F&G Annuities & Life (NYSE:FG) Sees Unusually-High Trading Volume

F&G Annuities & Life, Inc. (NYSE:FG) saw unusually-strong trading volume on Tuesday . Approximately 101,533 shares changed hands during trading, an increase of 4% from the previous session’s volume of 98,004 shares.The stock last traded at $43.79 and had previously closed at $43.07.

Wall Street Analyst Weigh In

Separately, Piper Sandler lowered their price target on shares of F&G Annuities & Life from $43.00 to $42.00 and set a “neutral” rating for the company in a research report on Friday, June 28th.

F&G Annuities & Life Stock Performance

The firm has a market capitalization of $5.11 billion, a P/E ratio of 20.67 and a beta of 1.23. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.47. The business’s 50 day simple moving average is $40.22 and its two-hundred day simple moving average is $40.55.

F&G Annuities & Life (NYSE:FG) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.03). The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.21 billion. F&G Annuities & Life had a net margin of 4.85% and a return on equity of 13.22%. Sell-side analysts anticipate that F&G Annuities & Life, Inc. will post 4.3 EPS for the current fiscal year.

F&G Annuities & Life Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend was Friday, June 14th. F&G Annuities & Life’s payout ratio is 42.86%.

Hedge Funds Weigh In On F&G Annuities & Life

Several large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its holdings in F&G Annuities & Life by 4.5% during the second quarter. Rhumbline Advisers now owns 35,808 shares of the company’s stock valued at $1,362,000 after purchasing an additional 1,551 shares in the last quarter. Convergence Investment Partners LLC purchased a new position in F&G Annuities & Life during the second quarter valued at approximately $205,000. Commonwealth Equity Services LLC lifted its holdings in shares of F&G Annuities & Life by 24.4% in the second quarter. Commonwealth Equity Services LLC now owns 8,249 shares of the company’s stock worth $314,000 after buying an additional 1,620 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of F&G Annuities & Life by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 250,314 shares of the company’s stock worth $9,524,000 after buying an additional 3,331 shares in the last quarter. Finally, Iron Horse Wealth Management LLC lifted its holdings in shares of F&G Annuities & Life by 723.4% in the second quarter. Iron Horse Wealth Management LLC now owns 2,923 shares of the company’s stock worth $111,000 after buying an additional 2,568 shares in the last quarter. Hedge funds and other institutional investors 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.