Vanguard Group Inc. raised its stake in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 8.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,029,913 shares of the company's stock after purchasing an additional 165,489 shares during the quarter. Vanguard Group Inc. owned approximately 1.51% of F&G Annuities & Life worth $73,178,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of FG. Levin Capital Strategies L.P. bought a new position in F&G Annuities & Life during the 1st quarter valued at about $211,000. Fidelity National Financial Inc. increased its position in shares of F&G Annuities & Life by 4.2% during the 1st quarter. Fidelity National Financial Inc. now owns 110,942,551 shares of the company's stock valued at $3,999,479,000 after purchasing an additional 4,500,000 shares during the last quarter. Moors & Cabot Inc. increased its holdings in F&G Annuities & Life by 564.3% in the 1st quarter. Moors & Cabot Inc. now owns 34,290 shares of the company's stock worth $1,236,000 after acquiring an additional 29,128 shares in the last quarter. US Bancorp DE increased its holdings in F&G Annuities & Life by 19.9% in the 1st quarter. US Bancorp DE now owns 4,716 shares of the company's stock worth $170,000 after acquiring an additional 784 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in F&G Annuities & Life in the 1st quarter worth approximately $456,000. Institutional investors own 95.86% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. Barclays increased their price objective on shares of 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. Wall Street Zen upgraded F&G Annuities & Life from a "hold" rating to a "buy" rating in a research report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, F&G Annuities & Life currently has a consensus rating of "Hold" and a consensus target price of $44.33.
View Our Latest Analysis on FG
F&G Annuities & Life Stock Up 0.5%
Shares of FG stock traded up $0.16 during trading hours on Friday, reaching $34.53. 97,991 shares of the company's stock were exchanged, compared to its average volume of 179,856. 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 1 year low of $30.01 and a 1 year high of $50.75. The stock has a market cap of $4.65 billion, a PE ratio of 13.93 and a beta of 1.55. The stock's fifty day moving average price is $32.66 and its two-hundred day moving average price is $34.89.
F&G Annuities & Life (NYSE:FG - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.77 EPS 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 firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $1.35 billion. Research analysts predict that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.
F&G Annuities & Life Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 16th. F&G Annuities & Life's dividend payout ratio is presently 35.48%.
About F&G Annuities & Life
(
Free Report)
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.
See Also
Before you consider F&G Annuities & Life, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and F&G Annuities & Life wasn't on the list.
While F&G Annuities & Life currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
