F&G Annuities & Life’s (FG) Equal Weight Rating Reaffirmed at Stephens

Stephens reaffirmed their equal weight rating on shares of F&G Annuities & Life (NYSE:FG) in a research note issued to investors on Monday,Benzinga reports. Stephens currently has a $47.00 price objective on the stock.

Separately, Barclays increased their price target on F&G Annuities & Life from $46.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th.

F&G Annuities & Life Stock Up 1.9 %

Shares of NYSE FG opened at $40.94 on Monday. F&G Annuities & Life has a 52-week low of $34.90 and a 52-week high of $50.75. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.25 and a current ratio of 0.25. The business has a fifty day moving average of $43.30 and a two-hundred day moving average of $43.36. The stock has a market cap of $5.16 billion, a PE ratio of 8.44 and a beta of 1.65.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings results on Thursday, February 20th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.13). The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.34 billion. F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. As a group, equities research analysts expect 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 Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Monday, March 17th. F&G Annuities & Life’s dividend payout ratio is currently 18.14%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FG. Blue Trust Inc. lifted its stake in shares of F&G Annuities & Life by 1,386.8% during the third quarter. Blue Trust Inc. now owns 565 shares of the company’s stock valued at $25,000 after acquiring an additional 527 shares during the period. Federated Hermes Inc. lifted its position in F&G Annuities & Life by 476.6% during the 4th quarter. Federated Hermes Inc. now owns 888 shares of the company’s stock valued at $37,000 after purchasing an additional 734 shares during the period. BNP Paribas Financial Markets bought a new position in shares of F&G Annuities & Life in the 4th quarter valued at about $114,000. AlphaQuest LLC grew its position in shares of F&G Annuities & Life by 314,200.0% during the 4th quarter. AlphaQuest LLC now owns 3,143 shares of the company’s stock worth $130,000 after buying an additional 3,142 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of F&G Annuities & Life during the fourth quarter worth approximately $141,000. Institutional investors and hedge funds own 95.86% of the company’s stock.

F&G Annuities & Life Company Profile

F&G Annuities & Life, Inc engages in the provision of fixed annuity and life insurance products. It specializes in life insurance, annuities, retirement planning and wealth transfer. The company was founded in 1959 and is headquartered in Des Moines, IA.