Interval Partners LP Invests $8.64 Million in F&G Annuities & Life, Inc. $FG

Key Points

• Interval Partners LP has acquired a new stake in F&G Annuities & Life, purchasing 239,646 shares valued at approximately $8.63 million, representing about 0.18% of the company's total shares.
• F&G Annuities & Life reported a quarterly EPS of $0.77, exceeding estimates and generating revenue of $2.74 billion, well above analyst predictions.
• The company recently declared a quarterly dividend of $0.22 per share, reflecting an annual yield of 2.5%, with a dividend payout ratio of 35.48%.

Interval Partners LP acquired a new stake in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 239,646 shares of the company's stock, valued at approximately $8,639,000. Interval Partners LP owned 0.18% of F&G Annuities & Life as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bleakley Financial Group LLC boosted its position in 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 boosted its position in 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. raised its holdings in F&G Annuities & Life by 3.8% during the fourth 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 in the last quarter. Iron Horse Wealth Management LLC raised its holdings in F&G Annuities & Life by 9.5% during the first 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 in the last quarter. Finally, US Bancorp DE raised its holdings in F&G Annuities & Life by 19.9% during the first quarter. US Bancorp DE now owns 4,716 shares of the company's stock worth $170,000 after acquiring an additional 784 shares in the last quarter. 95.86% of the stock is currently owned by institutional investors and hedge funds.

F&G Annuities & Life Stock Performance

FG traded down $0.30 during trading hours on Wednesday, reaching $34.51. The company's stock had a trading volume of 25,173 shares, compared to its average volume of 220,935. F&G Annuities & Life, Inc. has a 52 week low of $30.01 and a 52 week high of $50.75. The company's 50-day moving average is $33.03 and its 200-day moving average is $34.30. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.26 and a current ratio of 0.26. The firm has a market cap of $4.65 billion, a PE ratio of 13.91 and a beta of 1.55.

F&G Annuities & Life (NYSE:FG - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.77 earnings per share 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 analysts' expectations of $1.35 billion. On average, equities analysts forecast that F&G Annuities & Life, Inc. will post 5.54 EPS for the current 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. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.88 annualized dividend and a dividend yield of 2.6%. F&G Annuities & Life's dividend payout ratio is presently 35.48%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wall Street Zen raised F&G Annuities & Life from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Barclays increased their price objective on 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, Zacks Research raised F&G Annuities & Life from a "strong sell" rating to a "hold" rating in a report on Monday, September 1st. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, F&G Annuities & Life 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.