F&G Annuities & Life (NYSE:FG) Sees Large Volume Increase – Still a Buy?

F&G Annuities & Life, Inc. (NYSE:FG) shares saw strong trading volume on Monday . 66,597 shares traded hands during trading, a decline of 23% from the previous session’s volume of 86,458 shares.The stock last traded at $34.90 and had previously closed at $34.70.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Barclays upped their price target on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Stephens reissued an “equal weight” rating and issued a $47.00 price objective on shares of F&G Annuities & Life in a research report on Monday, February 24th.

F&G Annuities & Life Stock Up 1.1 %

The firm has a market capitalization of $4.45 billion, a PE ratio of 7.23 and a beta of 1.72. The firm’s 50 day moving average price is $42.97 and its two-hundred day moving average price is $43.26. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.46.

F&G Annuities & Life (NYSE:FG) last announced its earnings results on Thursday, February 20th. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.13). F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.34 billion. As a group, research analysts forecast that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.88 dividend on an annualized basis and a yield of 2.51%. F&G Annuities & Life’s dividend payout ratio (DPR) is 18.14%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Castlekeep Investment Advisors LLC acquired a new stake in shares of F&G Annuities & Life during the fourth quarter worth $72,007,000. Norges Bank acquired a new stake in shares of F&G Annuities & Life during the fourth quarter worth $14,321,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of F&G Annuities & Life during the third quarter worth $6,369,000. Fisher Funds Management LTD acquired a new stake in shares of F&G Annuities & Life during the fourth quarter worth $5,421,000. Finally, Kelly Financial Group LLC acquired a new stake in shares of F&G Annuities & Life during the fourth quarter worth $4,144,000. 95.86% of the stock is currently owned by institutional investors.

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.