F&G Annuities & Life, Inc. (NYSE:FG) to Issue $0.25 Quarterly Dividend

F&G Annuities & Life, Inc. (NYSE:FG) announced a quarterly dividend on Friday, February 20th. Shareholders of record on Tuesday, March 17th will be paid a dividend of 0.25 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, March 17th.

F&G Annuities & Life has a dividend payout ratio of 17.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect F&G Annuities & Life to earn $6.10 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 16.4%.

F&G Annuities & Life Trading Down 7.9%

Shares of NYSE:FG traded down $2.18 during trading on Friday, hitting $25.50. 1,028,259 shares of the company’s stock were exchanged, compared to its average volume of 815,558. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.45. The firm has a market cap of $3.43 billion, a P/E ratio of 7.48 and a beta of 1.46. The firm has a 50-day moving average price of $29.54 and a two-hundred day moving average price of $31.34. F&G Annuities & Life has a 1-year low of $24.40 and a 1-year high of $44.36.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings data on Thursday, February 19th. The company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.43). The business had revenue of $739.00 million during the quarter, compared to analyst estimates of $1.55 billion. F&G Annuities & Life had a net margin of 8.40% and a return on equity of 11.41%. Equities analysts predict that F&G Annuities & Life will post 5.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on FG shares. Wall Street Zen upgraded F&G Annuities & Life from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Barclays set a $31.00 price target on F&G Annuities & Life in a research note on Thursday, January 8th. Zacks Research lowered shares of F&G Annuities & Life from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of F&G Annuities & Life in a report on Monday, December 29th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $37.00.

F&G Annuities & Life Company Profile

F&G Annuities & Life is the principal life insurance and annuity subsidiary of F&G Financial Group, Inc (NYSE: FG), a publicly traded financial services holding company headquartered in Des Moines, Iowa. The company focuses on designing and issuing retirement income solutions that address longevity risk, capital preservation, and wealth transfer for individual and institutional clients.

Its product suite includes fixed indexed annuities, which offer the potential for market-linked growth with downside protection; fixed-rate annuities, delivering guaranteed interest over a defined term; and a range of life insurance policies such as term, universal, and variable universal life.