F&G Annuities & Life: Stock Analysis, Financial Metrics, and Insider Insights

F&G Annuities & Life, Inc. (NYSE: FG) has faced recent fluctuations in its stock price, notably hitting a 52-week low at $28.50 before stabilizing at $28.87. This decline marks a drop from its previous close of $29.23, with a trading volume of 78,431 shares. This trend highlights the ongoing market adjustments impacting the insurance industry.

Market Analyses and Broker Ratings

Brokerage firms have offered diverse perspectives on F&G. Barclays revised its target price from $40.00 to $35.00 while maintaining an "equal weight" rating. Weiss Ratings continued with a "hold (c)" position, and Piper Sandler pegged a price target of $33.00. Conversely, Zacks Research upgraded the firm to a "strong-buy," with Wall Street Zen promoting it to "buy." The consensus from MarketBeat.com stands at "Moderate Buy," with a combined average target price of $38.33.

Financial Metrics and Dividend Announcements

F&G Annuities & Life presents financial indicators with a 50-day moving average of $31.78 and a 200-day moving average of $32.11. The company boasts a market capitalization of $3.83 billion, with a price-to-earnings ratio of 8.34 and a beta of 1.46. In its October 3rd earnings report, the company revealed earnings per share of $1.45 on revenue of $496.00 million. Analysts predict an earnings per share of 5.54 for the fiscal year.

The firm also announced an increased quarterly dividend payout of $0.25, up from $0.22, offering an annualized dividend of $1.00 and a yield of 3.5%. The dividend payout ratio is calculated at 29.33%, demonstrating the company's focus on capital preservation and shareholder value.

Insider Transactions and Institutional Influence

CEO Christopher O. Blunt has reinforced his commitment by acquiring 5,000 shares at an average price of $29.56, totaling $147,800. This transaction increased his holdings by approximately 0.45%, underscoring confidence in the company's longevity and compliance strategies. Regulatory filings with the SEC detail this activity for further review.

Institutional investors and hedge funds have been actively managing their stakes in F&G Annuities & Life. Notable transactions include Harbor Capital Advisors Inc., GAMMA Investing LLC, and EverSource Wealth Advisors LLC increasing their positions, while the Pension Protection Fund initiated a new investment. Currently, institutional investors control 95.86% of the firm's shares.

Product Portfolio and Industry Position

Based in Des Moines, Iowa, F&G Annuities & Life, a subsidiary of F&G Financial Group, Inc., provides strategic retirement income solutions with emphasis on longevity risk, capital preservation, and wealth transfer. The company's products, including fixed indexed annuities, fixed-rate annuities, and various life insurance policies, position it as a key player in risk management and underwriting within the carrier domain. Industry professionals can delve into the company's filings for a comprehensive understanding of its position in the regulatory landscape.