F&G Annuities & Life (NYSE:FG) Trading 4% Higher – Time to Buy?

F&G Annuities & Life, Inc. (NYSE:FG) was up 4% on Friday . The company traded as high as $44.46 and last traded at $44.14. Approximately 6,699 shares were traded during trading, a decline of 93% from the average daily volume of 91,287 shares. The stock had previously closed at $42.46.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FG. Barclays cut their target price on F&G Annuities & Life from $45.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Piper Sandler boosted their price objective on shares of F&G Annuities & Life from $40.00 to $46.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd.

F&G Annuities & Life Stock Performance

The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $5.59 billion, a PE ratio of 17.19 and a beta of 1.20. The business has a 50 day simple moving average of $41.50 and a 200 day simple moving average of $40.44.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings data on Monday, August 5th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.98 by $0.12. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.36 billion. F&G Annuities & Life had a net margin of 6.25% and a return on equity of 13.94%. Equities research analysts predict that F&G Annuities & Life, Inc. will post 4.32 EPS for the current fiscal year.

F&G Annuities & Life Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Monday, September 16th. F&G Annuities & Life’s dividend payout ratio (DPR) is presently 34.01%.

Institutional Investors Weigh In On F&G Annuities & Life

A number of institutional investors and hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its holdings in F&G Annuities & Life by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,088 shares of the company’s stock worth $574,000 after buying an additional 272 shares during the period. Capital Advisors Wealth Management LLC increased its stake in shares of F&G Annuities & Life by 1.8% in the second quarter. Capital Advisors Wealth Management LLC now owns 19,216 shares of the company’s stock worth $731,000 after acquiring an additional 344 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of F&G Annuities & Life by 18.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,371 shares of the company’s stock worth $218,000 after purchasing an additional 819 shares during the last quarter. Scarborough Advisors LLC purchased a new stake in F&G Annuities & Life in the fourth quarter valued at $70,000. Finally, Rhumbline Advisers grew its position in F&G Annuities & Life by 4.5% during the 2nd quarter. Rhumbline Advisers now owns 35,808 shares of the company’s stock worth $1,362,000 after purchasing an additional 1,551 shares during the period. Institutional investors and hedge funds own 95.86% of the company’s stock.

F&G Annuities & Life Company Profile

F&G Annuities & Life, Inc provides fixed annuities and life insurance products in the United States. The company portfolio includes fixed indexed annuities, multi-year guarantee annuities, and pension risk transfer solution, as well as indexed universal life insurance, institutional funding agreements, and index-linked annuities.