DLD Asset Management LP Acquires Shares of 25,000 F&G Annuities & Life, Inc. $FG

Key Points

• DLD Asset Management LP made a significant investment of $901,000 in F&G Annuities & Life, acquiring 25,000 shares of the company's stock.
• Analysts have adjusted their ratings, with Barclays increasing their price target from $37.00 to $40.00 and Wall Street Zen upgrading the stock from "hold" to "buy."
• F&G Annuities & Life announced a quarterly dividend of $0.22, representing an annualized yield of 2.6% for investors.

DLD Asset Management LP purchased a new stake in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 25,000 shares of the company's stock, valued at approximately $901,000.

A number of other hedge funds have also modified their holdings of the business. BNP Paribas Financial Markets bought a new position in shares of F&G Annuities & Life during the fourth quarter valued at approximately $114,000. Ameriflex Group Inc. purchased a new stake in shares of F&G Annuities & Life during the fourth quarter valued at $144,000. Iron Horse Wealth Management LLC grew its position in F&G Annuities & Life by 9.5% during the 1st quarter. Iron Horse Wealth Management LLC now owns 4,679 shares of the company's stock worth $169,000 after purchasing an additional 404 shares in the last quarter. US Bancorp DE lifted its position 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 worth $170,000 after purchasing an additional 784 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new stake in F&G Annuities & Life during the fourth quarter valued at $210,000. 95.86% of the stock is owned by hedge funds and other institutional investors.

F&G Annuities & Life Stock Performance

Shares of FG traded up $1.0450 during mid-day trading on Friday, hitting $35.3150. 187,729 shares of the company's stock were exchanged, compared to its average volume of 192,685. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 14.24 and a beta of 1.55. The stock's 50-day simple moving average is $32.35 and its 200-day simple moving average is $35.26. F&G Annuities & Life, Inc. has a 52 week low of $30.01 and a 52 week high of $50.75. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.49.

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. 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 analyst estimates of $1.35 billion. On average, equities research analysts expect that F&G Annuities & Life, Inc. will post 5.54 EPS 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. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 16th. F&G Annuities & Life's dividend payout ratio is 35.48%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FG shares. Wall Street Zen raised F&G Annuities & Life from a "hold" rating to a "buy" rating in a research report on Wednesday, August 13th. 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. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $44.33.

About F&G Annuities & Life

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.