Charles Schwab Investment Management Inc. Grows Stock Position in F&G Annuities & Life, Inc. $FG

Key Points

• Charles Schwab Investment Management Inc. increased its stake in F&G Annuities & Life by 12.7% in the first quarter, owning approximately 0.17% of the company with a position valued at $8.19 million.
• F&G Annuities & Life reported earnings of $0.77 per share for the last quarter, significantly exceeding analysts' estimates of $0.64.
• The company announced a quarterly dividend of $0.22, resulting in an annualized dividend of $0.88 with a 2.6% yield.

Charles Schwab Investment Management Inc. raised its position in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 12.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 227,072 shares of the company's stock after buying an additional 25,570 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.17% of F&G Annuities & Life worth $8,186,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of FG. Fidelity National Financial Inc. increased its stake in F&G Annuities & Life by 4.2% in the 1st quarter. Fidelity National Financial Inc. now owns 110,942,551 shares of the company's stock valued at $3,999,479,000 after buying an additional 4,500,000 shares during the period. Castlekeep Investment Advisors LLC acquired a new position in F&G Annuities & Life in the 4th quarter valued at $72,007,000. Vanguard Group Inc. increased its stake in F&G Annuities & Life by 8.9% in the 1st quarter. Vanguard Group Inc. now owns 2,029,913 shares of the company's stock valued at $73,178,000 after buying an additional 165,489 shares during the period. Dimensional Fund Advisors LP increased its stake in F&G Annuities & Life by 11.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 413,202 shares of the company's stock valued at $17,123,000 after buying an additional 42,081 shares during the period. Finally, Millennium Management LLC increased its stake in F&G Annuities & Life by 311.5% in the 4th quarter. Millennium Management LLC now owns 50,443 shares of the company's stock valued at $2,090,000 after buying an additional 38,185 shares during the period. 95.86% of the stock is owned by institutional investors and hedge funds.

F&G Annuities & Life Price Performance

Shares of NYSE FG traded up $0.16 during trading on Friday, hitting $34.53. 97,991 shares of the company were exchanged, compared to its average volume of 174,207. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 13.93 and a beta of 1.55. F&G Annuities & Life, Inc. has a 1 year low of $30.01 and a 1 year high of $50.75. The firm's fifty day moving average price is $32.66 and its 200 day moving average price is $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 (NYSE:FG - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.64 by $0.13. F&G Annuities & Life had a net margin of 6.45% and a return on equity of 11.51%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $1.35 billion. On average, sell-side analysts expect that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current fiscal year.

F&G Annuities & Life Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Barclays boosted their price objective on shares of F&G Annuities & Life from $37.00 to $40.00 and gave the company an "equal weight" rating in a research note on Thursday, August 7th. Wall Street Zen upgraded shares of F&G Annuities & Life from a "hold" rating to a "buy" rating in a research report on Wednesday, August 13th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently 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.