F&G Annuities & Life (NYSE:FG) Price Target Cut to $42.00 by Analysts at Piper Sandler

F&G Annuities & Life (NYSE:FG) had its price objective cut by Piper Sandler from $43.00 to $42.00 in a report released on Friday, Benzinga reports. They currently have a neutral rating on the stock.

F&G Annuities & Life Price Performance

NYSE FG opened at $38.03 on Friday. F&G Annuities & Life has a twelve month low of $22.95 and a twelve month high of $48.71. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.21 and a current ratio of 0.21. The stock has a market capitalization of $4.80 billion, a PE ratio of 19.40 and a beta of 1.30. The stock has a 50-day simple moving average of $39.44 and a 200 day simple moving average of $41.08.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.03). F&G Annuities & Life had a return on equity of 13.22% and a net margin of 4.85%. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.21 billion. Research analysts anticipate that F&G Annuities & Life will post 4.3 EPS for the current year.

F&G Annuities & Life Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.84 annualized dividend and a yield of 2.21%. F&G Annuities & Life’s dividend payout ratio (DPR) is 42.86%.

Hedge Funds Weigh In On F&G Annuities & Life

Several large investors have recently added to or reduced their stakes in FG. Charles Schwab Investment Management Inc. raised its holdings in F&G Annuities & Life by 29.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 184,895 shares of the company’s stock valued at $5,188,000 after acquiring an additional 42,340 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in shares of F&G Annuities & Life by 436.6% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,481 shares of the company’s stock worth $42,000 after buying an additional 1,205 shares in the last quarter. Trexquant Investment LP raised its holdings in shares of F&G Annuities & Life by 121.6% in the 3rd quarter. Trexquant Investment LP now owns 31,120 shares of the company’s stock worth $873,000 after buying an additional 17,079 shares in the last quarter. Corton Capital Inc. acquired a new position in shares of F&G Annuities & Life in the 3rd quarter worth approximately $202,000. Finally, Vanguard Group Inc. raised its holdings in shares of F&G Annuities & Life by 41.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,457,972 shares of the company’s stock worth $40,911,000 after buying an additional 427,640 shares in the last quarter. Institutional investors and hedge funds own 95.86% of the company’s stock.

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.