Interval Partners LP acquired a new stake in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 239,646 shares of the company's stock, valued at approximately $8,639,000. Interval Partners LP owned about 0.18% of F&G Annuities & Life as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently bought and sold shares of FG. Fidelity National Financial Inc. boosted its position in shares of F&G Annuities & Life by 4.2% in the 1st quarter. Fidelity National Financial Inc. now owns 110,942,551 shares of the company's stock worth $3,999,479,000 after purchasing an additional 4,500,000 shares during the last quarter. Seven Grand Managers LLC acquired a new position in F&G Annuities & Life in the first quarter valued at about $9,012,000. Nuveen LLC bought a new position in F&G Annuities & Life during the first quarter worth about $7,016,000. Monashee Investment Management LLC bought a new position in F&G Annuities & Life during the first quarter worth about $6,309,000. Finally, Alyeska Investment Group L.P. acquired a new position in shares of F&G Annuities & Life during the 1st quarter worth about $6,229,000. Institutional investors and hedge funds own 95.86% of the company's stock.
Wall Street Analyst Weigh In
FG has been the topic of a number of analyst reports. Barclays increased 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 research report on Thursday, August 7th. 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, Wall Street Zen raised shares of F&G Annuities & Life from a "hold" rating to a "buy" rating in a research report on Wednesday, August 13th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $44.33.
Read Our Latest Stock Report on FG
F&G Annuities & Life Stock Up 0.8%
Shares of FG stock traded up $0.26 on Monday, hitting $34.76. 145,408 shares of the stock were exchanged, compared to its average volume of 141,884. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $4.68 billion, a P/E ratio of 14.02 and a beta of 1.55. The business has a 50-day moving average of $32.98 and a 200 day moving average of $34.30. F&G Annuities & Life, Inc. has a fifty-two week low of $30.01 and a fifty-two 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 analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.35 billion. Equities analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.
F&G Annuities & Life Announces Dividend
The firm 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 $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 16th. F&G Annuities & Life's payout ratio is currently 35.48%.
About F&G Annuities & Life
(
Free Report)
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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