F&G Annuities & Life (NYSE:FG) Stock Price Expected to Rise, Barclays Analyst Says

F&G Annuities & Life (NYSE:FG) had its price objective increased by Barclays from $44.00 to $46.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

Separately, Piper Sandler raised their target price on shares of F&G Annuities & Life from $40.00 to $46.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd.

F&G Annuities & Life Stock Performance

FG stock traded up $0.83 during trading on Friday, hitting $46.05. The company had a trading volume of 74,198 shares, compared to its average volume of 56,661. The firm has a 50-day moving average price of $42.53 and a 200-day moving average price of $41.04. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The firm has a market cap of $5.81 billion, a PE ratio of -767.37 and a beta of 1.32. F&G Annuities & Life has a 1-year low of $34.90 and a 1-year high of $48.71.

F&G Annuities & Life (NYSE:FG) last released its earnings results on Wednesday, November 6th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. F&G Annuities & Life had a return on equity of 13.93% and a net margin of 0.22%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the company posted $0.96 earnings per share. On average, analysts expect that F&G Annuities & Life will post 4.32 earnings per share for the current year.

F&G Annuities & Life Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.91%. This is an increase from F&G Annuities & Life’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, December 17th. F&G Annuities & Life’s dividend payout ratio is -1,399.77%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System boosted its position in shares of F&G Annuities & Life by 258.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 19,270 shares of the company’s stock worth $781,000 after purchasing an additional 13,890 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of F&G Annuities & Life by 1.1% in the first quarter. Vanguard Group Inc. now owns 1,878,492 shares of the company’s stock valued at $76,173,000 after purchasing an additional 21,253 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in shares of F&G Annuities & Life in the first quarter valued at about $510,000. Denali Advisors LLC boosted its holdings in F&G Annuities & Life by 14,687.8% during the second quarter. Denali Advisors LLC now owns 17,006 shares of the company’s stock worth $647,000 after buying an additional 16,891 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in F&G Annuities & Life by 25.1% during the second quarter. Dimensional Fund Advisors LP now owns 322,714 shares of the company’s stock worth $12,282,000 after buying an additional 64,669 shares during the period. Institutional investors and hedge funds 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.