Mutual Advisors LLC Invests $631,000 in F&G Annuities & Life, Inc. (NYSE:FG)

Mutual Advisors LLC 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 Securities and Exchange Commission (SEC). The firm acquired 18,034 shares of the company's stock, valued at approximately $631,000.

Other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in shares of F&G Annuities & Life by 8.7% in the 4th quarter. Bank of New York Mellon Corp now owns 256,267 shares of the company's stock worth $10,620,000 after purchasing an additional 20,559 shares in the last quarter. US Bancorp DE lifted its holdings in shares of F&G Annuities & Life by 910.8% during the fourth quarter. US Bancorp DE now owns 3,932 shares of the company's stock valued at $163,000 after purchasing an additional 3,543 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of F&G Annuities & Life in the 4th quarter valued at $604,000. AlphaQuest LLC increased its stake in F&G Annuities & Life by 314,200.0% in the 4th quarter. AlphaQuest LLC now owns 3,143 shares of the company's stock worth $130,000 after purchasing an additional 3,142 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in F&G Annuities & Life during the fourth quarter valued at about $312,000. Institutional investors and hedge funds own 95.86% of the company's stock.

Insider Activity at F&G Annuities & Life

In other F&G Annuities & Life news, CEO Christopher O. Blunt purchased 5,000 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was acquired at an average cost of $32.11 per share, with a total value of $160,550.00. Following the completion of the purchase, the chief executive officer directly owned 894,964 shares in the company, valued at approximately $28,737,294.04. This represents a 0.56% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders acquired 45,000 shares of company stock valued at $1,399,900. 2.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Barclays cut their price target on shares of F&G Annuities & Life from $40.00 to $37.00 and set an "equal weight" rating on the stock in a report on Monday.

F&G Annuities & Life Stock Performance

FG stock traded down $0.22 during mid-day trading on Thursday, reaching $30.91. 133,766 shares of the stock traded hands, compared to its average volume of 240,238. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average of $32.25 and a two-hundred day moving average of $37.49. The firm has a market capitalization of $4.17 billion, a PE ratio of 8.20 and a beta of 1.55. F&G Annuities & Life, Inc. has a 52 week low of $30.10 and a 52 week high of $50.75.

F&G Annuities & Life (NYSE:FG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.47). The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $1.46 billion. F&G Annuities & Life had a net margin of 9.90% and a return on equity of 12.89%. As a group, equities analysts predict that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a dividend of $0.22 per share. The ex-dividend date was Monday, June 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.85%. F&G Annuities & Life's payout ratio is 23.34%.

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.