F&G Annuities & Life, Inc. $FG Stock Position Lifted by MAI Capital Management

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 raised its position in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 9,466.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,706 shares of the company's stock after buying 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 filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Quarry LP purchased a new stake in shares of F&G Annuities & Life during the first quarter worth approximately $44,000. State of Wyoming purchased a new position in shares of F&G Annuities & Life in the first quarter valued at $96,000. BNP Paribas Financial Markets purchased a new position in shares of F&G Annuities & Life in the fourth quarter valued at $114,000. Ameriflex Group Inc. acquired a new stake in shares of F&G Annuities & Life during the fourth quarter valued at $144,000. Finally, Iron Horse Wealth Management LLC boosted its stake in shares of 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 valued at $169,000 after acquiring an additional 404 shares during the last quarter. Hedge funds and other institutional investors own 95.86% of the company's stock.

Analyst Upgrades and Downgrades

FG has been the topic of a number of research analyst reports. Zacks Research raised F&G Annuities & Life from a "strong sell" rating to a "hold" rating in a research note on Monday, September 1st. Wall Street Zen raised F&G Annuities & Life from a "hold" rating to a "buy" rating in a research report on Wednesday, August 13th. Finally, Barclays boosted their price target on F&G Annuities & Life from $37.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 7th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $44.33.

F&G Annuities & Life Stock Performance

Shares of FG stock traded up $0.06 on Tuesday, hitting $34.92. 19,522 shares of the stock traded hands, compared to its average volume of 221,344. The company has a market capitalization of $4.70 billion, a PE ratio of 14.05 and a beta of 1.55. The company's fifty day moving average is $32.98 and its 200 day moving average is $34.30. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.26 and a quick ratio of 0.26. 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 issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.13. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $1.35 billion. F&G Annuities & Life had a return on equity of 11.51% and a net margin of 6.45%. On average, equities research analysts predict 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid 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 is Tuesday, September 16th. F&G Annuities & Life's dividend payout ratio is presently 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.