Brave Warrior Advisors LLC Reduces Stock Position in F&G Annuities & Life, Inc. $FG

Key Points

• Brave Warrior Advisors LLC has reduced its stake in F&G Annuities & Life by 2.1%, now owning approximately 5.29 million shares, which represents 4.4% of its portfolio.
• F&G Annuities & Life reported an earnings per share (EPS) of $0.77 for the last quarter, exceeding the consensus estimate of $0.64, alongside revenues of $2.74 billion.
• The company declared a quarterly dividend of $0.22, with a dividend yield of 2.5%, which will be paid to investors on September 30th.

Brave Warrior Advisors LLC trimmed its holdings in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 2.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,289,163 shares of the company's stock after selling 111,278 shares during the period. F&G Annuities & Life accounts for approximately 4.4% of Brave Warrior Advisors LLC's holdings, making the stock its 12th largest holding. Brave Warrior Advisors LLC owned approximately 3.92% of F&G Annuities & Life worth $190,674,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Quarry LP purchased a new stake in shares of F&G Annuities & Life during the 1st quarter worth about $44,000. Cubist Systematic Strategies LLC purchased a new stake in shares of F&G Annuities & Life during the 1st quarter worth about $89,000. State of Wyoming purchased a new stake in shares of F&G Annuities & Life during the 1st quarter worth about $96,000. BNP Paribas Financial Markets purchased a new stake in shares of F&G Annuities & Life during the 4th quarter worth about $114,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of F&G Annuities & Life during the 4th quarter worth about $144,000. 95.86% of the stock is owned by institutional investors and hedge funds.

F&G Annuities & Life Stock Down 2.4%

F&G Annuities & Life stock traded down $0.84 during midday trading on Friday, hitting $34.47. 163,355 shares of the company were exchanged, compared to its average volume of 149,489. The company's fifty day moving average price is $32.93 and its 200-day moving average price is $34.48. The company has a market cap of $4.64 billion, a PE ratio of 13.90 and a beta of 1.55. 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 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 released its quarterly earnings results on Wednesday, August 6th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.64 by $0.13. The firm 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%. On average, research analysts predict that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Announces Dividend

The firm 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 dividend of $0.22 per share. The ex-dividend date is Tuesday, September 16th. This represents a $0.88 annualized dividend and a yield of 2.6%. F&G Annuities & Life's payout ratio is currently 35.48%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. 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 upgraded F&G Annuities & Life from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Finally, Barclays boosted their target price on 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 equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $44.33.

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.