F&G Annuities & Life (NYSE:FG) Reaches New 12-Month Low – Time to Sell?

F&G Annuities & Life, Inc. (NYSE:FG) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $34.08 and last traded at $34.44, with a volume of 1258221 shares. The stock had previously closed at $36.44.

Analyst Ratings Changes

Several research analysts have recently commented on FG shares. Stephens reiterated an “equal weight” rating and set a $47.00 price target on shares of F&G Annuities & Life in a report on Monday, February 24th. Barclays raised their price objective on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th.

F&G Annuities & Life Stock Down 4.6 %

The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 7.17 and a beta of 1.72. 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 business has a fifty day moving average of $42.97 and a 200 day moving average of $43.25.

F&G Annuities & Life (NYSE:FG) last posted its earnings results on Thursday, February 20th. The company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.13). The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.34 billion. F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. As a group, equities analysts predict that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current year.

F&G Annuities & Life Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.22 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.88 dividend on an annualized basis and a yield of 2.53%. F&G Annuities & Life’s payout ratio is currently 18.14%.

Institutional Investors Weigh In On F&G Annuities & Life

A number of institutional investors have recently made changes to their positions in FG. Ameriflex Group Inc. acquired a new position in shares of F&G Annuities & Life in the 4th quarter worth approximately $144,000. Mackenzie Financial Corp purchased a new stake in F&G Annuities & Life in the fourth quarter valued at approximately $210,000. Castlekeep Investment Advisors LLC acquired a new position in F&G Annuities & Life during the fourth quarter worth $1,717,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of F&G Annuities & Life by 16.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 50,056 shares of the company’s stock worth $2,074,000 after buying an additional 7,076 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in shares of F&G Annuities & Life by 60.6% in the fourth quarter. Point72 Asset Management L.P. now owns 18,713 shares of the company’s stock valued at $775,000 after buying an additional 7,063 shares in the last quarter. 95.86% of the stock is currently owned by institutional investors and hedge funds.

F&G Annuities & Life Company Profile

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.