F&G Annuities & Life, Inc. (FG) To Go Ex-Dividend on December 17th

F&G Annuities & Life, Inc. (NYSE:FG) declared a quarterly dividend on Friday, November 6th. Shareholders 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 annualized dividend 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 payout ratio of 17.5% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

FG opened at $23.41 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.48. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 3.10 and a beta of 1.20. F&G Annuities & Life has a 52-week low of $18.75 and a 52-week high of $35.33. The firm’s fifty day simple moving average is $21.81 and its two-hundred day simple moving average is $25.63.

F&G Annuities & Life (NYSE:FG) last released its 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 business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.51 billion. F&G Annuities & Life had a net margin of 18.90% and a return on equity of 8.92%. Equities analysts anticipate that F&G Annuities & Life will post 2.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of F&G Annuities & Life by 32.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,480,179 shares of the company’s stock worth $37,475,000 after buying an additional 358,616 shares in the last quarter. SEB Asset Management AB acquired a new stake in shares of F&G Annuities & Life in the first quarter valued at about $5,810,000. Edgestream Partners L.P. lifted its stake in shares of F&G Annuities & Life by 29.1% in the first quarter. Edgestream Partners L.P. now owns 191,759 shares of the company’s stock worth $4,855,000 after buying an additional 43,264 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of F&G Annuities & Life by 18.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 121,411 shares of the company’s stock worth $3,074,000 after buying an additional 18,746 shares in the last quarter. Finally, Crescent Grove Advisors LLC lifted its stake in shares of F&G Annuities & Life by 1.5% in the third quarter. Crescent Grove Advisors LLC now owns 67,297 shares of the company’s stock worth $1,459,000 after buying an additional 1,009 shares in the last quarter. Hedge funds and other institutional investors own 95.86% of the company’s stock.

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