DLD Asset Management LP Buys New Shares 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 acquired a new position in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 25,000 shares of the company's stock, valued at approximately $901,000.

Several other large investors have also modified their holdings of the business. Fidelity National Financial Inc. boosted its position in shares of F&G Annuities & Life by 4.2% during the first 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. Vanguard Group Inc. boosted its position in shares of F&G Annuities & Life by 8.9% during the first 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. American Century Companies Inc. boosted its position in shares of F&G Annuities & Life by 26.6% during the first quarter. American Century Companies Inc. now owns 296,101 shares of the company's stock valued at $10,674,000 after buying an additional 62,201 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in shares of F&G Annuities & Life by 72.4% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 263,140 shares of the company's stock valued at $9,486,000 after buying an additional 110,530 shares during the period. Finally, Seven Grand Managers LLC purchased a new position in shares of F&G Annuities & Life during the first quarter valued at approximately $9,012,000. Hedge funds and other institutional investors own 95.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FG. 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 price target on 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 investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $44.33.

F&G Annuities & Life Stock Up 1.9%

F&G Annuities & Life stock traded up $0.65 during mid-day trading on Wednesday, reaching $34.19. 41,790 shares of the company were exchanged, compared to its average volume of 220,187. The business has a fifty day moving average of $33.26 and a 200 day moving average of $34.05. 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 $4.60 billion, a P/E ratio of 13.79 and a beta of 1.55. F&G Annuities & Life, Inc. has a 12-month low of $30.01 and a 12-month high of $50.75.

F&G Annuities & Life (NYSE:FG - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.13. The company had revenue of $2.74 billion during 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%. Research analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current fiscal year.

F&G Annuities & Life Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.6%. F&G Annuities & Life's dividend payout ratio is presently 35.48%.

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.