F&G Annuities & Life, Inc. (NYSE:FG) Increases Dividend to $0.26 Per Share

F&G Annuities & Life, Inc. (NYSE:FG) announced a quarterly dividend on Friday, November 6th. Investors of record on Thursday, December 17th will be given a dividend of $0.26 per share on Thursday, December 31st. This represents a $1.04 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Thursday, December 17th. This is a 4.0% increase from F&G Annuities & Life’s previous quarterly dividend of $0.25.

F&G Annuities & Life has a dividend payout ratio of 17.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect F&G Annuities & Life to earn $4.08 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 24.5%.

F&G Annuities & Life Trading Up 8.0%

Shares of F&G Annuities & Life stock opened at $23.41 on Friday. F&G Annuities & Life has a 1 year low of $18.75 and a 1 year high of $35.33. The business has a fifty day simple moving average of $21.81 and a two-hundred day simple moving average of $25.63. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.30 and a quick ratio of 0.30. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 3.10 and a beta of 1.20.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.08. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.51 billion. F&G Annuities & Life had a return on equity of 10.28% and a net margin of 6.89%. Research analysts forecast that F&G Annuities & Life will post 2.93 EPS for the current year.

Analyst Upgrades and Downgrades

FG has been the topic of several research analyst reports. Weiss Ratings lowered shares of F&G Annuities & Life from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Zacks Research downgraded F&G Annuities & Life from a “hold” rating to a “strong sell” rating in a report on Thursday, September 3rd. Finally, Barclays decreased their price objective on F&G Annuities & Life from $27.00 to $24.00 and set an “equal weight” rating for the company in a report on Wednesday, October 7th. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $24.00.

F&G Annuities & Life Company Profile