F&G Annuities & Life (NYSE:FG) Issues Earnings Results

F&G Annuities & Life (NYSE:FG) issued its earnings results on Wednesday. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03, Zacks reports. F&G Annuities & Life had a net margin of 0.22% and a return on equity of 13.93%. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the business posted $0.96 EPS.

F&G Annuities & Life Stock Performance

Shares of F&G Annuities & Life stock traded up $0.83 during trading on Friday, reaching $46.05. The company’s stock had a trading volume of 74,198 shares, compared to its average volume of 56,661. F&G Annuities & Life has a one year low of $34.90 and a one year high of $48.71. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of -767.37 and a beta of 1.32. The business’s fifty day moving average price is $42.53 and its 200-day moving average price is $41.04.

F&G Annuities & Life Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.22 per share. This is a positive change from F&G Annuities & Life’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.88 dividend on an annualized basis and a yield of 1.91%. F&G Annuities & Life’s payout ratio is currently -1,399.77%.

Analysts Set New Price Targets

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

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.