Monashee Investment Management LLC Purchases New Position in F&G Annuities & Life, Inc. $FG

Key Points

• Monashee Investment Management LLC acquired 175,000 shares of F&G Annuities & Life, valued at approximately $6.31 million, making it the firm's 19th largest position.
• F&G Annuities & Life announced a quarterly dividend of $0.22, which equates to an annual yield of 2.6%, with a payout ratio of 35.48%.
• F&G Annuities & Life reported earnings per share of $0.77, exceeding expectations, and had revenue of $2.74 billion for the last quarter.

Monashee Investment Management LLC purchased a new stake in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 175,000 shares of the company's stock, valued at approximately $6,309,000. F&G Annuities & Life accounts for approximately 0.7% of Monashee Investment Management LLC's portfolio, making the stock its 19th largest position. Monashee Investment Management LLC owned approximately 0.13% of F&G Annuities & Life at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. BNP Paribas Financial Markets bought a new stake in F&G Annuities & Life during the 4th quarter worth approximately $114,000. Ameriflex Group Inc. bought a new stake in F&G Annuities & Life during the 4th quarter worth approximately $144,000. Iron Horse Wealth Management LLC increased its stake in F&G Annuities & Life by 9.5% during the 1st quarter. Iron Horse Wealth Management LLC now owns 4,679 shares of the company's stock worth $169,000 after purchasing an additional 404 shares in the last quarter. US Bancorp DE increased its stake in F&G Annuities & Life by 19.9% during the 1st quarter. US Bancorp DE now owns 4,716 shares of the company's stock worth $170,000 after purchasing an additional 784 shares in the last quarter. Finally, Mackenzie Financial Corp bought a new stake in F&G Annuities & Life during the 4th quarter worth approximately $210,000. 95.86% of the stock is owned by institutional investors.

F&G Annuities & Life Price Performance

Shares of FG opened at $33.98 on Thursday. The stock has a market capitalization of $4.58 billion, a P/E ratio of 13.70 and a beta of 1.55. F&G Annuities & Life, Inc. has a twelve month low of $30.01 and a twelve month high of $50.75. The company has a 50 day moving average of $32.24 and a 200-day moving average of $35.39. 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 (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, beating the consensus estimate of $0.64 by $0.13. F&G Annuities & Life had a net margin of 6.45% and a return on equity of 11.51%. The business had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $1.35 billion. As a group, equities research 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid 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 (DPR) is currently 35.48%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FG. Barclays increased their target price on F&G Annuities & Life from $37.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 7th. Wall Street Zen raised shares of F&G Annuities & Life from a "hold" rating to a "buy" rating in a research note on Wednesday, August 13th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $44.33.

F&G Annuities & Life Company 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.

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