15,513 Shares in F&G Annuities & Life, Inc. $FG Bought by Graham Capital Management L.P.

Key Points

• Graham Capital Management acquired a new stake in F&G Annuities & Life, purchasing 15,513 shares valued at approximately $559,000 during the first quarter.
• Analysts have upgraded F&G Annuities & Life's stock rating, with Zacks Research moving it from "strong sell" to "hold," and Barclays increasing its price target from $37 to $40.
• The company announced a quarterly dividend of $0.22 per share, representing a 2.6% dividend yield, with the payment date set for September 30th.

Graham Capital Management L.P. purchased a new stake in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 15,513 shares of the company's stock, valued at approximately $559,000.

A number of other hedge funds have also bought and sold shares of the business. Fidelity National Financial Inc. boosted its holdings 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 worth $3,999,479,000 after acquiring an additional 4,500,000 shares during the period. Seven Grand Managers LLC bought a new stake in shares of F&G Annuities & Life during the 1st quarter valued at $9,012,000. Nuveen LLC bought a new position in F&G Annuities & Life in the 1st quarter worth about $7,016,000. Monashee Investment Management LLC bought a new position in F&G Annuities & Life in the 1st quarter worth about $6,309,000. Finally, Vanguard Group Inc. grew its holdings in F&G Annuities & Life by 8.9% during the 1st 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 in the last quarter. 95.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FG shares. Zacks Research upgraded shares of F&G Annuities & Life from a "strong sell" rating to a "hold" rating in a research report on Monday, September 1st. Barclays raised their price target 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. Finally, 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. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $44.33.

F&G Annuities & Life Price Performance

FG stock traded up $0.21 during midday trading on Thursday, reaching $34.53. The company had a trading volume of 168,924 shares, compared to its average volume of 135,608. The firm has a 50-day moving average price of $33.11 and a 200-day moving average price of $34.26. 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 capitalization of $4.65 billion, a P/E ratio of 13.92 and a beta of 1.55. F&G Annuities & Life, Inc. has a 1 year low of $30.01 and a 1 year 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, topping the consensus estimate 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 net margin of 6.45% and a return on equity of 11.51%. On average, 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 company also recently disclosed 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 is Tuesday, September 16th. This represents a $0.88 annualized dividend and a dividend yield of 2.5%. 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.