F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report)'s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $30.06 and last traded at $30.06, with a volume of 102405 shares trading hands. The stock had previously closed at $30.75.
Analyst Ratings Changes
Several equities analysts have recently commented on FG shares. Wall Street Zen downgraded F&G Annuities & Life from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. Barclays cut their price target on F&G Annuities & Life from $40.00 to $37.00 and set an "equal weight" rating for the company in a research note on Monday, July 7th.
View Our Latest Stock Report on FG
F&G Annuities & Life Trading Down 0.9%
The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $4.19 billion, a P/E ratio of 8.24 and a beta of 1.55. The firm has a 50 day moving average of $31.76 and a 200-day moving average of $37.03.
F&G Annuities & Life (NYSE:FG - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.47). F&G Annuities & Life had a return on equity of 12.89% and a net margin of 9.90%. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $1.46 billion. On average, equities research analysts predict 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 declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend was Monday, June 16th. F&G Annuities & Life's payout ratio is 23.34%.
Insider Activity at F&G Annuities & Life
In related news, CEO Christopher O. Blunt bought 15,000 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was acquired at an average cost of $30.78 per share, with a total value of $461,700.00. Following the transaction, the chief executive officer directly owned 889,964 shares in the company, valued at approximately $27,393,091.92. This trade represents a 1.71% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders acquired 45,000 shares of company stock valued at $1,399,900. 2.10% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. Bleakley Financial Group LLC grew its holdings in F&G Annuities & Life by 2.7% during the 1st quarter. Bleakley Financial Group LLC now owns 11,282 shares of the company's stock worth $407,000 after acquiring an additional 293 shares during the period. Voya Investment Management LLC grew its holdings in F&G Annuities & Life by 5.6% during the 1st quarter. Voya Investment Management LLC now owns 6,309 shares of the company's stock worth $227,000 after acquiring an additional 334 shares during the period. Denali Advisors LLC grew its holdings in F&G Annuities & Life by 2.9% during the 1st quarter. Denali Advisors LLC now owns 12,864 shares of the company's stock worth $464,000 after acquiring an additional 364 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in F&G Annuities & Life by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,583 shares of the company's stock worth $439,000 after acquiring an additional 386 shares during the period. Finally, Iron Horse Wealth Management LLC grew its holdings in F&G Annuities & Life by 9.5% during the 1st quarter. Iron Horse Wealth Management LLC now owns 4,679 shares of the company's stock worth $169,000 after acquiring an additional 404 shares during the period. 95.86% of the stock is owned by institutional investors.
F&G Annuities & Life Company Profile
(
Get Free Report)
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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