F&G Annuities & Life’s (FG) Hold (C+) Rating Reaffirmed at Weiss Ratings

Weiss Ratings reaffirmed their hold (c+) rating on shares of F&G Annuities & Life (NYSE:FG) in a research note issued to investors on Tuesday,Weiss Ratings reports.

FG has been the subject of several other research reports. Piper Sandler set a $33.00 price objective on F&G Annuities & Life in a research report on Tuesday, October 7th. Zacks Research raised F&G Annuities & Life from a “strong sell” rating to a “hold” rating in a research note on Monday, September 1st. Wall Street Zen cut F&G Annuities & Life from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Barclays lowered their target price on F&G Annuities & Life from $40.00 to $35.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $38.33.

F&G Annuities & Life Price Performance

F&G Annuities & Life stock opened at $30.14 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.26 and a quick ratio of 0.26. The company has a market capitalization of $4.06 billion, a PE ratio of 12.15 and a beta of 1.49. F&G Annuities & Life has a one year low of $28.78 and a one year high of $50.75. The business has a 50 day simple moving average of $33.24 and a 200 day simple moving average of $32.95.

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

F&G Annuities & Life Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.9%. F&G Annuities & Life’s payout ratio is 35.48%.

Insider Activity at F&G Annuities & Life

In related news, EVP Leena Punjabi sold 3,000 shares of F&G Annuities & Life stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $33.81, for a total transaction of $101,430.00. Following the completion of the sale, the executive vice president directly owned 64,064 shares of the company’s stock, valued at $2,166,003.84. The trade was a 4.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FG. Quarry LP acquired a new position in F&G Annuities & Life in the first quarter valued at about $44,000. Ameritas Investment Partners Inc. grew its stake in F&G Annuities & Life by 18.3% in the second quarter. Ameritas Investment Partners Inc. now owns 2,174 shares of the company’s stock valued at $70,000 after acquiring an additional 337 shares during the period. Cubist Systematic Strategies LLC acquired a new position in F&G Annuities & Life in the first quarter valued at about $89,000. CWM LLC grew its stake in F&G Annuities & Life by 737.0% in the second quarter. CWM LLC now owns 2,963 shares of the company’s stock valued at $95,000 after acquiring an additional 2,609 shares during the period. Finally, State of Wyoming acquired a new position in F&G Annuities & Life in the first quarter valued at about $96,000. 95.86% of the stock is owned by institutional investors and hedge funds.

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.