F&G Annuities & Life, Inc. (FG) to Issue Quarterly Dividend of $0.25 on March 31st

F&G Annuities & Life, Inc. (NYSE:FG) announced a quarterly dividend on Friday, February 20th. Stockholders of record on Tuesday, March 17th will be paid a dividend of 0.25 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Tuesday, March 17th.

F&G Annuities & Life has a dividend payout ratio of 17.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect F&G Annuities & Life to earn $6.10 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 16.4%.

F&G Annuities & Life Price Performance

FG stock opened at $20.95 on Friday. The firm has a 50 day moving average of $26.51 and a 200-day moving average of $30.04. The firm has a market capitalization of $2.84 billion, a P/E ratio of 11.45 and a beta of 1.59. F&G Annuities & Life has a 12 month low of $20.57 and a 12 month high of $42.84. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.45.

F&G Annuities & Life (NYSE:FG) last posted its earnings results on Thursday, February 19th. The company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.43). F&G Annuities & Life had a return on equity of 10.48% and a net margin of 4.62%.The firm had revenue of $739.00 million for the quarter, compared to the consensus estimate of $1.55 billion. As a group, sell-side analysts predict that F&G Annuities & Life will post 5.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

FG has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of F&G Annuities & Life from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Zacks Research downgraded F&G Annuities & Life from a “hold” rating to a “strong sell” rating in a research report on Monday, February 23rd. Barclays set a $31.00 target price on F&G Annuities & Life in a research report on Thursday, January 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of F&G Annuities & Life in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $32.00.

F&G Annuities & Life Company Profile

F&G Annuities & Life is the principal life insurance and annuity subsidiary of F&G Financial Group, Inc (NYSE: FG), a publicly traded financial services holding company headquartered in Des Moines, Iowa. The company focuses on designing and issuing retirement income solutions that address longevity risk, capital preservation, and wealth transfer for individual and institutional clients.

Its product suite includes fixed indexed annuities, which offer the potential for market-linked growth with downside protection; fixed-rate annuities, delivering guaranteed interest over a defined term; and a range of life insurance policies such as term, universal, and variable universal life.