F&G Annuities & Life (NYSE:FG) Price Target Lowered to $41.00 at Barclays

F&G Annuities & Life (NYSE:FG) had its price target decreased by Barclays from $47.00 to $41.00 in a research report released on Friday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Separately, Stephens reissued 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 Price Performance

F&G Annuities & Life stock opened at $33.48 on Friday. The stock has a 50-day moving average price of $40.11 and a two-hundred day moving average price of $42.51. F&G Annuities & Life has a 12 month low of $31.26 and a 12 month high of $50.75. The company has a market capitalization of $4.24 billion, a PE ratio of 6.90 and a beta of 1.83. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.46.

F&G Annuities & Life (NYSE:FG) last posted its earnings results on Thursday, February 20th. The company reported $1.12 EPS for the quarter, missing the consensus estimate 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. Analysts expect that F&G Annuities & Life will post 5.54 EPS for the current year.

F&G Annuities & Life Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Monday, March 17th. F&G Annuities & Life’s payout ratio is presently 18.14%.

Insider Buying and Selling at F&G Annuities & Life

In other F&G Annuities & Life news, EVP Michael L. Gravelle purchased 7,000 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was purchased at an average cost of $36.00 per share, for a total transaction of $252,000.00. Following the acquisition, the executive vice president now owns 33,540 shares in the company, valued at approximately $1,207,440. The trade was a 26.38 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder National Financial I. Fidelity acquired 4,500,000 shares of the stock in a transaction dated Monday, March 24th. The stock was acquired at an average cost of $33.60 per share, with a total value of $151,200,000.00. Following the completion of the transaction, the insider now owns 110,483,243 shares in the company, valued at approximately $3,712,236,964.80. This represents a 4.25 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 4,530,000 shares of company stock valued at $152,273,820. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On F&G Annuities & Life

Several institutional investors have recently added to or reduced their stakes in FG. Castlekeep Investment Advisors LLC bought a new stake in shares of F&G Annuities & Life in the 4th quarter valued at $72,007,000. State Street Corp grew its holdings in F&G Annuities & Life by 1.2% in the third quarter. State Street Corp now owns 413,210 shares of the company’s stock worth $18,479,000 after purchasing an additional 4,910 shares during the period. Dimensional Fund Advisors LP increased its stake in F&G Annuities & Life by 11.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 413,202 shares of the company’s stock valued at $17,123,000 after purchasing an additional 42,081 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of F&G Annuities & Life by 0.9% during the third quarter. Geode Capital Management LLC now owns 405,047 shares of the company’s stock valued at $18,117,000 after purchasing an additional 3,453 shares during the period. Finally, Norges Bank bought a new position in shares of F&G Annuities & Life during the 4th quarter worth about $14,321,000. 95.86% of the stock is 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.