F&G Annuities & Life (NYSE:FG) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of F&G Annuities & Life (NYSE:FG) from a buy rating to a hold rating in a research note released on Saturday morning.

Several other brokerages also recently weighed in on FG. Zacks Research upgraded shares of F&G Annuities & Life from a “strong sell” rating to a “hold” rating in a research report on Monday, September 1st. Piper Sandler set a $33.00 price objective on shares of F&G Annuities & Life in a research report on Tuesday, October 7th. Barclays cut their price objective on shares of F&G Annuities & Life from $40.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of F&G Annuities & Life in a research report on Saturday, September 27th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $38.33.

F&G Annuities & Life Trading Down 0.8%

F&G Annuities & Life stock opened at $28.94 on Friday. The firm’s 50-day moving average is $33.29 and its 200-day moving average is $32.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.26 and a current ratio of 0.26. F&G Annuities & Life has a 1 year low of $28.82 and a 1 year high of $50.75. The company has a market cap of $3.90 billion, a P/E ratio of 11.67 and a beta of 1.49.

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

F&G Annuities & Life Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders 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 annualized dividend and a yield of 3.0%. F&G Annuities & Life’s dividend payout ratio (DPR) is presently 35.48%.

Insider Buying and Selling

In other F&G Annuities & Life news, EVP Leena Punjabi sold 3,000 shares of the firm’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 transaction, the executive vice president owned 64,064 shares of the company’s stock, valued at approximately $2,166,003.84. This trade represents a 4.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On F&G Annuities & Life

Several large investors have recently bought and sold shares of the stock. Bleakley Financial Group LLC boosted its holdings in shares of F&G Annuities & Life by 2.7% in the first quarter. Bleakley Financial Group LLC now owns 11,282 shares of the company’s stock worth $407,000 after buying an additional 293 shares during the period. Voya Investment Management LLC boosted its holdings in shares of F&G Annuities & Life by 5.6% in the first quarter. Voya Investment Management LLC now owns 6,309 shares of the company’s stock worth $227,000 after buying an additional 334 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in shares of 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 worth $70,000 after buying an additional 337 shares during the period. Denali Advisors LLC boosted its holdings in shares of F&G Annuities & Life by 2.9% in the first quarter. Denali Advisors LLC now owns 12,864 shares of the company’s stock worth $464,000 after buying an additional 364 shares during the period. Finally, Iron Horse Wealth Management LLC boosted its holdings in shares of F&G Annuities & Life by 9.5% in the first quarter. Iron Horse Wealth Management LLC now owns 4,679 shares of the company’s stock worth $169,000 after buying an additional 404 shares during the period. 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.