F&G Annuities & Life (NYSE:FG) Reaches New 12-Month Low – Here’s What Happened

F&G Annuities & Life, Inc. (NYSE:FG) hit a new 52-week low during trading on Friday . The company traded as low as $34.08 and last traded at $34.44, with a volume of 1258221 shares traded. The stock had previously closed at $36.44.

Wall Street Analysts Forecast Growth

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

F&G Annuities & Life Stock Down 4.2 %

The firm has a 50 day moving average of $43.06 and a two-hundred day moving average of $43.32. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 7.19 and a beta of 1.72. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.46.

F&G Annuities & Life (NYSE:FG) last released its quarterly earnings data on Thursday, February 20th. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.13). The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.34 billion. F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. As a group, sell-side analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.52%. The ex-dividend date is Monday, March 17th. F&G Annuities & Life’s dividend payout ratio (DPR) is presently 18.14%.

Institutional Trading of F&G Annuities & Life

A number of hedge funds have recently made changes to their positions in the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of F&G Annuities & Life during the fourth quarter valued at about $72,007,000. State Street Corp boosted its stake in shares of F&G Annuities & Life by 1.2% during the third quarter. State Street Corp now owns 413,210 shares of the company’s stock valued at $18,479,000 after purchasing an additional 4,910 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of F&G Annuities & Life by 11.3% during 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 boosted its stake 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 in the last quarter. Finally, Norges Bank acquired a new stake in shares of F&G Annuities & Life during the fourth quarter valued at 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.