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

Wall Street Zen cut shares of F&G Annuities & Life (NYSE:FG) from a buy rating to a hold rating in a research report sent to investors on Saturday.

FG has been the subject of a number of other research reports. Zacks Research lowered F&G Annuities & Life from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Weiss Ratings reissued a “hold (c)” rating on shares of F&G Annuities & Life in a report on Monday, December 29th. Piper Sandler set a $33.00 price objective on shares of F&G Annuities & Life in a report on Tuesday, October 7th. Finally, Barclays set a $31.00 price objective on shares of F&G Annuities & Life in a research report on Thursday. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, F&G Annuities & Life presently has an average rating of “Hold” and an average price target of $37.00.

F&G Annuities & Life Price Performance

Shares of NYSE:FG opened at $28.54 on Friday. The company has a market capitalization of $3.84 billion, a P/E ratio of 8.37 and a beta of 1.46. F&G Annuities & Life has a 1-year low of $27.72 and a 1-year high of $47.76. The firm’s 50 day simple moving average is $31.74 and its two-hundred day simple moving average is $32.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.27 and a quick ratio of 0.27.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings data on Tuesday, October 3rd. The company reported $1.45 EPS for the quarter. The firm had revenue of $496.00 million for the quarter. F&G Annuities & Life had a net margin of 8.40% and a return on equity of 11.41%. Research analysts expect that F&G Annuities & Life will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th were given a $0.25 dividend. This is a boost from F&G Annuities & Life’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a yield of 3.5%. The ex-dividend date was Wednesday, December 17th. F&G Annuities & Life’s dividend payout ratio (DPR) is presently 29.33%.

Insider Transactions at F&G Annuities & Life

In other F&G Annuities & Life news, CEO Christopher O. Blunt acquired 5,000 shares of the stock in a transaction on Friday, January 2nd. The stock was acquired at an average price of $29.56 per share, for a total transaction of $147,800.00. Following the completion of the transaction, the chief executive officer directly owned 1,117,396 shares of the company’s stock, valued at $33,030,225.76. This trade represents a 0.45% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in F&G Annuities & Life by 12.6% during the third quarter. Dimensional Fund Advisors LP now owns 840,969 shares of the company’s stock worth $26,299,000 after acquiring an additional 94,394 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of F&G Annuities & Life by 870.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 642,313 shares of the company’s stock worth $20,085,000 after purchasing an additional 576,102 shares during the period. Geode Capital Management LLC increased its position in shares of F&G Annuities & Life by 12.6% during the 2nd quarter. Geode Capital Management LLC now owns 509,212 shares of the company’s stock valued at $16,286,000 after purchasing an additional 57,032 shares during the last quarter. American Century Companies Inc. raised its holdings in F&G Annuities & Life by 23.4% during the 2nd quarter. American Century Companies Inc. now owns 365,343 shares of the company’s stock valued at $11,684,000 after buying an additional 69,242 shares during the period. Finally, Norges Bank purchased a new stake in F&G Annuities & Life during the 2nd quarter valued at $8,503,000. Institutional investors own 95.86% of the company’s stock.

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.