DLD Asset Management LP Makes New $901,000 Investment in F&G Annuities & Life, Inc. $FG

Key Points

• DLD Asset Management LP invested approximately $901,000 in F&G Annuities & Life, Inc. by acquiring 25,000 shares in the first quarter.
• F&G Annuities & Life's stock has recently been upgraded by analysts, with Zacks Research moving it from "strong sell" to "hold" and Wall Street Zen upgrading it to "buy."
• The company declared a $0.22 quarterly dividend to be paid on September 30th, representing an annual yield of 2.5% based on a payout ratio of 35.48%.

DLD Asset Management LP purchased a new position in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 25,000 shares of the company's stock, valued at approximately $901,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Bleakley Financial Group LLC grew its holdings in F&G Annuities & Life by 2.7% in the first quarter. Bleakley Financial Group LLC now owns 11,282 shares of the company's stock worth $407,000 after purchasing an additional 293 shares during the last quarter. Denali Advisors LLC grew its holdings in shares of F&G Annuities & Life by 2.9% during the first quarter. Denali Advisors LLC now owns 12,864 shares of the company's stock valued at $464,000 after buying an additional 364 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of F&G Annuities & Life by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,583 shares of the company's stock valued at $439,000 after buying an additional 386 shares during the last quarter. Iron Horse Wealth Management LLC grew its holdings 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, Belpointe Asset Management LLC grew its holdings in shares of F&G Annuities & Life by 6.5% during the first quarter. Belpointe Asset Management LLC now owns 7,808 shares of the company's stock valued at $281,000 after buying an additional 474 shares during the last quarter. 95.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FG has been the topic of a number of research analyst reports. Zacks Research raised shares of F&G Annuities & Life from a "strong sell" rating to a "hold" rating in a report on Monday, September 1st. Wall Street Zen raised shares of F&G Annuities & Life from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Finally, 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 report on Thursday, August 7th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $44.33.

F&G Annuities & Life Price Performance

NYSE:FG opened at $34.53 on Friday. F&G Annuities & Life, Inc. has a one year low of $30.01 and a one year high of $50.75. 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 cap of $4.65 billion, a price-to-earnings ratio of 13.92 and a beta of 1.55. The firm's fifty day moving average is $33.11 and its two-hundred day moving average is $34.26.

F&G Annuities & Life (NYSE:FG - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.77 EPS for the quarter, beating 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 company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $1.35 billion. Research analysts expect that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.

F&G Annuities & Life Announces Dividend

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

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.

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