Mutual Advisors LLC Buys New Position 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 first quarter, according to the company in its most recent filing with the SEC. The firm acquired 18,034 shares of the company's stock, valued at approximately $631,000.

Several other hedge funds have also recently added to or reduced their stakes in FG. Federated Hermes Inc. increased its holdings in F&G Annuities & Life by 476.6% during the 4th quarter. Federated Hermes Inc. now owns 888 shares of the company's stock worth $37,000 after purchasing an additional 734 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in F&G Annuities & Life in the 4th quarter worth about $114,000. AlphaQuest LLC boosted its holdings 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 buying an additional 3,142 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of F&G Annuities & Life during the fourth quarter valued at about $141,000. Finally, Ameriflex Group Inc. purchased a new position in shares of F&G Annuities & Life during the fourth quarter worth about $144,000. Institutional investors own 95.86% of the company's stock.

Analysts Set New Price Targets

Separately, Barclays dropped their price objective on F&G Annuities & Life from $40.00 to $37.00 and set an "equal weight" rating for the company in a research note on Monday.

Insider Buying and Selling

In other news, CEO Christopher O. Blunt acquired 15,000 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were purchased at an average price of $30.78 per share, for a total transaction of $461,700.00. Following the acquisition, the chief executive officer owned 889,964 shares of the company's stock, valued at $27,393,091.92. This represents a 1.71% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased a total of 45,000 shares of company stock worth $1,399,900 in the last quarter. Company insiders own 2.10% of the company's stock.

F&G Annuities & Life Price Performance

Shares of FG traded up $0.41 during mid-day trading on Tuesday, hitting $31.56. 188,678 shares of the stock were exchanged, compared to its average volume of 156,710. The firm has a 50-day moving average of $32.41 and a two-hundred day moving average of $37.57. F&G Annuities & Life, Inc. has a 52-week low of $30.10 and a 52-week high of $50.75. The company has a market cap of $4.25 billion, a PE ratio of 8.37 and a beta of 1.55. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.27 and a current ratio of 0.27.

F&G Annuities & Life (NYSE:FG - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.47). The business had revenue of $2.18 billion for 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%. On average, equities analysts predict that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current year.

F&G Annuities & Life Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors 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 yield of 2.79%. F&G Annuities & Life's payout ratio is 23.34%.

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.