Eaton Financial Holdings Company LLC Acquires New Shares in F&G Annuities & Life, Inc. $FG

Key Points

• Eaton Financial Holdings Company LLC purchased 23,250 shares of F&G Annuities & Life, valued at approximately $744,000, further indicating growing institutional interest in the company.
• F&G Annuities & Life recently declared a quarterly dividend of $0.22 per share, with a yield of 2.7%, highlighting its commitment to returning value to shareholders.
• The stock was upgraded by several analysts, with Zacks Research moving its rating from "strong sell" to "hold," signaling a more favorable outlook for investors.

Eaton Financial Holdings Company LLC bought a new position in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 23,250 shares of the company's stock, valued at approximately $744,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Quarry LP bought a new stake in shares of F&G Annuities & Life during the 1st quarter valued at approximately $44,000. Cubist Systematic Strategies LLC acquired a new stake in F&G Annuities & Life in the first quarter valued at approximately $89,000. State of Wyoming acquired a new stake in F&G Annuities & Life in the first quarter valued at approximately $96,000. BNP Paribas Financial Markets bought a new stake in shares of F&G Annuities & Life during the fourth quarter worth $114,000. Finally, Ameriflex Group Inc. acquired a new position in shares of F&G Annuities & Life during the fourth quarter worth $144,000. Institutional investors own 95.86% of the company's stock.

Insider Activity

In other news, EVP Leena Punjabi sold 3,000 shares of the company's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $33.81, for a total value of $101,430.00. Following the sale, the executive vice president directly owned 64,064 shares of the company's stock, valued at approximately $2,166,003.84. This represents a 4.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.10% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on FG. Zacks Research raised 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 research report on Wednesday, August 13th. Finally, Barclays lifted their price target on 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. Four investment 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 Stock Up 0.0%

Shares of FG opened at $33.00 on Tuesday. The stock's 50-day moving average price is $33.45 and its two-hundred day moving average price is $33.78. F&G Annuities & Life, Inc. has a 12 month low of $30.01 and a 12 month high of $50.75. The company has a market capitalization of $4.44 billion, a PE ratio of 13.31 and a beta of 1.55. The company has a current ratio of 0.26, a quick 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 data 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. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $1.35 billion. F&G Annuities & Life had a return on equity of 11.51% and a net margin of 6.45%. On average, analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 EPS 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. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.22 per share. The ex-dividend date is Tuesday, September 16th. This represents a $0.88 annualized dividend and a yield of 2.7%. F&G Annuities & Life's dividend payout ratio (DPR) 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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