F&G Annuities & Life (NYSE:FG) Shares Gap Down – What’s Next?

Shares of F&G Annuities & Life, Inc. (NYSE:FG) gapped down before the market opened on Thursday . The stock had previously closed at $42.74, but opened at $38.00. F&G Annuities & Life shares last traded at $38.05, with a volume of 50,452 shares trading hands.

Analyst Ratings Changes

FG has been the topic of several research analyst reports. Barclays raised their price objective on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Stephens restated an “equal weight” rating and issued a $47.00 price objective on shares of F&G Annuities & Life in a research note on Monday, February 24th.

F&G Annuities & Life Stock Performance

The firm’s 50 day moving average price is $43.16 and its 200-day moving average price is $43.37. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 7.92 and a beta of 1.72. 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 posted its quarterly earnings results on Thursday, February 20th. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.13). F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.34 billion. On average, analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current year.

F&G Annuities & Life Announces Dividend

The firm also recently declared 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 2.29%. F&G Annuities & Life’s dividend payout ratio is currently 18.14%.

Institutional Investors Weigh In On F&G Annuities & Life

Institutional investors have recently bought and sold shares of the business. Federated Hermes Inc. boosted its stake in F&G Annuities & Life by 476.6% during the fourth quarter. Federated Hermes Inc. now owns 888 shares of the company’s stock worth $37,000 after buying an additional 734 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of F&G Annuities & Life by 59.6% during the fourth quarter. Blue Trust Inc. now owns 902 shares of the company’s stock valued at $40,000 after acquiring an additional 337 shares during the period. BNP Paribas Financial Markets bought a new position in shares of F&G Annuities & Life during the fourth quarter valued at $114,000. AlphaQuest LLC lifted its holdings in shares of F&G Annuities & Life by 314,200.0% during the fourth quarter. AlphaQuest LLC now owns 3,143 shares of the company’s stock valued at $130,000 after acquiring an additional 3,142 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in shares of F&G Annuities & Life during the fourth quarter valued at $141,000. 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.