Graham Capital Management L.P. Acquires New Position in F&G Annuities & Life, Inc. $FG

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. acquired a new stake in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 15,513 shares of the company's stock, valued at approximately $559,000.

Other hedge funds have also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC bought a new stake in F&G Annuities & Life in the 4th quarter valued at about $1,717,000. Fidelity National Financial Inc. raised its position in shares of F&G Annuities & Life by 4.2% during the 1st quarter. Fidelity National Financial Inc. now owns 110,942,551 shares of the company's stock worth $3,999,479,000 after buying an additional 4,500,000 shares in the last quarter. Mutual Advisors LLC bought a new stake in shares of F&G Annuities & Life during the 1st quarter worth about $631,000. Wellington Management Group LLP bought a new stake in shares of F&G Annuities & Life during the 1st quarter worth about $1,527,000. Finally, American Century Companies Inc. raised its position in shares of F&G Annuities & Life by 26.6% during the 1st quarter. American Century Companies Inc. now owns 296,101 shares of the company's stock worth $10,674,000 after buying an additional 62,201 shares in the last quarter. 95.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on FG. Wall Street Zen upgraded shares of F&G Annuities & Life from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Zacks Research upgraded shares of F&G Annuities & Life from a "strong sell" rating to a "hold" rating in a report on Monday, September 1st. Finally, Barclays boosted their target price on shares of F&G Annuities & Life from $37.00 to $40.00 and gave the stock an "equal weight" rating in a report on Thursday, August 7th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $44.33.

F&G Annuities & Life Trading Up 0.8%

Shares of F&G Annuities & Life stock traded up $0.26 during trading on Monday, hitting $34.76. The stock had a trading volume of 145,408 shares, compared to its average volume of 141,884. The stock has a 50 day simple moving average of $32.98 and a 200 day simple moving average of $34.30. The company has a market capitalization of $4.68 billion, a PE ratio of 14.02 and a beta of 1.55. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.49. 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 released its earnings results on Wednesday, August 6th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.13. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate 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 expect that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given 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 (DPR) 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.