Stock of the Day

November 20, 2019

F&G Annuities & Life (FG)

$32.14
-$0.24 (-0.7%)
Market Cap: $4.29B

About F&G Annuities & Life

F&G Annuities & Life, Inc. engages in the provision of fixed annuity and life insurance products. It specializes in life insurance, annuities, retirement planning and wealth transfer. The company was founded in 1959 and is headquartered in Des Moines, IA.

Today's Trend

F&G Annuities & Life, Inc. (FG) shares are trading lower today after the company reported quarterly results that missed expectations. Investors are reacting to a significant EPS and revenue shortfall, though the board also declared a quarterly cash dividend.

Bottom line for investors: the miss on EPS and revenue is the primary reason shares are down; the declared dividend is supportive but unlikely to offset concerns until management provides clearer signals on revenue trends, reserves and capital deployment in upcoming communications and guidance.