F&G Annuities & Life, Inc. $FG Shares Acquired by Hotchkis & Wiley Capital Management LLC

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in F&G Annuities & Life by 72.4%, acquiring a total of 263,140 shares valued at approximately $9.5 million.
• F&G Annuities & Life reported earnings of $0.77 per share for the latest quarter, exceeding the consensus estimate of $0.64, with total revenue reaching $2.74 billion.
• The company declared a quarterly dividend of $0.22, with a dividend yield of 2.5%, to be paid on September 30th.

Hotchkis & Wiley Capital Management LLC boosted its position in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 72.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 263,140 shares of the company's stock after purchasing an additional 110,530 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 0.20% of F&G Annuities & Life worth $9,486,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Castlekeep Investment Advisors LLC acquired a new position in F&G Annuities & Life during the 4th quarter worth approximately $1,717,000. Fidelity National Financial Inc. boosted its stake in shares of F&G Annuities & Life by 4.2% in 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 in the last quarter. Mutual Advisors LLC acquired a new position in F&G Annuities & Life during the first quarter worth $631,000. GAMMA Investing LLC raised its position in F&G Annuities & Life by 4,236.3% in the first quarter. GAMMA Investing LLC now owns 12,185 shares of the company's stock worth $439,000 after acquiring an additional 11,904 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in F&G Annuities & Life by 11.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 413,202 shares of the company's stock valued at $17,123,000 after acquiring an additional 42,081 shares during the period. Hedge funds and other institutional investors own 95.86% of the company's stock.

Wall Street Analysts Forecast Growth

FG has been the topic of several research analyst reports. 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. Barclays raised 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. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, F&G Annuities & Life presently has a consensus rating of "Hold" and a consensus price target of $44.33.

F&G Annuities & Life Stock Up 3.0%

F&G Annuities & Life stock opened at $35.3150 on Monday. F&G Annuities & Life, Inc. has a fifty-two week low of $30.01 and a fifty-two week high of $50.75. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 14.24 and a beta of 1.55. The stock's fifty day moving average is $32.35 and its two-hundred day moving average is $35.13. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.26 and a current ratio of 0.26.

F&G Annuities & Life (NYSE:FG - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $1.35 billion. Analysts predict that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Dividend Announcement

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 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%.

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.

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