F&G Annuities & Life (NYSE:FG) Trading 3.3% Higher

F&G Annuities & Life, Inc. (NYSE:FG)’s stock price traded up 3.3% during trading on Friday . The stock traded as high as $27.18 and last traded at $27.13. 14,621 shares were traded during mid-day trading, a decline of 93% from the average session volume of 195,155 shares. The stock had previously closed at $26.27.

Wall Street Analyst Weigh In

Separately, Stephens restated an “equal weight” rating and issued a $19.00 target price on shares of F&G Annuities & Life in a research report on Wednesday, August 9th.

F&G Annuities & Life Stock Up 3.7 %

The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.62. The firm’s 50-day moving average price is $26.68 and its 200 day moving average price is $21.84.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.63 earnings per share (EPS) for the quarter. The company had revenue of $1.17 billion for the quarter. As a group, research analysts expect that F&G Annuities & Life, Inc. will post 3.18 EPS for the current year.

F&G Annuities & Life Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date is Thursday, September 14th.

Institutional Investors Weigh In On F&G Annuities & Life

Institutional investors have recently added to or reduced their stakes in the business. Madison Avenue Partners LP acquired a new position in shares of F&G Annuities & Life in the 4th quarter worth approximately $18,210,000. Basswood Capital Management L.L.C. lifted its position in shares of F&G Annuities & Life by 2,045.8% during the 1st quarter. Basswood Capital Management L.L.C. now owns 612,711 shares of the company’s stock valued at $11,102,000 after acquiring an additional 584,157 shares during the period. BlackRock Inc. lifted its position in shares of F&G Annuities & Life by 63.0% during the 2nd quarter. BlackRock Inc. now owns 1,288,241 shares of the company’s stock valued at $31,923,000 after acquiring an additional 497,749 shares during the period. Kennedy Capital Management LLC acquired a new position in shares of F&G Annuities & Life during the 2nd quarter valued at $9,054,000. Finally, Ancora Advisors LLC acquired a new position in shares of F&G Annuities & Life during the 4th quarter valued at $5,567,000. 96.46% of the stock is owned by institutional investors.

About F&G Annuities & Life

F&G Annuities & Life, Inc provides fixed annuities and life insurance products in the United States. It serves retail annuity and life customers, as well as institutional clients. The company portfolio includes fixed indexed annuities, multi-year guarantee annuities, and pension risk transfer solution, as well as indexed universal life insurance and institutional funding agreements.