F&G Annuities & Life, Inc. (FG) to Issue Quarterly Dividend of $0.25 on June 30th

F&G Annuities & Life, Inc. (NYSE:FG) announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Tuesday, June 16th will be paid a dividend of 0.25 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, June 16th.

F&G Annuities & Life has a payout ratio of 17.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect F&G Annuities & Life to earn $4.25 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 23.5%.

F&G Annuities & Life Stock Performance

Shares of NYSE FG opened at $28.89 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market cap of $3.83 billion, a P/E ratio of 7.58 and a beta of 1.22. The firm’s fifty day moving average is $27.37 and its two-hundred day moving average is $27.86. F&G Annuities & Life has a 52-week low of $20.57 and a 52-week high of $36.70.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $1.46 billion. F&G Annuities & Life had a net margin of 8.89% and a return on equity of 10.73%. As a group, analysts anticipate that F&G Annuities & Life will post 3.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Zacks Research upgraded shares of F&G Annuities & Life to a “hold” rating in a report on Thursday, May 7th. Wall Street Zen downgraded shares of F&G Annuities & Life from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Raymond James Financial started coverage on shares of F&G Annuities & Life in a report on Wednesday, May 6th. They issued a “market perform” rating on the stock. Weiss Ratings restated a “hold (c)” rating on shares of F&G Annuities & Life in a report on Friday, March 27th. Finally, Barclays reduced their target price on shares of F&G Annuities & Life from $31.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, F&G Annuities & Life currently has a consensus rating of “Hold” and a consensus target price of $30.00.

F&G Annuities & Life Company Profile

F&G Annuities & Life is the principal life insurance and annuity subsidiary of F&G Financial Group, Inc (NYSE: FG), a publicly traded financial services holding company headquartered in Des Moines, Iowa. The company focuses on designing and issuing retirement income solutions that address longevity risk, capital preservation, and wealth transfer for individual and institutional clients.

Its product suite includes fixed indexed annuities, which offer the potential for market-linked growth with downside protection; fixed-rate annuities, delivering guaranteed interest over a defined term; and a range of life insurance policies such as term, universal, and variable universal life.