F&G Annuities & Life (NYSE:FG) Reaches New 12-Month Low – Here’s What Happened

F&G Annuities & Life, Inc. (NYSE:FG)’s stock price reached a new 52-week low on Friday . The company traded as low as $34.08 and last traded at $34.44, with a volume of 1258221 shares. The stock had previously closed at $36.44.

Analyst Ratings Changes

A number of research firms have weighed in on FG. Barclays upped 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. Stephens reissued an “equal weight” rating and issued a $47.00 price objective on shares of F&G Annuities & Life in a report on Monday, February 24th.

F&G Annuities & Life Trading Down 4.2 %

The firm has a fifty day moving average price of $43.06 and a 200 day moving average price of $43.32. The company has a market cap of $4.42 billion, a price-to-earnings ratio of 7.19 and a beta of 1.72. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.25 and a current ratio of 0.25.

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). F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.34 billion. As a group, equities analysts predict that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Monday, March 17th. F&G Annuities & Life’s dividend payout ratio is 18.14%.

Institutional Investors Weigh In On F&G Annuities & Life

Hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its position in F&G Annuities & Life by 23.1% during the 3rd quarter. Principal Financial Group Inc. now owns 120,336 shares of the company’s stock worth $5,381,000 after buying an additional 22,550 shares during the period. GSA Capital Partners LLP bought a new position in F&G Annuities & Life during the 3rd quarter worth $231,000. Oppenheimer Asset Management Inc. increased its position in F&G Annuities & Life by 34.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 7,580 shares of the company’s stock worth $339,000 after buying an additional 1,937 shares during the period. Charles Schwab Investment Management Inc. increased its position in F&G Annuities & Life by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 201,582 shares of the company’s stock worth $9,015,000 after buying an additional 10,584 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in F&G Annuities & Life during the 3rd quarter worth $381,000. 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.