F&G Annuities & Life (NYSE:FG) Reaches New 1-Year Low – Here’s What Happened

F&G Annuities & Life, Inc. (NYSE:FG)’s share price hit a new 52-week low on Friday . The company traded as low as $34.08 and last traded at $34.44, with a volume of 1258221 shares traded. The stock had previously closed at $36.44.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FG. Barclays raised their target price on F&G Annuities & Life from $46.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Stephens reiterated an “equal weight” rating and set a $47.00 price target on shares of F&G Annuities & Life in a research report on Monday, February 24th.

F&G Annuities & Life Trading Down 4.6 %

The company has a debt-to-equity ratio of 0.46, a current ratio of 0.25 and a quick ratio of 0.25. The firm has a market capitalization of $4.41 billion, a PE ratio of 7.17 and a beta of 1.72. The company’s fifty day simple moving average is $42.97 and its 200-day simple moving average is $43.25.

F&G Annuities & Life (NYSE:FG) last released its earnings results on Thursday, February 20th. The company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.13). F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.34 billion. As a group, sell-side analysts expect that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current fiscal year.

F&G Annuities & Life Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.22 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.88 annualized dividend and a dividend yield of 2.53%. F&G Annuities & Life’s dividend payout ratio (DPR) is presently 18.14%.

Institutional Trading of F&G Annuities & Life

Several large investors have recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in F&G Annuities & Life by 59.6% during the 4th quarter. Blue Trust Inc. now owns 902 shares of the company’s stock worth $40,000 after purchasing an additional 337 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of F&G Annuities & Life by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,583 shares of the company’s stock worth $439,000 after buying an additional 386 shares in the last quarter. Rhumbline Advisers boosted its position in F&G Annuities & Life by 1.6% during the fourth quarter. Rhumbline Advisers now owns 29,633 shares of the company’s stock worth $1,228,000 after acquiring an additional 469 shares during the last quarter. Federated Hermes Inc. boosted its position in F&G Annuities & Life by 476.6% during the fourth quarter. Federated Hermes Inc. now owns 888 shares of the company’s stock worth $37,000 after acquiring an additional 734 shares during the last quarter. Finally, Capital Advisors Wealth Management LLC grew its stake in F&G Annuities & Life by 5.0% during the 4th quarter. Capital Advisors Wealth Management LLC now owns 20,319 shares of the company’s stock valued at $842,000 after acquiring an additional 964 shares in the last quarter. 95.86% of the stock is currently owned by hedge funds and other institutional investors.

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.