F&G Annuities & Life (NYSE:FG) Price Target Cut to $37.00 by Analysts at Barclays

F&G Annuities & Life (NYSE:FG - Free Report) had its target price trimmed by Barclays from $40.00 to $37.00 in a report issued on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

F&G Annuities & Life Trading Down 0.7%

NYSE FG traded down $0.22 on Monday, hitting $30.91. The company's stock had a trading volume of 133,766 shares, compared to its average volume of 158,094. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.50. F&G Annuities & Life has a 1-year low of $30.10 and a 1-year high of $50.75. The company's 50-day moving average is $32.16 and its 200 day moving average is $37.41. The firm has a market cap of $4.17 billion, a PE ratio of 8.20 and a beta of 1.55.

F&G Annuities & Life (NYSE:FG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $1.19 by ($0.47). The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $1.46 billion. F&G Annuities & Life had a return on equity of 12.89% and a net margin of 9.90%. As a group, analysts predict that F&G Annuities & Life will post 5.54 earnings per share for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.85%. The ex-dividend date was Monday, June 16th. F&G Annuities & Life's dividend payout ratio is 23.34%.

Insider Buying and Selling

In related news, CEO Christopher O. Blunt acquired 5,000 shares of the stock in a transaction on Friday, May 16th. The shares were acquired at an average price of $32.11 per share, with a total value of $160,550.00. Following the completion of the transaction, the chief executive officer owned 894,964 shares in the company, valued at approximately $28,737,294.04. The trade was a 0.56% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have bought a total of 45,000 shares of company stock valued at $1,399,900 over the last 90 days. Insiders own 2.10% of the company's stock.

Hedge Funds Weigh In On F&G Annuities & Life

Large investors have recently modified their holdings of the business. Federated Hermes Inc. increased its stake in shares of F&G Annuities & Life by 476.6% in the fourth quarter. Federated Hermes Inc. now owns 888 shares of the company's stock worth $37,000 after purchasing an additional 734 shares in the last quarter. Quarry LP purchased a new position in F&G Annuities & Life during the first quarter valued at approximately $44,000. Cubist Systematic Strategies LLC purchased a new position in F&G Annuities & Life during the first quarter valued at approximately $89,000. State of Wyoming purchased a new position in F&G Annuities & Life during the first quarter valued at approximately $96,000. Finally, BNP Paribas Financial Markets purchased a new position in F&G Annuities & Life during the fourth quarter valued at approximately $114,000. Hedge funds and other institutional investors own 95.86% of the company's stock.

About F&G Annuities & Life

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.