F&G Annuities & Life (NYSE:FG) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS

F&G Annuities & Life (NYSE:FG) released its earnings results on Wednesday. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03, Zacks reports. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.18 billion. F&G Annuities & Life had a return on equity of 13.93% and a net margin of 0.22%. During the same quarter in the previous year, the business posted $0.96 earnings per share.

F&G Annuities & Life Trading Up 1.8 %

NYSE FG traded up $0.83 on Friday, hitting $46.05. The company’s stock had a trading volume of 74,198 shares, compared to its average volume of 56,661. The company’s 50-day moving average is $42.53 and its 200 day moving average is $41.04. 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. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54.

F&G Annuities & Life Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Piper Sandler increased their price objective on shares of F&G Annuities & Life from $40.00 to $46.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Barclays increased their price target on F&G Annuities & Life from $44.00 to $46.00 and gave the company an “equal weight” rating in a research note on Friday.

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.