F&G Annuities & Life (NYSE:FG) Reaches New 52-Week High at $41.66

F&G Annuities & Life, Inc. (NYSE:FG) reached a new 52-week high during trading on Tuesday . The company traded as high as $41.66 and last traded at $41.05, with a volume of 5487 shares trading hands. The stock had previously closed at $41.29.

Analysts Set New Price Targets

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 Trading Up 0.7 %

The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average of $30.88 and a 200-day moving average of $26.40. The stock has a market cap of $5.22 billion and a price-to-earnings ratio of 36.54.

F&G Annuities & Life Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.02%. This is an increase from F&G Annuities & Life’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, December 14th. F&G Annuities & Life’s payout ratio is currently 74.34%.

Insider Activity

In related news, CEO Christopher O. Blunt acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were acquired at an average cost of $26.38 per share, with a total value of $131,900.00. Following the purchase, the chief executive officer now owns 434,695 shares of the company’s stock, valued at $11,467,254.10. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Metropolitan Life Insurance Co NY bought a new stake in shares of F&G Annuities & Life in the second quarter valued at about $26,000. Chilton Capital Management LLC bought a new position in F&G Annuities & Life in the first quarter worth $29,000. Acadian Asset Management LLC bought a new position in F&G Annuities & Life in the first quarter worth $30,000. Vestcor Inc bought a new stake in F&G Annuities & Life in the 4th quarter valued at $32,000. Finally, Gladius Capital Management LP acquired a new position in shares of F&G Annuities & Life in the 1st quarter valued at $33,000. 96.46% of the stock is owned by institutional investors.

F&G Annuities & Life Company Profile

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.