F&G Annuities & Life, Inc. (FG) To Go Ex-Dividend on March 17th

F&G Annuities & Life, Inc. (NYSE:FG) announced a quarterly dividend on Friday, February 20th. Shareholders of record on Tuesday, March 17th will be given a dividend of 0.25 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date is Tuesday, March 17th.

F&G Annuities & Life has a payout ratio of 17.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect F&G Annuities & Life to earn $6.10 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 16.4%.

F&G Annuities & Life Price Performance

F&G Annuities & Life stock opened at $25.50 on Friday. The firm has a fifty day moving average of $29.36 and a 200-day moving average of $31.29. F&G Annuities & Life has a 52-week low of $24.40 and a 52-week high of $44.36. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $3.43 billion, a P/E ratio of 13.93 and a beta of 1.46.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.43). F&G Annuities & Life had a return on equity of 10.62% and a net margin of 4.62%.The business had revenue of $739.00 million for the quarter, compared to analysts’ expectations of $1.55 billion. As a group, analysts predict that F&G Annuities & Life will post 5.54 EPS for the current year.

Insider Buying and Selling at F&G Annuities & Life

In related news, CEO Christopher O. Blunt purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were purchased at an average cost of $29.56 per share, with a total value of $147,800.00. Following the completion of the acquisition, the chief executive officer directly owned 1,117,396 shares of the company’s stock, valued at approximately $33,030,225.76. The trade was a 0.45% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On F&G Annuities & Life

Hedge funds and other institutional investors have recently modified their holdings of the stock. Elevated Capital Advisors LLC bought a new position in shares of F&G Annuities & Life during the fourth quarter worth about $27,000. Hantz Financial Services Inc. raised its stake in F&G Annuities & Life by 29,066.7% during the fourth quarter. Hantz Financial Services Inc. now owns 875 shares of the company’s stock valued at $27,000 after buying an additional 872 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in F&G Annuities & Life by 474.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 902 shares of the company’s stock worth $28,000 after buying an additional 745 shares during the last quarter. GAMMA Investing LLC grew its position in shares of F&G Annuities & Life by 432.6% in the 4th quarter. GAMMA Investing LLC now owns 932 shares of the company’s stock worth $29,000 after acquiring an additional 757 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in shares of F&G Annuities & Life by 36,166.7% in the 4th quarter. Quadrant Capital Group LLC now owns 1,088 shares of the company’s stock valued at $34,000 after acquiring an additional 1,085 shares during the last quarter. Institutional investors own 95.86% of the company’s stock.

About F&G Annuities & Life

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.