F&G Annuities & Life (NYSE:FG) Sees Large Volume Increase – Still a Buy?

F&G Annuities & Life, Inc. (NYSE:FG) saw an uptick in trading volume on Monday . 66,597 shares traded hands during mid-day trading, a decline of 23% from the previous session’s volume of 86,458 shares.The stock last traded at $34.90 and had previously closed at $34.70.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FG. Stephens reaffirmed an “equal weight” rating and issued a $47.00 target price on shares of F&G Annuities & Life in a research report on Monday, February 24th. Barclays increased their target price on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th.

F&G Annuities & Life Trading Up 1.1 %

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 company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 7.23 and a beta of 1.72. The business’s 50 day simple moving average is $42.97 and its 200 day simple moving average is $43.26.

F&G Annuities & Life (NYSE:FG) last issued its earnings results on Thursday, February 20th. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.13). The firm 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%. Research analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.

F&G Annuities & Life Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Monday, March 17th. F&G Annuities & Life’s payout ratio is 18.14%.

Institutional Trading of F&G Annuities & Life

A number of institutional investors have recently added to or reduced their stakes in FG. Federated Hermes Inc. boosted its holdings in F&G Annuities & Life by 476.6% during the fourth quarter. Federated Hermes Inc. now owns 888 shares of the company’s stock worth $37,000 after buying an additional 734 shares in the last quarter. Blue Trust Inc. boosted its holdings in F&G Annuities & Life by 59.6% during the fourth quarter. Blue Trust Inc. now owns 902 shares of the company’s stock worth $40,000 after buying an additional 337 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of F&G Annuities & Life in the fourth quarter valued at about $114,000. AlphaQuest LLC lifted its holdings in shares of F&G Annuities & Life by 314,200.0% in the fourth quarter. AlphaQuest LLC now owns 3,143 shares of the company’s stock valued at $130,000 after purchasing an additional 3,142 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of F&G Annuities & Life in the fourth quarter valued at about $141,000. Hedge funds and other institutional investors own 95.86% of the company’s stock.

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.