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

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

Separately, Barclays cut their price objective on F&G Annuities & Life from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, July 7th.

F&G Annuities & Life Price Performance

Shares of F&G Annuities & Life stock opened at $30.70 on Monday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average price is $31.78 and its two-hundred day moving average price is $36.42. F&G Annuities & Life has a 52 week low of $30.01 and a 52 week high of $50.75. The stock has a market cap of $4.14 billion, a PE ratio of 8.14 and a beta of 1.55.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.47). The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $1.46 billion. F&G Annuities & Life had a return on equity of 12.89% and a net margin of 9.90%. As a group, sell-side analysts anticipate that F&G Annuities & Life will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $0.88 annualized dividend and a yield of 2.87%. F&G Annuities & Life’s dividend payout ratio (DPR) is presently 23.34%.

Insiders Place Their Bets

In other F&G Annuities & Life news, CEO Christopher O. Blunt bought 15,000 shares of the stock in a transaction on Thursday, May 15th. The shares were bought at an average price of $30.78 per share, with a total value of $461,700.00. Following the purchase, the chief executive officer directly owned 889,964 shares in the company, valued at $27,393,091.92. The trade was a 1.71% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders bought 45,000 shares of company stock worth $1,399,900. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On F&G Annuities & Life

Institutional investors have recently made changes to their positions in the company. Castlekeep Investment Advisors LLC acquired a new stake in F&G Annuities & Life in the 4th quarter worth approximately $1,717,000. Mutual Advisors LLC acquired a new stake in F&G Annuities & Life in the 1st quarter worth approximately $631,000. GAMMA Investing LLC lifted its holdings in F&G Annuities & Life by 4,236.3% in the 1st quarter. GAMMA Investing LLC now owns 12,185 shares of the company’s stock worth $439,000 after purchasing an additional 11,904 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in F&G Annuities & Life by 11.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 413,202 shares of the company’s stock worth $17,123,000 after purchasing an additional 42,081 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in F&G Annuities & Life by 311.5% in the 4th quarter. Millennium Management LLC now owns 50,443 shares of the company’s stock worth $2,090,000 after purchasing an additional 38,185 shares during the last quarter. 95.86% of the stock is currently owned by institutional investors and hedge funds.

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.