F&G Annuities & Life (NYSE:FG) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of F&G Annuities & Life (NYSE:FGFree Report) from a buy rating to a hold rating in a research report report published on Saturday morning.

Several other research analysts have also commented on FG. Zacks Research lowered F&G Annuities & Life from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Barclays set a $31.00 target price on shares of F&G Annuities & Life in a report on Thursday, January 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of F&G Annuities & Life in a research report on Monday, December 29th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $37.00.

Get Our Latest Research Report on FG

F&G Annuities & Life Price Performance

Shares of NYSE:FG opened at $25.50 on Friday. F&G Annuities & Life has a 12 month low of $24.40 and a 12 month high of $44.36. The firm has a market capitalization of $3.43 billion, a P/E ratio of 13.93 and a beta of 1.46. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.27 and a quick ratio of 0.27. The company’s fifty day moving average price is $29.36 and its 200 day moving average price is $31.29.

F&G Annuities & Life (NYSE:FGGet Free Report) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $739.00 million for the quarter, compared to analysts’ expectations of $1.55 billion. As a group, sell-side analysts predict that F&G Annuities & Life will post 5.54 earnings per share for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Tuesday, March 17th. F&G Annuities & Life’s dividend payout ratio is 54.64%.

Insider Buying and Selling at F&G Annuities & Life

In other news, CEO Christopher O. Blunt acquired 5,000 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were purchased at an average cost of $29.56 per share, for a total transaction of $147,800.00. Following the transaction, the chief executive officer directly 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 2.10% of the stock is currently owned by corporate insiders.

Institutional Trading of F&G Annuities & Life

Hedge funds have recently made changes to their positions in the company. CSM Advisors LLC acquired a new position in F&G Annuities & Life during the 2nd quarter worth approximately $3,863,000. American Century Companies Inc. boosted its stake in shares of F&G Annuities & Life by 23.4% in the second quarter. American Century Companies Inc. now owns 365,343 shares of the company’s stock valued at $11,684,000 after buying an additional 69,242 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of F&G Annuities & Life in the second quarter valued at approximately $1,916,000. Wedge Capital Management L L P NC acquired a new position in F&G Annuities & Life during the third quarter worth $1,434,000. Finally, Denali Advisors LLC raised its position in F&G Annuities & Life by 28.7% in the third quarter. Denali Advisors LLC now owns 223,161 shares of the company’s stock worth $6,978,000 after acquiring an additional 49,728 shares in the last quarter. Institutional investors and hedge funds own 95.86% of the company’s stock.

More F&G Annuities & Life News

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F&G Annuities & Life Company Profile

(Get Free Report)

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.

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