F&G Annuities & Life (NYSE:FG) Sets New 1-Year Low – Should You Sell?

Shares of F&G Annuities & Life, Inc. (NYSE:FG) reached a new 52-week low during trading on Tuesday . The company traded as low as $28.82 and last traded at $28.94, with a volume of 191844 shares trading hands. The stock had previously closed at $29.17.

Analyst Upgrades and Downgrades

A number of research firms have commented on FG. Barclays cut their price objective on shares of F&G Annuities & Life from $40.00 to $35.00 and set an “equal weight” rating for the company in a report on Wednesday, October 8th. Zacks Research upgraded shares of F&G Annuities & Life from a “strong sell” rating to a “hold” rating in a report on Monday, September 1st. Piper Sandler set a $33.00 price objective on shares of F&G Annuities & Life in a report on Tuesday, October 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of F&G Annuities & Life in a report on Saturday, September 27th. Finally, Wall Street Zen downgraded shares of F&G Annuities & Life from a “buy” rating to a “hold” rating in a report on Saturday. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $38.33.

F&G Annuities & Life Stock Performance

The firm’s 50 day moving average price is $33.29 and its two-hundred day moving average price is $32.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.26 and a current ratio of 0.26. The firm has a market cap of $3.90 billion, a PE ratio of 11.67 and a beta of 1.49.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings data on Tuesday, October 3rd. The company reported $1.45 earnings per share for the quarter. The firm had revenue of $496.00 million during the quarter. F&G Annuities & Life had a net margin of 6.45% and a return on equity of 11.51%. On average, research analysts forecast that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current year.

F&G Annuities & Life Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.0%. F&G Annuities & Life’s dividend payout ratio (DPR) is presently 35.48%.

Insider Buying and Selling at F&G Annuities & Life

In related news, EVP Leena Punjabi sold 3,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $33.81, for a total transaction of $101,430.00. Following the completion of the transaction, the executive vice president owned 64,064 shares of the company’s stock, valued at approximately $2,166,003.84. This trade represents a 4.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On F&G Annuities & Life

A number of hedge funds have recently made changes to their positions in FG. GAMMA Investing LLC lifted its holdings in F&G Annuities & Life by 4,236.3% during the 1st quarter. GAMMA Investing LLC now owns 12,185 shares of the company’s stock worth $439,000 after buying an additional 11,904 shares in the last quarter. Crescent Grove Advisors LLC raised its holdings in shares of F&G Annuities & Life by 7.4% in the 1st quarter. Crescent Grove Advisors LLC now owns 32,749 shares of the company’s stock valued at $1,181,000 after purchasing an additional 2,270 shares in the last quarter. Cannon Global Investment Management LLC acquired a new stake in shares of F&G Annuities & Life in the 1st quarter valued at $270,000. Teacher Retirement System of Texas raised its holdings in shares of F&G Annuities & Life by 4.4% in the 1st quarter. Teacher Retirement System of Texas now owns 84,265 shares of the company’s stock valued at $3,038,000 after purchasing an additional 3,588 shares in the last quarter. Finally, Mutual Advisors LLC acquired a new stake in shares of F&G Annuities & Life in the 1st quarter valued at $631,000. Hedge funds and other institutional investors own 95.86% of the company’s stock.

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.