F&G Annuities & Life (NYSE:FG) Price Target Cut to $42.00 by Analysts at Piper Sandler

F&G Annuities & Life (NYSE:FG) had its price target trimmed by Piper Sandler from $43.00 to $42.00 in a report issued on Friday, Benzinga reports. The firm currently has a neutral rating on the stock.

F&G Annuities & Life Stock Performance

Shares of F&G Annuities & Life stock opened at $37.69 on Friday. The business has a 50-day simple moving average of $39.44 and a 200-day simple moving average of $40.93. The company has a market cap of $4.75 billion, a PE ratio of 19.23 and a beta of 1.30. F&G Annuities & Life has a one year low of $22.95 and a one year high of $48.71. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.21 and a current ratio of 0.21.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.03). The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.21 billion. F&G Annuities & Life had a net margin of 4.85% and a return on equity of 13.22%. On average, equities research analysts forecast that F&G Annuities & Life will post 4.3 EPS for the current fiscal year.

F&G Annuities & Life Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Friday, June 14th. F&G Annuities & Life’s dividend payout ratio (DPR) is presently 42.86%.

Institutional Trading of F&G Annuities & Life

Several institutional investors have recently modified their holdings of FG. Charles Schwab Investment Management Inc. grew its stake in F&G Annuities & Life by 29.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 184,895 shares of the company’s stock worth $5,188,000 after buying an additional 42,340 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its position in F&G Annuities & Life by 436.6% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,481 shares of the company’s stock valued at $42,000 after purchasing an additional 1,205 shares during the last quarter. Trexquant Investment LP raised its position in F&G Annuities & Life by 121.6% in the 3rd quarter. Trexquant Investment LP now owns 31,120 shares of the company’s stock valued at $873,000 after purchasing an additional 17,079 shares during the last quarter. Corton Capital Inc. acquired a new stake in F&G Annuities & Life during the 3rd quarter worth $202,000. Finally, Vanguard Group Inc. grew its position in F&G Annuities & Life by 41.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,457,972 shares of the company’s stock worth $40,911,000 after purchasing an additional 427,640 shares during the last quarter. Hedge funds and other institutional investors 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.