MAI Capital Management Has $710,000 Position in F&G Annuities & Life, Inc. $FG

Key Points

• MAI Capital Management significantly increased its stake in F&G Annuities & Life by 9,466% during Q1, owning 19,706 shares worth $710,000.
• F&G Annuities & Life reported a quarterly EPS of $0.77, exceeding estimates, and had a revenue of $2.74 billion, far surpassing analyst predictions.
• The company announced a quarterly dividend of $0.22 per share, representing an annualized dividend yield of 2.5%.

MAI Capital Management boosted its stake in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 9,466.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,706 shares of the company's stock after purchasing an additional 19,500 shares during the quarter. MAI Capital Management's holdings in F&G Annuities & Life were worth $710,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fidelity National Financial Inc. lifted its holdings in 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 purchasing an additional 4,500,000 shares during the last quarter. Seven Grand Managers LLC purchased a new stake in shares of F&G Annuities & Life during the first quarter worth $9,012,000. Nuveen LLC bought a new position in F&G Annuities & Life in the first quarter valued at $7,016,000. Monashee Investment Management LLC purchased a new stake in shares of F&G Annuities & Life during the first quarter worth about $6,309,000. Finally, Vanguard Group Inc. increased its position in shares of F&G Annuities & Life by 8.9% during the first quarter. Vanguard Group Inc. now owns 2,029,913 shares of the company's stock valued at $73,178,000 after acquiring an additional 165,489 shares in the last quarter. 95.86% of the stock is owned by institutional investors and hedge funds.

F&G Annuities & Life Stock Up 0.6%

Shares of FG stock traded up $0.22 during trading on Monday, hitting $34.72. 79,318 shares of the company were exchanged, compared to its average volume of 222,141. The business's 50-day simple moving average is $32.93 and its 200 day simple moving average is $34.34. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.26 and a current ratio of 0.26. F&G Annuities & Life, Inc. has a twelve month low of $30.01 and a twelve month high of $50.75. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 13.98 and a beta of 1.55.

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 analysts' consensus estimates of $0.64 by $0.13. The business had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $1.35 billion. F&G Annuities & Life had a net margin of 6.45% and a return on equity of 11.51%. As a group, analysts forecast that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis 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 currently 35.48%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FG shares. 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. Wall Street Zen upgraded shares of F&G Annuities & Life from a "hold" rating to a "buy" rating in a research report on Wednesday, August 13th. Finally, Zacks Research raised shares of F&G Annuities & Life from a "strong sell" rating to a "hold" rating in a research report on Monday, September 1st. Four 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 a consensus 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.