PDT Partners LLC Invests $768,000 in F&G Annuities & Life, Inc. $FG

Key Points

• PDT Partners LLC has made a new investment in F&G Annuities & Life, acquiring 21,316 shares valued at approximately $768,000.
• F&G Annuities & Life recently reported earnings of $0.77 EPS, surpassing analyst expectations, with revenue reaching $2.74 billion for the quarter.
• The company announced a quarterly dividend of $0.22 per share, with a dividend yield of 2.5%, to be paid to stockholders on September 30th.

PDT Partners LLC acquired a new stake in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,316 shares of the company's stock, valued at approximately $768,000.

Several other hedge funds also recently modified their holdings of FG. Quarry LP bought a new stake in shares of F&G Annuities & Life in the first quarter valued at approximately $44,000. Cubist Systematic Strategies LLC bought a new position in F&G Annuities & Life in the first quarter worth $89,000. State of Wyoming bought a new position in F&G Annuities & Life in the first quarter worth $96,000. BNP Paribas Financial Markets bought a new position in F&G Annuities & Life in the fourth quarter worth $114,000. Finally, Ameriflex Group Inc. bought a new position in F&G Annuities & Life in the fourth quarter worth $144,000. 95.86% of the stock is owned by institutional investors.

F&G Annuities & Life Price Performance

Shares of F&G Annuities & Life stock traded down $0.01 during trading on Tuesday, reaching $34.85. The company's stock had a trading volume of 22,478 shares, compared to its average volume of 221,364. The stock has a 50-day moving average price of $32.98 and a two-hundred day moving average price of $34.30. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.49. F&G Annuities & Life, Inc. has a one year low of $30.01 and a one year high of $50.75. The stock has a market capitalization of $4.69 billion, a P/E ratio of 14.05 and a beta of 1.55.

F&G Annuities & Life (NYSE:FG - Get Free Report) last announced 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 analyst estimates of $1.35 billion. F&G Annuities & Life had a return on equity of 11.51% and a net margin of 6.45%. As a group, sell-side analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a $0.22 dividend. 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 (DPR) is presently 35.48%.

Analyst Ratings Changes

Several brokerages recently commented on FG. Wall Street Zen raised F&G Annuities & Life from a "hold" rating to a "buy" rating in a research report on Wednesday, August 13th. Zacks Research raised F&G Annuities & Life from a "strong sell" rating to a "hold" rating in a research report on Monday, September 1st. Finally, Barclays raised 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 report on Thursday, August 7th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, F&G Annuities & Life presently has a consensus rating of "Hold" and an average target price 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.