F&G Annuities & Life (NYSE:FG) Trading Down 4.1%

F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report) traded down 4.1% during mid-day trading on Thursday . The stock traded as low as $36.31 and last traded at $36.32. 60,919 shares were traded during mid-day trading, a decline of 46% from the average session volume of 112,535 shares. The stock had previously closed at $37.87.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on FG shares. Stephens boosted their price target on shares of F&G Annuities & Life from $36.00 to $47.00 and gave the company an "equal weight" rating in a report on Monday, December 18th. Piper Sandler began coverage on shares of F&G Annuities & Life in a research note on Friday, December 22nd. They set a "neutral" rating and a $48.00 price objective on the stock.

F&G Annuities & Life Trading Down 3.5 %

The stock has a market capitalization of $4.62 billion, a P/E ratio of -76.15 and a beta of 1.21. The business has a 50 day simple moving average of $40.49 and a 200-day simple moving average of $39.32. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.21 and a current ratio of 0.21.

F&G Annuities & Life (NYSE:FG - Get Free Report) last released its earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.02 by ($0.42). F&G Annuities & Life had a positive return on equity of 12.33% and a negative net margin of 1.29%. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.18 billion. On average, analysts predict that F&G Annuities & Life, Inc. will post 4.38 EPS for the current year.

F&G Annuities & Life Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.21 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.84 annualized dividend and a yield of 2.30%. F&G Annuities & Life's dividend payout ratio (DPR) is -175.00%.

Hedge Funds Weigh In On F&G Annuities & Life

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in F&G Annuities & Life by 27.4% during 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. BlackRock Inc. lifted its stake in F&G Annuities & Life by 63.0% in the 2nd quarter. BlackRock Inc. now owns 1,288,241 shares of the company's stock worth $31,923,000 after acquiring an additional 497,749 shares in the last quarter. Madison Avenue Partners LP acquired a new stake in F&G Annuities & Life during the 4th quarter worth about $18,210,000. State Street Corp grew its stake in F&G Annuities & Life by 30.5% during the 2nd quarter. State Street Corp now owns 393,658 shares of the company's stock valued at $9,755,000 after acquiring an additional 91,942 shares in the last quarter. Finally, Ancora Advisors LLC increased its holdings in shares of F&G Annuities & Life by 34.8% in the 1st quarter. Ancora Advisors LLC now owns 375,109 shares of the company's stock valued at $6,797,000 after purchasing an additional 96,853 shares during the period. Institutional investors and hedge funds own 95.86% of the company's stock.

About F&G Annuities & Life

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.