Alyeska Investment Group L.P. acquired a new position in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 172,781 shares of the company's stock, valued at approximately $6,229,000. Alyeska Investment Group L.P. owned approximately 0.13% of F&G Annuities & Life at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of F&G Annuities & Life during the 4th quarter worth approximately $1,717,000. Fidelity National Financial Inc. lifted its position in shares of F&G Annuities & Life by 4.2% during the 1st quarter. Fidelity National Financial Inc. now owns 110,942,551 shares of the company's stock worth $3,999,479,000 after buying an additional 4,500,000 shares during the period. Mutual Advisors LLC bought a new position in shares of F&G Annuities & Life during the 1st quarter worth approximately $631,000. Wellington Management Group LLP bought a new position in shares of F&G Annuities & Life during the 1st quarter worth approximately $1,527,000. Finally, American Century Companies Inc. lifted its position in shares of F&G Annuities & Life by 26.6% during the 1st quarter. American Century Companies Inc. now owns 296,101 shares of the company's stock worth $10,674,000 after buying an additional 62,201 shares during the period. Institutional investors and hedge funds own 95.86% of the company's stock.
Analyst Ratings Changes
FG has been the subject of several analyst reports. Barclays raised their target price on F&G Annuities & Life from $37.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 7th. Wall Street Zen upgraded 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 research report on Monday, September 1st. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $44.33.
Check Out Our Latest Stock Report on F&G Annuities & Life
F&G Annuities & Life Price Performance
FG traded up $0.26 during trading on Monday, hitting $34.76. The company's stock had a trading volume of 145,408 shares, compared to its average volume of 141,884. The firm's 50 day moving average price is $32.98 and its two-hundred day moving average price is $34.30. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.49. F&G Annuities & Life, Inc. has a 12 month low of $30.01 and a 12 month high of $50.75. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 14.02 and a beta of 1.55.
F&G Annuities & Life (NYSE:FG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $1.35 billion. Sell-side analysts forecast that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current fiscal year.
F&G Annuities & Life Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given 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 2.5%. F&G Annuities & Life's payout ratio is presently 35.48%.
About F&G Annuities & Life
(
Free Report)
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.
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