Strs Ohio Acquires Shares of 14,200 F&G Annuities & Life, Inc. $FG

Key Points

• Strs Ohio has acquired 14,200 shares of F&G Annuities & Life, Inc. for approximately $512,000, indicating growing interest from institutional investors.
• F&G Annuities recently reported a profit of $0.77 per share, exceeding estimates and contributing to a revenue of $2.74 billion for the quarter.
• The company has declared a quarterly dividend of $0.22 per share, with a dividend yield of 2.7%, reflecting a payout ratio of 35.48%.

Strs Ohio acquired a new position in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 14,200 shares of the company's stock, valued at approximately $512,000.

Several other hedge funds and other institutional investors have also bought and sold shares of FG. Quarry LP bought a new stake in F&G Annuities & Life during the 1st quarter valued at $44,000. Cubist Systematic Strategies LLC bought a new stake in F&G Annuities & Life during the 1st quarter valued at $89,000. State of Wyoming bought a new stake in F&G Annuities & Life during the 1st quarter valued at $96,000. BNP Paribas Financial Markets bought a new stake in F&G Annuities & Life during the 4th quarter valued at $114,000. Finally, Ameriflex Group Inc. bought a new stake in F&G Annuities & Life during the 4th quarter valued at $144,000. Institutional investors own 95.86% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Barclays increased their target price on F&G Annuities & Life from $37.00 to $40.00 and gave the company an "equal weight" rating in a research report on Thursday, August 7th. Wall Street Zen raised F&G Annuities & Life from a "hold" rating to a "buy" rating in a research report on Wednesday, August 13th. Finally, Zacks Research upgraded F&G Annuities & Life from a "strong sell" rating to a "hold" rating in a report on Monday, September 1st. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $44.33.

Insider Buying and Selling at F&G Annuities & Life

In other F&G Annuities & Life news, EVP Leena Punjabi sold 3,000 shares of F&G Annuities & Life stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $33.81, for a total transaction of $101,430.00. Following the completion of the transaction, the executive vice president owned 64,064 shares in the company, valued at approximately $2,166,003.84. This trade represents a 4.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.10% of the company's stock.

F&G Annuities & Life Stock Performance

FG traded up $0.01 on Monday, reaching $33.00. 151,107 shares of the stock were exchanged, compared to its average volume of 159,181. The company's 50-day moving average price is $33.41 and its 200 day moving average price is $33.83. F&G Annuities & Life, Inc. has a fifty-two week low of $30.01 and a fifty-two week high of $50.75. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.26 and a quick ratio of 0.26. The firm has a market capitalization of $4.44 billion, a PE ratio of 8.61 and a beta of 1.55.

F&G Annuities & Life (NYSE:FG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.13. F&G Annuities & Life had a return on equity of 11.51% and a net margin of 6.45%.The company had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $1.35 billion. As a group, sell-side analysts forecast that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.22 per share. The ex-dividend date is Tuesday, September 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.7%. F&G Annuities & Life's dividend payout ratio (DPR) is presently 35.48%.

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.