F&G Annuities & Life (NYSE:FG) Trading 5.9% Higher

F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report)'s share price was up 5.9% on Wednesday . The stock traded as high as $42.55 and last traded at $42.55. Approximately 38,298 shares changed hands during trading, a decline of 64% from the average daily volume of 107,591 shares. The stock had previously closed at $40.18.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on FG shares. Piper Sandler started coverage on F&G Annuities & Life in a research note on Friday, December 22nd. They issued a "neutral" rating and a $48.00 price target on the stock. Stephens raised their target price on shares of F&G Annuities & Life from $36.00 to $47.00 and gave the stock an "equal weight" rating in a research note on Monday, December 18th.

F&G Annuities & Life Stock Performance

The stock has a market cap of $5.28 billion, a P/E ratio of -87.14 and a beta of 1.21. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.57. The stock has a 50 day simple moving average of $41.31 and a 200 day simple moving average of $38.92.

F&G Annuities & Life (NYSE:FG - Get Free Report) last released its earnings results on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.42). The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.18 billion. F&G Annuities & Life had a negative net margin of 1.29% and a positive return on equity of 12.33%. On average, equities analysts expect that F&G Annuities & Life, Inc. will post 4.43 earnings per share for the current year.

F&G Annuities & Life Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Thursday, March 14th. F&G Annuities & Life's dividend payout ratio is presently -175.00%.

Institutional Trading of F&G Annuities & Life

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in F&G Annuities & Life by 27.4% in the 4th quarter. Vanguard Group Inc. now owns 1,857,239 shares of the company's stock worth $85,433,000 after purchasing an additional 399,267 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in F&G Annuities & Life during the 4th quarter worth approximately $70,000. Price T Rowe Associates Inc. MD acquired a new stake in F&G Annuities & Life during the 4th quarter worth approximately $210,000. Barclays PLC grew its holdings in F&G Annuities & Life by 186.4% during the 4th quarter. Barclays PLC now owns 34,936 shares of the company's stock worth $1,608,000 after acquiring an additional 22,739 shares during the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new position in F&G Annuities & Life in the 4th quarter valued at approximately $756,000. Institutional investors and hedge funds own 95.86% of the company's stock.

F&G Annuities & Life Company Profile

F&G Annuities & Life, Inc provides fixed annuities and life insurance products in the United States. The company portfolio includes fixed indexed annuities, multi-year guarantee annuities, and pension risk transfer solution, as well as indexed universal life insurance, institutional funding agreements, and index-linked annuities.