F&G Annuities & Life (NYSE:FG) Trading Up 4% – Still a Buy?

F&G Annuities & Life, Inc. (NYSE:FG)’s share price was up 4% on Friday . The company traded as high as $44.46 and last traded at $44.14. Approximately 6,699 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 91,287 shares. The stock had previously closed at $42.46.

Analysts Set New Price Targets

Several analysts have recently issued reports on FG shares. Piper Sandler upped their target price on shares of F&G Annuities & Life from $40.00 to $46.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Barclays lowered their price objective on F&G Annuities & Life from $45.00 to $44.00 and set an “equal weight” rating for the company in a research note on Tuesday.

F&G Annuities & Life Stock Up 4.4 %

The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The company’s fifty day moving average price is $41.50 and its 200-day moving average price is $40.44. The stock has a market cap of $5.59 billion, a P/E ratio of 17.19 and a beta of 1.20.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings data on Monday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.12. F&G Annuities & Life had a net margin of 6.25% and a return on equity of 13.94%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.36 billion. Equities analysts forecast that F&G Annuities & Life, Inc. will post 4.32 EPS for the current year.

F&G Annuities & Life Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $0.21 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.84 dividend on an annualized basis and a yield of 1.89%. F&G Annuities & Life’s payout ratio is 34.01%.

Institutional Investors Weigh In On F&G Annuities & Life

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its position in shares of F&G Annuities & Life by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 15,088 shares of the company’s stock worth $574,000 after acquiring an additional 272 shares during the period. Capital Advisors Wealth Management LLC increased its holdings in F&G Annuities & Life by 1.8% during the 2nd quarter. Capital Advisors Wealth Management LLC now owns 19,216 shares of the company’s stock worth $731,000 after purchasing an additional 344 shares during the period. Price T Rowe Associates Inc. MD raised its position in F&G Annuities & Life by 18.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,371 shares of the company’s stock valued at $218,000 after purchasing an additional 819 shares in the last quarter. Scarborough Advisors LLC purchased a new stake in shares of F&G Annuities & Life in the 4th quarter worth $70,000. Finally, Rhumbline Advisers lifted its holdings in shares of F&G Annuities & Life by 4.5% in the 2nd quarter. Rhumbline Advisers now owns 35,808 shares of the company’s stock worth $1,362,000 after buying an additional 1,551 shares during the period. Institutional investors 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.