F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report) EVP Leena Punjabi sold 3,000 shares of the stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $33.81, for a total value of $101,430.00. Following the completion of the sale, the executive vice president owned 64,064 shares of the company's stock, valued at $2,166,003.84. The trade was a 4.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
F&G Annuities & Life Stock Up 0.0%
Shares of FG traded up $0.01 during mid-day trading on Monday, reaching $33.00. The company's stock had a trading volume of 151,107 shares, compared to its average volume of 159,181. The business has a fifty day moving average of $33.45 and a 200 day moving average of $33.78. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 13.31 and a beta of 1.55. F&G Annuities & Life, Inc. has a 1 year low of $30.01 and a 1 year high of $50.75. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.49.
F&G Annuities & Life (NYSE:FG - Get Free Report) last released its earnings results 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 company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $1.35 billion. F&G Annuities & Life had a return on equity of 11.51% and a net margin of 6.45%. As a group, analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Tuesday, September 16th. F&G Annuities & Life's dividend payout ratio (DPR) is currently 35.48%.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the company. Barclays increased their price objective on F&G Annuities & Life from $37.00 to $40.00 and gave the stock an "equal weight" rating in a report on Thursday, August 7th. Wall Street Zen upgraded F&G Annuities & Life from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Finally, Zacks Research upgraded F&G Annuities & Life from a "strong sell" rating to a "hold" rating in a report on Monday, September 1st. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $44.33.
Check Out Our Latest Stock Analysis on F&G Annuities & Life
Hedge Funds Weigh In On F&G Annuities & Life
Several hedge funds have recently bought and sold shares of FG. Castlekeep Investment Advisors LLC acquired a new stake in shares of F&G Annuities & Life in the fourth quarter valued at about $1,717,000. Fidelity National Financial Inc. grew its position in shares of F&G Annuities & Life by 4.2% in the first quarter. Fidelity National Financial Inc. now owns 110,942,551 shares of the company's stock valued at $3,999,479,000 after purchasing an additional 4,500,000 shares during the last quarter. Mutual Advisors LLC acquired a new stake in shares of F&G Annuities & Life in the first quarter valued at about $631,000. Wellington Management Group LLP acquired a new stake in shares of F&G Annuities & Life in the first quarter valued at about $1,527,000. Finally, American Century Companies Inc. grew its position in shares of F&G Annuities & Life by 26.6% in the first quarter. American Century Companies Inc. now owns 296,101 shares of the company's stock valued at $10,674,000 after purchasing an additional 62,201 shares during the last quarter. 95.86% of the stock is owned by institutional investors and hedge funds.
About F&G Annuities & Life
(
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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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