F&G Annuities & Life (NYSE:FG) Shares Gap Down – Here’s Why

F&G Annuities & Life, Inc. (NYSE:FG)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $42.74, but opened at $38.00. F&G Annuities & Life shares last traded at $38.05, with a volume of 50,452 shares.

Wall Street Analyst Weigh In

A number of analysts have commented on FG shares. Stephens reissued an “equal weight” rating and issued a $47.00 target price on shares of F&G Annuities & Life in a report on Monday, February 24th. Barclays lifted their target price on F&G Annuities & Life from $46.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th.

F&G Annuities & Life Stock Down 4.6 %

The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.46. The company has a market cap of $4.41 billion, a P/E ratio of 7.17 and a beta of 1.72. The company 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 issued its quarterly earnings data on Thursday, February 20th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.13). F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.34 billion. On average, 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 2.53%. The ex-dividend date is Monday, March 17th. F&G Annuities & Life’s payout ratio is currently 18.14%.

Institutional Trading of F&G Annuities & Life

Hedge funds have recently bought and sold shares of the stock. Federated Hermes Inc. grew 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 valued at $37,000 after purchasing an additional 734 shares during the period. Blue Trust Inc. grew 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 valued at $40,000 after purchasing an additional 337 shares during the period. BNP Paribas Financial Markets bought a new stake in F&G Annuities & Life during the fourth quarter valued at about $114,000. AlphaQuest LLC grew its holdings in F&G Annuities & Life by 314,200.0% during 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 during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in F&G Annuities & Life during the fourth quarter valued at about $141,000. Institutional investors own 95.86% of the company’s stock.

About F&G Annuities & Life

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.