Barclays Issues Positive Forecast for F&G Annuities & Life (NYSE:FG) Stock Price

F&G Annuities & Life (NYSE:FG) had its target price lifted by Barclays from $46.00 to $47.00 in a report released on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Separately, Piper Sandler boosted their target price on shares of F&G Annuities & Life from $40.00 to $46.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd.

F&G Annuities & Life Price Performance

NYSE FG opened at $41.51 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.25 and a quick ratio of 0.25. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of -691.72 and a beta of 1.47. The company has a 50 day simple moving average of $44.35 and a 200-day simple moving average of $42.54. F&G Annuities & Life has a 52-week low of $34.90 and a 52-week high of $50.75.

F&G Annuities & Life (NYSE:FG) last released its earnings results on Wednesday, November 6th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. F&G Annuities & Life had a net margin of 0.22% and a return on equity of 13.05%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the firm earned $0.96 EPS. Equities research analysts predict that F&G Annuities & Life will post 4.43 earnings per share for the current fiscal year.

F&G Annuities & Life Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were issued 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 was Tuesday, December 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.12%. F&G Annuities & Life’s dividend payout ratio is currently -1,399.77%.

Hedge Funds Weigh In On F&G Annuities & Life

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FG. Blue Trust Inc. lifted its stake in shares of F&G Annuities & Life by 1,386.8% in the third quarter. Blue Trust Inc. now owns 565 shares of the company’s stock worth $25,000 after buying an additional 527 shares during the last quarter. Iron Horse Wealth Management LLC raised its holdings in F&G Annuities & Life by 10.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 3,235 shares of the company’s stock worth $145,000 after acquiring an additional 312 shares during the period. SG Americas Securities LLC acquired a new stake in F&G Annuities & Life in the 3rd quarter valued at approximately $169,000. GSA Capital Partners LLP acquired a new stake in F&G Annuities & Life in the 3rd quarter worth $231,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of F&G Annuities & Life in the second quarter valued at about $215,000. 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.