F&G Annuities & Life (NYSE:FG) Reaches New 52-Week Low – Time to Sell?

F&G Annuities & Life, Inc. (NYSE:FG)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $27.68 and last traded at $27.6950, with a volume of 205161 shares. The stock had previously closed at $28.51.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Piper Sandler set a $33.00 target price on F&G Annuities & Life in a research report on Tuesday, October 7th. Wall Street Zen downgraded F&G Annuities & Life from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research lowered shares of F&G Annuities & Life from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Weiss Ratings reissued a “hold (c)” rating on shares of F&G Annuities & Life in a research report on Monday, December 29th. Finally, Barclays set a $31.00 price target on shares of F&G Annuities & Life in a report on Thursday, January 8th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $37.00.

F&G Annuities & Life Price Performance

The stock has a 50-day moving average price of $31.74 and a two-hundred day moving average price of $32.00. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.45. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of 8.07 and a beta of 1.46.

F&G Annuities & Life (NYSE:FG) last released its quarterly earnings results on Tuesday, October 3rd. The company reported $1.45 EPS for the quarter. F&G Annuities & Life had a return on equity of 11.41% and a net margin of 8.40%.The company had revenue of $496.00 million during the quarter. As a group, equities research analysts forecast that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.

F&G Annuities & Life Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th were paid a $0.25 dividend. This is a boost from F&G Annuities & Life’s previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, December 17th. This represents a $1.00 dividend on an annualized basis and a yield of 3.6%. F&G Annuities & Life’s dividend payout ratio (DPR) is 29.33%.

Insider Transactions at F&G Annuities & Life

In related news, CEO Christopher O. Blunt purchased 5,000 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was acquired at an average price of $29.56 per share, with a total value of $147,800.00. Following the completion of the acquisition, the chief executive officer owned 1,117,396 shares in the company, valued at approximately $33,030,225.76. This represents a 0.45% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On F&G Annuities & Life

A number of large investors have recently made changes to their positions in FG. Harbor Capital Advisors Inc. raised its stake in F&G Annuities & Life by 474.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 902 shares of the company’s stock worth $28,000 after acquiring an additional 745 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of F&G Annuities & Life by 432.6% in the fourth quarter. GAMMA Investing LLC now owns 932 shares of the company’s stock worth $29,000 after purchasing an additional 757 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of F&G Annuities & Life by 83.8% during the third quarter. EverSource Wealth Advisors LLC now owns 1,211 shares of the company’s stock worth $38,000 after purchasing an additional 552 shares during the period. Board of the Pension Protection Fund acquired a new stake in shares of F&G Annuities & Life during the fourth quarter worth about $52,000. Finally, Ameritas Investment Partners Inc. boosted its position in F&G Annuities & Life by 18.3% in the second quarter. Ameritas Investment Partners Inc. now owns 2,174 shares of the company’s stock valued at $70,000 after buying an additional 337 shares during the last quarter. 95.86% of the stock is owned by hedge funds and other institutional investors.

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.