F&G Annuities & Life (NYSE:FG) Sets New 1-Year Low – Should You Sell?

F&G Annuities & Life, Inc. (NYSE:FG) shares hit a new 52-week low on Tuesday . The company traded as low as $28.82 and last traded at $28.94, with a volume of 191844 shares changing hands. The stock had previously closed at $29.17.

Analyst Ratings Changes

Several equities research analysts have commented on FG shares. Barclays lowered their price target on shares of F&G Annuities & Life from $40.00 to $35.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of F&G Annuities & Life in a report on Saturday, September 27th. Zacks Research raised shares of F&G Annuities & Life from a “strong sell” rating to a “hold” rating in a report on Monday, September 1st. Wall Street Zen lowered shares of F&G Annuities & Life from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Piper Sandler set a $33.00 price target on shares of F&G Annuities & Life in a report on Tuesday, October 7th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $38.33.

F&G Annuities & Life Stock Performance

The business’s 50-day simple moving average is $33.29 and its two-hundred day simple moving average is $32.97. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 11.67 and a beta of 1.49. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.49.

F&G Annuities & Life (NYSE:FG) last issued its quarterly earnings data on Tuesday, October 3rd. The company reported $1.45 earnings per share for the quarter. The business had revenue of $496.00 million during the quarter. F&G Annuities & Life had a net margin of 6.45% and a return on equity of 11.51%. As a group, sell-side analysts expect that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current fiscal year.

F&G Annuities & Life Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Tuesday, September 16th. F&G Annuities & Life’s dividend payout ratio is 35.48%.

Insider Buying and Selling at F&G Annuities & Life

In related news, EVP Leena Punjabi sold 3,000 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $33.81, for a total transaction of $101,430.00. Following the completion of the transaction, the executive vice president owned 64,064 shares in the company, valued at $2,166,003.84. This represents a 4.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Fidelity National Financial Inc. raised its position in shares of F&G Annuities & Life by 4.2% during the 1st quarter. Fidelity National Financial Inc. now owns 110,942,551 shares of the company’s stock worth $3,999,479,000 after purchasing an additional 4,500,000 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of F&G Annuities & Life during the 1st quarter worth about $1,527,000. Mutual Advisors LLC acquired a new position in shares of F&G Annuities & Life during the 1st quarter worth about $631,000. American Century Companies Inc. raised its position in shares of F&G Annuities & Life by 26.6% during the 1st quarter. American Century Companies Inc. now owns 296,101 shares of the company’s stock worth $10,674,000 after purchasing an additional 62,201 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of F&G Annuities & Life by 12.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 227,072 shares of the company’s stock worth $8,186,000 after purchasing an additional 25,570 shares during the last quarter. Institutional investors and hedge funds own 95.86% of the company’s stock.

About F&G Annuities & Life

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.