American Century Companies Inc. Acquires 62,201 Shares of F&G Annuities & Life, Inc. $FG

Key Points

• American Century Companies Inc. has increased its stake in F&G Annuities & Life, Inc. by 26.6%, now holding approximately 0.22% of the company, valued at about $10.67 million.
• F&G Annuities & Life reported a net revenue of $2.74 billion for the last quarter, significantly surpassing analyst expectations of $1.35 billion.
• The company plans to pay a quarterly dividend of $0.22 per share on September 30, reflecting an annualized yield of 2.5% with a dividend payout ratio of 35.48%.

American Century Companies Inc. grew its holdings in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 26.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 296,101 shares of the company's stock after acquiring an additional 62,201 shares during the period. American Century Companies Inc. owned 0.22% of F&G Annuities & Life worth $10,674,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BNP Paribas Financial Markets acquired a new position in F&G Annuities & Life in the fourth quarter valued at approximately $114,000. Ameriflex Group Inc. acquired a new stake in F&G Annuities & Life in the fourth quarter worth $144,000. Iron Horse Wealth Management LLC increased its stake in F&G Annuities & Life by 9.5% in the first quarter. Iron Horse Wealth Management LLC now owns 4,679 shares of the company's stock valued at $169,000 after purchasing an additional 404 shares in the last quarter. US Bancorp DE raised its holdings in shares of F&G Annuities & Life by 19.9% during the first quarter. US Bancorp DE now owns 4,716 shares of the company's stock valued at $170,000 after purchasing an additional 784 shares during the period. Finally, Mackenzie Financial Corp acquired a new stake in shares of F&G Annuities & Life in the 4th quarter valued at about $210,000. 95.86% of the stock is owned by institutional investors and hedge funds.

F&G Annuities & Life Stock Performance

Shares of F&G Annuities & Life stock traded up $0.16 during trading hours on Monday, hitting $34.53. 97,991 shares of the company's stock traded hands, compared to its average volume of 174,207. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 13.93 and a beta of 1.55. The company has a fifty day simple moving average of $32.66 and a 200-day simple moving average of $34.73. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.26 and a quick ratio of 0.26. F&G Annuities & Life, Inc. has a 12-month low of $30.01 and a 12-month high of $50.75.

F&G Annuities & Life (NYSE:FG - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.77 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 business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $1.35 billion. Equities research analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued 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 dividend payout ratio is presently 35.48%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Barclays upped 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 raised shares of F&G Annuities & Life from a "hold" rating to a "buy" rating in a research report on Wednesday, August 13th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $44.33.

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.