F&G Annuities & Life, Inc. (FG) To Go Ex-Dividend on December 17th

F&G Annuities & Life, Inc. (NYSE:FG) declared a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Stockholders of record on Tuesday, December 17th will be paid a dividend of 0.22 per share on Tuesday, December 31st. This represents a $0.88 annualized dividend and a dividend yield of 1.97%. 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 has a payout ratio of 16.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect F&G Annuities & Life to earn $5.54 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 15.9%.

F&G Annuities & Life Stock Up 1.9 %

Shares of NYSE FG opened at $44.64 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $44.65 and its two-hundred day moving average is $42.14. F&G Annuities & Life has a 52-week low of $34.90 and a 52-week high of $50.75. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of -744.00 and a beta of 1.47.

F&G Annuities & Life (NYSE:FG) last released its earnings results on Wednesday, November 6th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.03. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.18 billion. F&G Annuities & Life had a return on equity of 13.05% and a net margin of 0.22%. During the same period in the previous year, the company posted $0.96 EPS. Research analysts predict that F&G Annuities & Life will post 4.43 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FG. Barclays boosted their price objective on F&G Annuities & Life from $44.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Piper Sandler lifted their price target on shares of F&G Annuities & Life from $40.00 to $46.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd.

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.