F&G Annuities & Life (NYSE:FG) Given New $37.00 Price Target at Barclays

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

F&G Annuities & Life Price Performance

FG stock traded down $1.32 during trading on Monday, hitting $31.19. The stock had a trading volume of 247,464 shares, compared to its average volume of 156,582. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.27 and a quick ratio of 0.27. F&G Annuities & Life has a twelve month low of $30.10 and a twelve month high of $50.75. The stock has a market capitalization of $4.20 billion, a P/E ratio of 8.27 and a beta of 1.55. The company's 50-day moving average price is $32.41 and its two-hundred day moving average price is $37.57.

F&G Annuities & Life (NYSE:FG - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.47). The firm 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, research analysts predict that F&G Annuities & Life will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $0.88 annualized dividend and a yield of 2.82%. F&G Annuities & Life's dividend payout ratio (DPR) is presently 23.34%.

Insider Transactions at F&G Annuities & Life

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

Hedge Funds Weigh In On F&G Annuities & Life

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Fidelity National Financial Inc. grew its holdings in F&G Annuities & Life by 4.2% in the 1st quarter. Fidelity National Financial Inc. now owns 110,942,551 shares of the company's stock valued at $3,999,479,000 after buying an additional 4,500,000 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of F&G Annuities & Life by 8.9% in the first quarter. Vanguard Group Inc. now owns 2,029,913 shares of the company's stock valued at $73,178,000 after purchasing an additional 165,489 shares during the period. Castlekeep Investment Advisors LLC purchased a new stake in shares of F&G Annuities & Life in the fourth quarter valued at about $72,007,000. Dimensional Fund Advisors LP grew its holdings in shares of F&G Annuities & Life by 11.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 413,202 shares of the company's stock valued at $17,123,000 after purchasing an additional 42,081 shares during the period. Finally, Norges Bank purchased a new stake in shares of F&G Annuities & Life in the 4th quarter valued at approximately $14,321,000. 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.