F&G Annuities & Life, Inc. (NYSE:FG) Plans $0.25 Quarterly Dividend

F&G Annuities & Life, Inc. (NYSE:FG) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Wednesday, September 16th will be given a dividend of 0.25 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Wednesday, September 16th.

F&G Annuities & Life has a dividend payout ratio of 17.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect F&G Annuities & Life to earn $4.31 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 23.2%.

F&G Annuities & Life Stock Down 1.9%

FG opened at $29.09 on Friday. The firm has a market cap of $3.85 billion, a P/E ratio of 9.93 and a beta of 1.20. The business’s fifty day simple moving average is $28.58 and its 200 day simple moving average is $27.11. F&G Annuities & Life has a 52 week low of $20.57 and a 52 week high of $36.70. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.47.

F&G Annuities & Life (NYSE:FG) last announced its earnings results on Wednesday, August 5th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.13). The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.49 billion. F&G Annuities & Life had a net margin of 6.89% and a return on equity of 10.19%. As a group, equities research analysts anticipate that F&G Annuities & Life will post 3.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FG has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of F&G Annuities & Life in a report on Wednesday, June 24th. Zacks Research raised shares of F&G Annuities & Life to a “hold” rating in a research note on Thursday, May 7th. Wall Street Zen downgraded F&G Annuities & Life from a “buy” rating to a “hold” rating in a report on Sunday, July 5th. Finally, Raymond James Financial assumed coverage on F&G Annuities & Life in a report on Wednesday, May 6th. They issued a “market perform” rating for the company. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $30.00.

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.