F&G Annuities & Life (NYSE:FG) Posts Earnings Results, Beats Expectations By $0.03 EPS

F&G Annuities & Life (NYSE:FG) issued its quarterly earnings results on Wednesday. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.03, Zacks reports. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.18 billion. F&G Annuities & Life had a net margin of 0.22% and a return on equity of 13.93%. During the same period in the previous year, the business earned $0.96 EPS.

F&G Annuities & Life Stock Performance

NYSE FG traded up $0.83 during trading on Friday, reaching $46.05. The company’s stock had a trading volume of 74,198 shares, compared to its average volume of 56,661. F&G Annuities & Life has a 12 month low of $34.90 and a 12 month high of $48.71. The firm has a 50 day moving average price of $42.53 and a 200 day moving average price of $41.04. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of -767.37 and a beta of 1.32. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54.

F&G Annuities & Life Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Tuesday, December 17th. This is a boost from F&G Annuities & Life’s previous quarterly dividend of $0.21. F&G Annuities & Life’s payout ratio is presently -1,399.77%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on FG shares. Piper Sandler raised 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 note on Wednesday, October 2nd. Barclays raised their price target on F&G Annuities & Life from $44.00 to $46.00 and gave the company an “equal weight” rating in a report on Friday.

F&G Annuities & Life Company Profile

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.