Parkwood LLC Has $5.63 Million Stock Holdings in F&G Annuities & Life, Inc. $FG

Key Points

• Parkwood LLC holds approximately $5.63 million in stock of F&G Annuities & Life, Inc. after reducing its position by 5.9% in the first quarter, owning about 0.12% of the company.
• F&G Annuities & Life reported earnings of $0.77 per share, exceeding the expectations of $0.64, with quarterly revenue significantly higher than analysts' estimates at $2.74 billion.
• A recent quarterly dividend of $0.22 is set to be paid to shareholders on September 30th, reflecting a dividend yield of 2.6%.

Parkwood LLC trimmed its holdings in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 5.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 156,061 shares of the company's stock after selling 9,709 shares during the period. Parkwood LLC owned 0.12% of F&G Annuities & Life worth $5,626,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in shares of F&G Annuities & Life by 17.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,236 shares of the company's stock worth $300,000 after buying an additional 1,087 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of F&G Annuities & Life during the fourth quarter worth approximately $114,000. Bank of America Corp DE raised its stake in F&G Annuities & Life by 36.3% during the 4th quarter. Bank of America Corp DE now owns 22,828 shares of the company's stock valued at $946,000 after purchasing an additional 6,080 shares during the last quarter. Deutsche Bank AG boosted its holdings in F&G Annuities & Life by 66.2% in the 4th quarter. Deutsche Bank AG now owns 17,320 shares of the company's stock valued at $718,000 after purchasing an additional 6,896 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of F&G Annuities & Life by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,583 shares of the company's stock valued at $439,000 after buying an additional 386 shares during the period. Institutional investors own 95.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wall Street Zen raised shares of F&G Annuities & Life from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. 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. Finally, Barclays lifted their price objective on F&G Annuities & Life from $37.00 to $40.00 and gave the company an "equal weight" rating in a report on Thursday, August 7th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $44.33.

F&G Annuities & Life Price Performance

Shares of F&G Annuities & Life stock traded up $0.21 during mid-day trading on Thursday, reaching $34.53. 168,924 shares of the stock were exchanged, compared to its average volume of 221,109. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 13.92 and a beta of 1.55. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.49. The firm has a 50-day simple moving average of $33.07 and a 200 day simple moving average of $34.30. F&G Annuities & Life, Inc. has a fifty-two week low of $30.01 and a fifty-two week high of $50.75.

F&G Annuities & Life (NYSE:FG - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.13. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $1.35 billion. F&G Annuities & Life had a net margin of 6.45% and a return on equity of 11.51%. On average, sell-side analysts predict 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. The ex-dividend date is Tuesday, September 16th. This represents a $0.88 dividend on an annualized basis and a yield of 2.5%. F&G Annuities & Life's dividend payout ratio is 35.48%.

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.