Ancora Advisors LLC Has $2.33 Million Stock Position in F&G Annuities & Life, Inc. $FG

Key Points

• Ancora Advisors LLC has significantly reduced its ownership in F&G Annuities & Life by selling 182,638 shares, bringing their total holdings down to 64,649 shares, valued at approximately $2.33 million.
• Equities analysts are optimistic about the company, with Zacks and Wall Street Zen upgrading the stock's ratings, leading to a consensus price target of $44.33.
• The company announced a dividend of $0.22 per share, reflecting an annual yield of 2.5%, with the payment scheduled for September 30th.

Ancora Advisors LLC lessened its holdings in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 73.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,649 shares of the company's stock after selling 182,638 shares during the quarter. Ancora Advisors LLC's holdings in F&G Annuities & Life were worth $2,331,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FG. Bleakley Financial Group LLC grew its holdings in F&G Annuities & Life by 2.7% during the first quarter. Bleakley Financial Group LLC now owns 11,282 shares of the company's stock valued at $407,000 after purchasing an additional 293 shares during the last quarter. Denali Advisors LLC lifted its holdings in shares of F&G Annuities & Life by 2.9% during the first quarter. Denali Advisors LLC now owns 12,864 shares of the company's stock valued at $464,000 after acquiring an additional 364 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of F&G Annuities & Life by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,583 shares of the company's stock valued at $439,000 after acquiring an additional 386 shares during the period. Iron Horse Wealth Management LLC lifted its holdings in shares of F&G Annuities & Life by 9.5% during the first quarter. Iron Horse Wealth Management LLC now owns 4,679 shares of the company's stock valued at $169,000 after acquiring an additional 404 shares during the period. Finally, US Bancorp DE raised its holdings in shares of F&G Annuities & Life by 19.9% in the first quarter. US Bancorp DE now owns 4,716 shares of the company's stock valued at $170,000 after buying an additional 784 shares during the last quarter. Institutional investors own 95.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on FG shares. Wall Street Zen upgraded F&G Annuities & Life from a "hold" rating to a "buy" rating in a research report on Wednesday, August 13th. Zacks Research upgraded F&G Annuities & Life from a "strong sell" rating to a "hold" rating in a research report on Monday, September 1st. Finally, Barclays lifted their price objective 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. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $44.33.

F&G Annuities & Life Stock Up 0.8%

Shares of F&G Annuities & Life stock traded up $0.26 on Monday, reaching $34.76. 145,408 shares of the company were exchanged, compared to its average volume of 222,559. F&G Annuities & Life, Inc. has a one year low of $30.01 and a one year high of $50.75. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 14.02 and a beta of 1.55. 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 company has a 50-day moving average of $32.93 and a 200 day moving average of $34.34.

F&G Annuities & Life (NYSE:FG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.77 earnings per share (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 for the quarter, compared to analysts' expectations of $1.35 billion. On average, equities research analysts forecast that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current 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 issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.5%. The ex-dividend date 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.