Burkehill Global Management LP Takes $3.61 Million Position in F&G Annuities & Life, Inc. (NYSE:FG)

Key Points

• Burkehill Global Management LP has acquired a new stake of 100,000 shares in F&G Annuities & Life, valued at approximately $3.6 million, representing about 0.07% of the company.
• Several institutional investors, including Federated Hermes Inc., have significantly increased their positions in F&G Annuities & Life, with Federated Hermes raising its stake by 476.6% in the last quarter.
• F&G Annuities & Life recently reported an earnings per share (EPS) of $0.77, exceeding the analysts' expectations of $0.64, alongside a declared quarterly dividend of $0.22 per share, effective September 30th.

Burkehill Global Management LP purchased a new stake in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 100,000 shares of the company's stock, valued at approximately $3,605,000. Burkehill Global Management LP owned about 0.07% of F&G Annuities & Life as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FG. Federated Hermes Inc. grew its position in shares of F&G Annuities & Life by 476.6% during the fourth quarter. Federated Hermes Inc. now owns 888 shares of the company's stock worth $37,000 after purchasing an additional 734 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of F&G Annuities & Life during the fourth quarter valued at approximately $114,000. Ameriflex Group Inc. bought a new stake in shares of F&G Annuities & Life during the fourth quarter valued at approximately $144,000. Iron Horse Wealth Management LLC raised its position 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 buying an additional 404 shares during the last quarter. Finally, US Bancorp DE raised its position 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 buying an additional 784 shares during the last quarter. Hedge funds and other institutional investors own 95.86% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on FG. Barclays boosted their price target on shares of F&G Annuities & Life from $37.00 to $40.00 and gave the stock an "equal weight" rating in a research note 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 note on Wednesday.

F&G Annuities & Life Trading Up 0.5%

Shares of NYSE:FG traded up $0.17 during trading on Wednesday, hitting $35.67. The company had a trading volume of 5,052 shares, compared to its average volume of 230,431. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 14.42 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 0.27. The company has a fifty day simple moving average of $32.02 and a two-hundred day simple moving average of $35.78. 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, 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 during the quarter, compared to the consensus estimate of $1.35 billion. As a group, equities analysts forecast that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current year.

F&G Annuities & Life Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, September 16th. F&G Annuities & Life's dividend payout ratio is presently 35.48%.

Insider Buying and Selling

In other news, CEO Christopher O. Blunt acquired 15,000 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was acquired at an average price of $30.78 per share, with a total value of $461,700.00. Following the completion of the purchase, the chief executive officer directly owned 889,964 shares in the company, valued at approximately $27,393,091.92. This trade represents a 1.71% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.10% of the company's stock.

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.