F&G Annuities & Life, Inc. Declares 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) declared a quarterly dividend on Thursday, August 7th, RTT News reports. Shareholders of record on Tuesday, September 16th will be paid a dividend of 0.22 per share on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Tuesday, September 16th.

F&G Annuities & Life has a dividend payout ratio of 15.4% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Up 1.9%

Shares of F&G Annuities & Life stock traded up $0.65 on Monday, hitting $34.63. The company had a trading volume of 58,715 shares, compared to its average volume of 231,146. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a 50-day moving average of $31.92 and a 200-day moving average of $35.84. F&G Annuities & Life has a twelve month low of $30.01 and a twelve month high of $50.75. The firm has a market capitalization of $4.66 billion, a P/E ratio of 13.96 and a beta of 1.55.

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 analysts' consensus estimates of $0.64 by $0.13. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $1.35 billion. F&G Annuities & Life had a net margin of 6.45% and a return on equity of 11.65%. Research analysts predict that F&G Annuities & Life will post 5.54 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Christopher O. Blunt acquired 5,000 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was purchased at an average price of $32.11 per share, for a total transaction of $160,550.00. Following the transaction, the chief executive officer directly owned 894,964 shares of the company's stock, valued at approximately $28,737,294.04. This trade represents a 0.56% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.10% of the company's stock.

Hedge Funds Weigh In On F&G Annuities & Life

Several institutional investors and hedge funds have recently made changes to their positions in FG. JPMorgan Chase & Co. grew its holdings in shares of F&G Annuities & Life by 83.9% in the fourth quarter. JPMorgan Chase & Co. now owns 84,528 shares of the company's stock worth $3,503,000 after purchasing an additional 38,576 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of F&G Annuities & Life by 8.7% in the 4th quarter. Wells Fargo & Company MN now owns 28,108 shares of the company's stock valued at $1,165,000 after purchasing an additional 2,256 shares in the last quarter. Federated Hermes Inc. raised 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 purchasing an additional 734 shares in the last quarter. Renaissance Technologies LLC raised its stake in F&G Annuities & Life by 4.3% in the fourth 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 in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in F&G Annuities & Life during the fourth quarter worth $604,000. Institutional investors own 95.86% of the company's stock.

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.