Ancora Advisors LLC Sells 182,638 Shares of 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 lowered its stake in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 73.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of FG. Raymond James Financial Inc. acquired a new stake in shares of F&G Annuities & Life in the fourth quarter valued at about $604,000. Dimensional Fund Advisors LP increased its position in F&G Annuities & Life by 11.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 413,202 shares of the company's stock worth $17,123,000 after buying an additional 42,081 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in F&G Annuities & Life by 17.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,236 shares of the company's stock worth $300,000 after buying an additional 1,087 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in F&G Annuities & Life during the fourth quarter worth approximately $114,000. Finally, Bank of America Corp DE increased its position in F&G Annuities & Life by 36.3% during the fourth quarter. Bank of America Corp DE now owns 22,828 shares of the company's stock worth $946,000 after buying an additional 6,080 shares during the last quarter. Institutional investors and hedge funds own 95.86% of the company's stock.

F&G Annuities & Life Price Performance

Shares of FG stock traded down $0.49 during trading on Wednesday, hitting $34.32. The company had a trading volume of 12,527 shares, compared to its average volume of 220,855. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.26 and a current ratio of 0.26. The firm has a market capitalization of $4.62 billion, a P/E ratio of 13.86 and a beta of 1.55. The stock's 50-day moving average price is $33.03 and its 200 day moving average price is $34.30. F&G Annuities & Life, Inc. has a one year low of $30.01 and a one year high of $50.75.

F&G Annuities & Life (NYSE:FG - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $2.74 billion during the quarter, compared to analysts' expectations 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 expect 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 declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Tuesday, September 16th. F&G Annuities & Life's payout ratio is 35.48%.

Analyst Ratings Changes

A number of brokerages have weighed in on FG. Wall Street Zen raised F&G Annuities & Life from a "hold" rating to a "buy" rating in a research report on Wednesday, August 13th. Zacks Research raised F&G Annuities & Life from a "strong sell" rating to a "hold" rating in a research report on Monday, September 1st. Finally, Barclays boosted their price target 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 research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $44.33.

F&G Annuities & Life 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.