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

F&G Annuities & Life, Inc. (NYSE:FG) saw strong trading volume on Monday . 66,597 shares were traded 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.

Analyst Upgrades and Downgrades

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

F&G Annuities & Life Stock Performance

The business has a fifty day moving average of $42.75 and a 200-day moving average of $43.18. The company has a market cap of $4.45 billion, a PE ratio of 7.24 and a beta of 1.72. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.46.

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

F&G Annuities & Life Announces Dividend

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

Insider Activity

In other news, CEO Christopher O. Blunt bought 10,000 shares of the stock in a transaction dated Tuesday, March 25th. The stock was bought at an average price of $35.65 per share, for a total transaction of $356,500.00. Following the purchase, the chief executive officer now directly owns 839,584 shares in the company, valued at $29,931,169.60. This trade represents a 1.21 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On F&G Annuities & Life

Institutional investors have recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC purchased a new stake in shares of F&G Annuities & Life in the 4th quarter worth about $72,007,000. State Street Corp grew its holdings in F&G Annuities & Life by 1.2% in the third quarter. State Street Corp now owns 413,210 shares of the company’s stock worth $18,479,000 after purchasing an additional 4,910 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of F&G Annuities & Life by 11.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 413,202 shares of the company’s stock valued at $17,123,000 after purchasing an additional 42,081 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of F&G Annuities & Life by 0.9% during the third quarter. Geode Capital Management LLC now owns 405,047 shares of the company’s stock valued at $18,117,000 after purchasing an additional 3,453 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of F&G Annuities & Life in the 4th quarter worth approximately $14,321,000. 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.