Alyeska Investment Group L.P. Invests $6.23 Million in F&G Annuities & Life, Inc. $FG

Key Points

• Alyeska Investment Group L.P. has made a new investment in F&G Annuities & Life, acquiring 172,781 shares worth approximately $6.23 million, representing about 0.13% of the company.
• Several hedge funds increased their stakes in F&G Annuities & Life during the first quarter, with Fidelity National Financial Inc. acquiring an additional 4.5 million shares, raising its total to over $3.99 billion in holdings.
• F&G Annuities & Life has recently announced a quarterly dividend of $0.22 per share, with a payout ratio of 35.48% and an annual yield of 2.6%.

Alyeska Investment Group L.P. bought a new position in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 172,781 shares of the company's stock, valued at approximately $6,229,000. Alyeska Investment Group L.P. owned 0.13% of F&G Annuities & Life at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Fidelity National Financial Inc. boosted its stake in 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 acquiring an additional 4,500,000 shares during the last quarter. Vanguard Group Inc. increased its stake in F&G Annuities & Life by 8.9% in the first quarter. Vanguard Group Inc. now owns 2,029,913 shares of the company's stock valued at $73,178,000 after purchasing an additional 165,489 shares in the last quarter. American Century Companies Inc. raised its holdings in F&G Annuities & Life by 26.6% in the first quarter. American Century Companies Inc. now owns 296,101 shares of the company's stock worth $10,674,000 after purchasing an additional 62,201 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in shares of F&G Annuities & Life by 72.4% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 263,140 shares of the company's stock worth $9,486,000 after purchasing an additional 110,530 shares in the last quarter. Finally, Seven Grand Managers LLC bought a new position in shares of F&G Annuities & Life during the first quarter worth $9,012,000. 95.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

F&G Annuities & Life Stock Up 0.6%

Shares of FG stock traded up $0.21 on Thursday, hitting $34.53. 168,924 shares of the stock were exchanged, compared to its average volume of 135,608. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $4.65 billion, a P/E ratio of 13.92 and a beta of 1.55. The business has a 50-day moving average of $33.11 and a 200 day moving average of $34.26. F&G Annuities & Life, Inc. has a fifty-two week low of $30.01 and a fifty-two week high of $50.75.

F&G Annuities & Life (NYSE:FG - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.13. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $1.35 billion. F&G Annuities & Life had a return on equity of 11.51% and a net margin of 6.45%. Equities analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.

F&G Annuities & Life Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 16th. F&G Annuities & Life's payout ratio is currently 35.48%.

F&G Annuities & Life Company Profile

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.