F&G Annuities & Life Stock Performance and Financial Insights
On Friday, shares of F&G Annuities & Life, Inc. experienced a noteworthy decline of 4.3%, plummeting to a low of $31.43 and eventually closing at $31.5650. The trading volume was recorded at 196,879 shares, a 7% drop from the average daily volume of 211,422 shares. Notably, the previous closing price was $32.97.
Equity Research Insights
Recent equity research analyses have presented mixed valuations for F&G Annuities & Life. Barclays adjusted their target price from $40.00 to $35.00 while maintaining an "equal weight" status. Contrarily, Wall Street Zen upgraded its stance from "hold" to "buy," and Zacks Research elevated its opinion to a "strong-buy." Piper Sandler set a target price of $33.00. The prevailing consensus among analysts is a "Moderate Buy" with a median target price of $38.33.
Financial Metrics
With a market capitalization of $4.19 billion, F&G Annuities & Life boasts a debt-to-equity ratio of 0.45 and liquidity ratios—both quick and current—at 0.27. The company's price-to-earnings ratio is 9.11, and it features a beta of 1.45. The 50-day and 200-day moving averages are noted at $31.37 and $32.20, respectively, indicating performance trends.
Quarterly Financial Performance
In its latest financial disclosure on October 3rd, F&G Annuities & Life reported earnings per share of $1.45, with a return on equity at 11.41% and an 8.40% net margin. The quarterly revenue amounted to $496.00 million, with analysts projecting an EPS of 5.54 for this fiscal year. Additionally, the company announced a forthcoming quarterly dividend of $0.25 per share, with an annual yield of 3.2% and a payout ratio of 29.33%.
Insider Transactions and Institutional Investments
In terms of investment activity, CEO Christopher O. Blunt acquired 5,000 shares valued at $149,400, marking a 0.44% increase in his personal stake. Insiders collectively own 2.10% of the company’s stock. Institutional investors, including Harbor Capital Advisors Inc. and EverSource Wealth Advisors LLC, have also made notable adjustments to their holdings, reflecting shifts in the broader investment landscape among carriers and providers.
About F&G Annuities & Life
F&G Annuities & Life is an integral part of F&G Financial Group, Inc., headquartered in Des Moines and focusing on retirement income solutions. Their portfolio encompasses fixed indexed annuities with market-linked growth potential, fixed-rate annuities with guaranteed interest, and various life insurance types, including term, universal, and variable universal life policies. The company is renowned for its commitment to regulatory compliance requirements and strategic risk management in the industry.