Barclays Issues Positive Forecast for F&G Annuities & Life (NYSE:FG) Stock Price

F&G Annuities & Life (NYSE:FG) had its price objective increased by Barclays from $46.00 to $47.00 in a research report sent to investors on Monday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Separately, Piper Sandler increased their price target on shares of F&G Annuities & Life from $40.00 to $46.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd.

F&G Annuities & Life Price Performance

NYSE:FG opened at $41.50 on Monday. F&G Annuities & Life has a 12-month low of $34.90 and a 12-month high of $50.75. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of -691.55 and a beta of 1.64. The stock’s 50 day moving average price is $44.35 and its two-hundred day moving average price is $42.52. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.46.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.03. F&G Annuities & Life had a return on equity of 13.05% and a net margin of 0.22%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the firm posted $0.96 EPS. On average, analysts anticipate that F&G Annuities & Life will post 4.43 earnings per share for the current year.

F&G Annuities & Life Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were given a dividend of $0.22 per share. This is a boost from F&G Annuities & Life’s previous quarterly dividend of $0.21. The ex-dividend date was Tuesday, December 17th. This represents a $0.88 annualized dividend and a yield of 2.12%. F&G Annuities & Life’s dividend payout ratio (DPR) is presently -1,466.67%.

Institutional Investors Weigh In On F&G Annuities & Life

Institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its stake in F&G Annuities & Life by 23.1% in the third quarter. Principal Financial Group Inc. now owns 120,336 shares of the company’s stock valued at $5,381,000 after purchasing an additional 22,550 shares in the last quarter. Barclays PLC raised its position in shares of F&G Annuities & Life by 527.8% in the 3rd quarter. Barclays PLC now owns 42,524 shares of the company’s stock valued at $1,902,000 after buying an additional 35,750 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of F&G Annuities & Life during the 3rd quarter worth approximately $521,000. Denali Advisors LLC boosted its position in shares of F&G Annuities & Life by 14,687.8% during the 2nd quarter. Denali Advisors LLC now owns 17,006 shares of the company’s stock worth $647,000 after acquiring an additional 16,891 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of F&G Annuities & Life by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 405,047 shares of the company’s stock worth $18,117,000 after acquiring an additional 3,453 shares in the last quarter. 95.86% of the stock is currently owned by institutional investors.

About F&G Annuities & Life

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.