PDT Partners LLC Makes New Investment 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 bought a new position in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 21,316 shares of the company's stock, valued at approximately $768,000.

A number of other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of F&G Annuities & Life during the fourth quarter worth $604,000. Dimensional Fund Advisors LP raised its stake in F&G Annuities & Life by 11.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 413,202 shares of the company's stock worth $17,123,000 after acquiring an additional 42,081 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of F&G Annuities & Life by 17.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,236 shares of the company's stock worth $300,000 after purchasing an additional 1,087 shares during the period. BNP Paribas Financial Markets purchased a new position in F&G Annuities & Life during the 4th quarter valued at about $114,000. Finally, Bank of America Corp DE grew its position in shares of F&G Annuities & Life by 36.3% in the 4th quarter. Bank of America Corp DE now owns 22,828 shares of the company's stock worth $946,000 after buying an additional 6,080 shares during the last quarter. Institutional investors and hedge funds own 95.86% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FG. Barclays lifted their price target on F&G Annuities & Life from $37.00 to $40.00 and gave the company an "equal weight" rating in a research note on Thursday, August 7th. Zacks Research upgraded shares of F&G Annuities & Life from a "strong sell" rating to a "hold" rating in a report on Monday, September 1st. Finally, 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. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $44.33.

F&G Annuities & Life Price Performance

FG traded up $0.26 during midday trading on Monday, hitting $34.76. The company had a trading volume of 145,408 shares, compared to its average volume of 222,300. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.26 and a current ratio of 0.26. F&G Annuities & Life, Inc. has a twelve month low of $30.01 and a twelve month high of $50.75. The firm's 50-day simple moving average is $32.93 and its 200-day simple moving average is $34.34. The company has a market capitalization of $4.68 billion, a PE ratio of 14.02 and a beta of 1.55.

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, topping analysts' consensus estimates of $0.64 by $0.13. F&G Annuities & Life had a return on equity of 11.51% and a net margin of 6.45%.The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $1.35 billion. Equities research 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. This represents a $0.88 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 16th. F&G Annuities & Life's dividend payout ratio is 35.48%.

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.