Hotchkis & Wiley Capital Management LLC Raises Position in F&G Annuities & Life, Inc. $FG

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 increased its holdings in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 72.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 263,140 shares of the company's stock after acquiring 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Bleakley Financial Group LLC lifted its stake in shares of F&G Annuities & Life by 2.7% during the 1st quarter. Bleakley Financial Group LLC now owns 11,282 shares of the company's stock worth $407,000 after acquiring an additional 293 shares during the last quarter. Denali Advisors LLC lifted its stake in shares of F&G Annuities & Life by 2.9% during the 1st quarter. Denali Advisors LLC now owns 12,864 shares of the company's stock worth $464,000 after acquiring an additional 364 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of F&G Annuities & Life by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,583 shares of the company's stock worth $439,000 after acquiring an additional 386 shares during the last quarter. Iron Horse Wealth Management LLC lifted its stake in shares of 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 acquiring an additional 404 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of F&G Annuities & Life by 19.9% during the 1st quarter. US Bancorp DE now owns 4,716 shares of the company's stock worth $170,000 after acquiring an additional 784 shares during the last quarter. 95.86% of the stock is owned by institutional investors.

F&G Annuities & Life Stock Up 0.5%

NYSE FG traded up $0.16 during midday trading on Friday, hitting $34.53. 97,991 shares of the company traded hands, compared to its average volume of 179,856. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.26 and a quick ratio of 0.26. The company has a market cap of $4.65 billion, a PE ratio of 13.93 and a beta of 1.55. The company's 50-day simple moving average is $32.66 and its 200-day simple moving average is $34.81. F&G Annuities & Life, Inc. has a 52 week low of $30.01 and a 52 week high of $50.75.

F&G Annuities & Life (NYSE:FG - Get Free Report) last announced its 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. The business had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $1.35 billion. F&G Annuities & Life had a return on equity of 11.51% and a net margin of 6.45%. As a group, equities research analysts forecast that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current year.

F&G Annuities & Life Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.22 per share. 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 (DPR) is 35.48%.

Analyst Ratings Changes

Several research analysts recently issued reports on FG shares. Barclays increased 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 note on Thursday, August 7th. Wall Street Zen raised F&G Annuities & Life from a "hold" rating to a "buy" rating in a research note on Wednesday, August 13th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, F&G Annuities & Life presently has an average rating of "Hold" and an average price target of $44.33.

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.