F&G Annuities & Life Stock Overview: Trading Volume and Investor Insights
F&G Annuities & Life, Inc. (NYSE:FG) recently saw a remarkable uptick in trading volume, with approximately 606,671 shares exchanged—a 167% rise over the previous session. The stock's price shifted to $30.6650 from its prior close at $31.82, reflecting market dynamics that underscore the role of carrier performance in investor decision-making.
Several research analysts have revised their evaluations of F&G Annuities & Life. Wall Street Zen upgraded the stock to "buy" from "hold," while Zacks Research elevated it to a "strong-buy" on November 7. Piper Sandler set a price target of $33.00, and Barclays adjusted its target from $40.00 to $35.00, maintaining an "equal weight" rating. Weiss Ratings upheld a "hold (c)" rating. MarketBeat's consensus positions the stock at a "Moderate Buy" with an average target price of $38.33.
Financial Metrics and Regulatory Compliance
The company's financial health is illustrated by both a quick ratio and a current ratio of 0.27, alongside a debt-to-equity ratio of 0.45. F&G Annuities & Life boasts a market capitalization of $4.14 billion and a price-to-earnings ratio of 9.00, complemented by a beta of 1.44. Its 50-day and 200-day moving averages stand at $31.73 and $32.14, respectively.
In its latest earnings report, F&G Annuities & Life recorded earnings per share (EPS) of $1.45, a net margin of 8.40%, and a return on equity of 11.41%. The company's revenue for the quarter reached $496 million, with analysts predicting EPS to hit 5.54 for the current year. This underscores the significance of effective risk management in achieving favorable financial outcomes.
Dividends and Investor Activity
The firm declared a quarterly dividend of $0.25 per share, payable on December 31, increased from a prior $0.22. This results in an annualized dividend of $1.00 and a yield of 3.3%, with the payout ratio at 29.33%. In a sign of confidence, CEO Christopher O. Blunt acquired 5,000 shares at an average price of $29.88, bringing his total to 1,146,419 shares.
Institutional investor activity has been robust, with Ameriprise Financial Inc. notably boosting its stake by over 870% in the third quarter. Other key investors include Norges Bank, Interval Partners LP, Alyeska Investment Group L.P., and Millennium Management LLC, who collectively own 95.86% of the company. This concentration highlights the industry's focus on long-term strategic investments and compliance with regulatory standards.
F&G Annuities & Life, a subsidiary of F&G Financial Group, Inc., specializes in retirement income solutions. Their offerings, including fixed indexed and fixed-rate annuities, cater to both individual and institutional clients. These products are designed to manage longevity risk, preserve capital, and facilitate wealth transfer, which remain critical components in the broader insurance industry landscape.