F&G Annuities & Life, Inc. to Issue Quarterly Dividend of $0.22 (NYSE:FG)

Key Points

• F&G Annuities & Life, Inc. declared a quarterly dividend of $0.22 per share, which will be paid on September 30th to shareholders of record as of September 16th, resulting in an annualized yield of 2.5%.
• The company reported earnings of $0.77 per share for the last quarter, surpassing estimates of $0.64 by $0.13, with a revenue of $2.74 billion significantly exceeding the forecast.
• Insiders, including CEO Christopher O. Blunt, have recently purchased shares, indicating confidence in the company's performance, with a total of 45,000 shares acquired valued at approximately $1.4 million over the last 90 days.

F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report) announced a quarterly dividend on Thursday, August 7th, RTT News reports. Shareholders of record on Tuesday, September 16th will be given a dividend of 0.22 per share on Tuesday, September 30th. This represents a c) annualized dividend and a yield of 2.5%.

F&G Annuities & Life has a dividend payout ratio of 15.4% meaning its dividend is sufficiently covered by earnings. Analysts expect F&G Annuities & Life to earn $6.10 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 14.4%.

F&G Annuities & Life Price Performance

Shares of FG stock opened at $35.75 on Thursday. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 9.34 and a beta of 1.55. The stock's fifty day simple moving average is $31.84 and its 200 day simple moving average is $36.08. 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 one year low of $30.01 and a one year high of $50.75.

F&G Annuities & Life (NYSE:FG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.13. F&G Annuities & Life had a return on equity of 12.89% and a net margin of 9.90%. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $1.35 billion. On average, analysts expect that F&G Annuities & Life will post 5.54 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Christopher O. Blunt acquired 5,000 shares of the business's stock in a transaction on Friday, May 16th. The shares were purchased at an average price of $32.11 per share, for a total transaction of $160,550.00. Following the acquisition, the chief executive officer directly owned 894,964 shares of the company's stock, valued at $28,737,294.04. This represents a 0.56% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased 45,000 shares of company stock valued at $1,399,900 over the last 90 days. 2.10% of the stock is currently owned by company insiders.

Institutional Trading of F&G Annuities & Life

Several large investors have recently added to or reduced their stakes in FG. KLP Kapitalforvaltning AS bought a new stake in F&G Annuities & Life in the fourth quarter valued at about $141,000. JPMorgan Chase & Co. increased its stake in F&G Annuities & Life by 83.9% in the fourth quarter. JPMorgan Chase & Co. now owns 84,528 shares of the company's stock valued at $3,503,000 after purchasing an additional 38,576 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of F&G Annuities & Life by 8.7% during the fourth quarter. Wells Fargo & Company MN now owns 28,108 shares of the company's stock worth $1,165,000 after purchasing an additional 2,256 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of F&G Annuities & Life by 476.6% in the 4th quarter. Federated Hermes Inc. now owns 888 shares of the company's stock valued at $37,000 after buying an additional 734 shares during the period. Finally, Renaissance Technologies LLC raised its stake in F&G Annuities & Life by 4.3% during the 4th quarter. Renaissance Technologies LLC now owns 50,500 shares of the company's stock worth $2,093,000 after buying an additional 2,100 shares during the period. 95.86% of the stock is owned by 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.

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