Barclays began coverage on shares of F&G Annuities & Life (NYSE:FG – Free Report) in a report released on Wednesday, Marketbeat.com reports. The brokerage issued an equal weight rating and a $45.00 price target on the stock.
Separately, Piper Sandler dropped their price objective on shares of F&G Annuities & Life from $43.00 to $42.00 and set a neutral rating for the company in a report on Friday, June 28th.
Read Our Latest Analysis on FG
F&G Annuities & Life Trading Down 3.1 %
F&G Annuities & Life (NYSE:FG – Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.12. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.36 billion. F&G Annuities & Life had a net margin of 6.25% and a return on equity of 13.94%. On average, analysts expect that F&G Annuities & Life will post 4.47 EPS for the current year.
F&G Annuities & Life Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.21 dividend. The ex-dividend date is Monday, September 16th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.08%. F&G Annuities & Life’s dividend payout ratio is 42.86%.
Hedge Funds Weigh In On F&G Annuities & Life
A number of large investors have recently modified their holdings of FG. The Manufacturers Life Insurance Company raised its position in F&G Annuities & Life by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,088 shares of the company’s stock worth $574,000 after purchasing an additional 272 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of F&G Annuities & Life during the second quarter valued at $350,000. Denali Advisors LLC boosted its holdings in F&G Annuities & Life by 14,687.8% in the second quarter. Denali Advisors LLC now owns 17,006 shares of the company’s stock valued at $647,000 after acquiring an additional 16,891 shares during the last quarter. Dimensional Fund Advisors LP increased its position in F&G Annuities & Life by 25.1% in the second quarter. Dimensional Fund Advisors LP now owns 322,714 shares of the company’s stock worth $12,282,000 after purchasing an additional 64,669 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new stake in F&G Annuities & Life during the 2nd quarter worth about $215,000. 95.86% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Articles
- Five stocks we like better than F&G Annuities & Life
- How to Calculate Return on Investment (ROI)
- Is Merck Stock Undervalued After Its Colossal Earnings Growth?
- Upcoming IPO Stock Lockup Period, Explained
- Top 5 ETFs for Every Investor: From Semiconductors to Defense
- Trading Halts Explained
- Blade Air Mobility: This Under-the-Radar Stock Could Double Soon
Receive News & Ratings for F&G Annuities & Life Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F&G Annuities & Life and related companies with MarketBeat.com's FREE daily email newsletter.