F&G Annuities & Life (NYSE:FG) Reaches New 12-Month Low – What’s Next?

Shares of F&G Annuities & Life, Inc. (NYSE:FG) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $22.23 and last traded at $23.27, with a volume of 472737 shares trading hands. The stock had previously closed at $22.75.

Analyst Ratings Changes

FG has been the topic of several analyst reports. Barclays set a $31.00 target price on F&G Annuities & Life in a research report on Thursday, January 8th. Wall Street Zen lowered shares of F&G Annuities & Life from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Zacks Research cut F&G Annuities & Life from a “hold” rating to a “strong sell” rating in a report on Monday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of F&G Annuities & Life in a research report 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 stock. Based on data from MarketBeat.com, F&G Annuities & Life presently has a consensus rating of “Reduce” and an average target price of $32.00.

F&G Annuities & Life Stock Up 2.3%

The company has a market cap of $3.13 billion, a PE ratio of 12.72 and a beta of 1.46. The company has a fifty day moving average of $28.70 and a two-hundred day moving average of $31.07. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.27 and a current ratio of 0.27.

F&G Annuities & Life (NYSE:FG) last released its earnings results on Thursday, February 19th. The company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.43). The firm had revenue of $739.00 million during the quarter, compared to the consensus estimate of $1.55 billion. F&G Annuities & Life had a return on equity of 10.62% and a net margin of 4.62%. As a group, analysts anticipate 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.3%. F&G Annuities & Life’s dividend payout ratio is presently 54.64%.

Insider Buying and Selling

In other news, CEO Christopher O. Blunt acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was purchased at an average cost of $29.56 per share, for a total transaction of $147,800.00. Following the completion of the acquisition, the chief executive officer directly owned 1,117,396 shares of the company’s stock, valued at $33,030,225.76. The trade was a 0.45% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.10% of the stock is owned by insiders.

Institutional Trading of F&G Annuities & Life

Several hedge funds and other institutional investors have recently bought and sold shares of FG. Hahn Capital Management LLC purchased a new position in shares of F&G Annuities & Life in the 4th quarter worth approximately $198,000. River Road Asset Management LLC purchased a new stake in F&G Annuities & Life during the 4th quarter worth approximately $209,000. Invesco Ltd. increased its stake in F&G Annuities & Life by 53.4% during the 4th quarter. Invesco Ltd. now owns 62,804 shares of the company’s stock valued at $1,938,000 after purchasing an additional 21,866 shares in the last quarter. Corient Private Wealth LLC increased its stake in F&G Annuities & Life by 40.3% during the 4th quarter. Corient Private Wealth LLC now owns 9,026 shares of the company’s stock valued at $279,000 after purchasing an additional 2,591 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of F&G Annuities & Life in the fourth quarter worth $321,000. Institutional investors own 95.86% of the company’s stock.

About F&G Annuities & Life

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.