F&G Annuities & Life (NYSE:FG) Price Target Raised to $47.00

F&G Annuities & Life (NYSE:FG) had its price objective increased by Barclays from $46.00 to $47.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

Separately, Piper Sandler increased their target price on shares of F&G Annuities & Life from $40.00 to $46.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd.

F&G Annuities & Life Price Performance

Shares of FG stock opened at $41.51 on Monday. The firm has a fifty day moving average of $44.35 and a two-hundred day moving average of $42.54. F&G Annuities & Life has a 1-year low of $34.90 and a 1-year high of $50.75. The firm has a market cap of $5.23 billion, a P/E ratio of -691.72 and a beta of 1.47. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.25 and a quick ratio of 0.25.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.18 billion. F&G Annuities & Life had a net margin of 0.22% and a return on equity of 13.05%. During the same quarter in the prior year, the firm earned $0.96 EPS. As a group, research analysts anticipate that F&G Annuities & Life will post 4.43 earnings per share for the current fiscal year.

F&G Annuities & Life Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.88 annualized dividend and a yield of 2.12%. This is a boost from F&G Annuities & Life’s previous quarterly dividend of $0.21. F&G Annuities & Life’s dividend payout ratio (DPR) is currently -1,399.77%.

Institutional Investors Weigh In On F&G Annuities & Life

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of F&G Annuities & Life in the 3rd quarter worth approximately $6,369,000. American Century Companies Inc. increased its holdings in shares of F&G Annuities & Life by 218.2% in the second quarter. American Century Companies Inc. now owns 118,592 shares of the company’s stock valued at $4,512,000 after buying an additional 81,328 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of F&G Annuities & Life by 25.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 322,714 shares of the company’s stock valued at $12,282,000 after acquiring an additional 64,669 shares during the last quarter. Barclays PLC boosted its stake in shares of F&G Annuities & Life by 527.8% during the 3rd quarter. Barclays PLC now owns 42,524 shares of the company’s stock worth $1,902,000 after acquiring an additional 35,750 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of F&G Annuities & Life by 23.1% in the 3rd quarter. Principal Financial Group Inc. now owns 120,336 shares of the company’s stock worth $5,381,000 after acquiring an additional 22,550 shares during the last quarter. 95.86% of the stock is currently owned by institutional investors.

About F&G Annuities & Life

F&G Annuities & Life, Inc provides fixed annuities and life insurance products in the United States. The company portfolio includes fixed indexed annuities, multi-year guarantee annuities, and pension risk transfer solution, as well as indexed universal life insurance, institutional funding agreements, and index-linked annuities.