F&G Annuities & Life’s (FG) Equal Weight Rating Reaffirmed at Stephens

Stephens reaffirmed their equal weight rating on shares of F&G Annuities & Life (NYSE:FG) in a report released on Monday,Benzinga reports. The firm currently has a $47.00 target price on the stock.

Separately, Barclays boosted their price objective on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th.

F&G Annuities & Life Stock Performance

FG stock opened at $40.94 on Monday. The firm has a 50 day moving average of $43.30 and a two-hundred day moving average of $43.36. F&G Annuities & Life has a 12 month low of $34.90 and a 12 month high of $50.75. The company has a market capitalization of $5.16 billion, a price-to-earnings ratio of 8.44 and a beta of 1.65. 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 Thursday, February 20th. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.13). The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.34 billion. F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. As a group, equities analysts anticipate that F&G Annuities & Life will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.22 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.88 annualized dividend and a dividend yield of 2.15%. F&G Annuities & Life’s payout ratio is 18.14%.

Institutional Trading of F&G Annuities & Life

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its stake in shares of 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 buying an additional 22,550 shares during the period. JPMorgan Chase & Co. lifted its position in shares of F&G Annuities & Life by 63.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 45,952 shares of the company’s stock worth $2,055,000 after acquiring an additional 17,845 shares during the period. Barclays PLC grew its holdings in shares of F&G Annuities & Life by 527.8% during the 3rd quarter. Barclays PLC now owns 42,524 shares of the company’s stock worth $1,902,000 after purchasing an additional 35,750 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of F&G Annuities & Life during the 3rd quarter worth approximately $521,000. Finally, Geode Capital Management LLC increased its position in shares of F&G Annuities & Life by 0.9% during the third quarter. Geode Capital Management LLC now owns 405,047 shares of the company’s stock valued at $18,117,000 after purchasing an additional 3,453 shares during the period. 95.86% of the stock is currently owned by institutional investors and hedge funds.

F&G Annuities & Life Company Profile

F&G Annuities & Life, Inc engages in the provision of fixed annuity and life insurance products. It specializes in life insurance, annuities, retirement planning and wealth transfer. The company was founded in 1959 and is headquartered in Des Moines, IA.