F&G Annuities & Life (NYSE:FG) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of F&G Annuities & Life (NYSE:FG) from a buy rating to a hold rating in a research note published on Saturday morning.

Several other equities analysts have also recently weighed in on FG. Barclays lowered their price objective on shares of F&G Annuities & Life from $40.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Piper Sandler set a $33.00 target price on shares of F&G Annuities & Life in a research note on Tuesday. Zacks Research upgraded shares of F&G Annuities & Life from a “strong sell” rating to a “hold” rating in a research note on Monday, September 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of F&G Annuities & Life in a research note on Saturday, September 27th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $38.33.

F&G Annuities & Life Price Performance

Shares of NYSE:FG opened at $29.16 on Friday. The firm’s 50 day moving average price is $33.34 and its 200-day moving average price is $33.04. F&G Annuities & Life has a twelve month low of $29.11 and a twelve month high of $50.75. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $3.93 billion, a PE ratio of 11.76 and a beta of 1.49.

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

F&G Annuities & Life Dividend Announcement

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

Insider Activity

In other news, EVP Leena Punjabi sold 3,000 shares of F&G Annuities & Life 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 sale, the executive vice president owned 64,064 shares in the company, valued at $2,166,003.84. This trade represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On F&G Annuities & Life

Several institutional investors and hedge funds have recently modified their holdings of FG. GAMMA Investing LLC raised its position in shares of F&G Annuities & Life by 4,236.3% during the first quarter. GAMMA Investing LLC now owns 12,185 shares of the company’s stock valued at $439,000 after buying an additional 11,904 shares during the last quarter. Crescent Grove Advisors LLC raised its position in shares of F&G Annuities & Life by 7.4% during the first quarter. Crescent Grove Advisors LLC now owns 32,749 shares of the company’s stock valued at $1,181,000 after buying an additional 2,270 shares during the last quarter. Cannon Global Investment Management LLC bought a new stake in shares of F&G Annuities & Life during the first quarter valued at approximately $270,000. Teacher Retirement System of Texas raised its position in shares of F&G Annuities & Life by 4.4% during the first quarter. Teacher Retirement System of Texas now owns 84,265 shares of the company’s stock valued at $3,038,000 after buying an additional 3,588 shares during the last quarter. Finally, Mutual Advisors LLC bought a new stake in shares of F&G Annuities & Life during the first quarter valued at approximately $631,000. 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.