Walleye Capital LLC Takes Position in F&G Annuities & Life, Inc. $FG

Key Points

• Walleye Capital LLC acquired 80,122 shares of F&G Annuities & Life, valued at approximately $2.89 million, increasing their stake to 0.06% of the company.
• F&G Annuities & Life recently reported earnings of $0.77 per share, exceeding analyst estimates of $0.64, with a revenue of $2.74 billion for the quarter.
• The company announced a quarterly dividend of $0.22 per share, representing an annual yield of 2.5%, with a payout ratio of 35.48%.

Walleye Capital LLC purchased a new position in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 80,122 shares of the company's stock, valued at approximately $2,888,000. Walleye Capital LLC owned approximately 0.06% of F&G Annuities & Life at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of FG. Bleakley Financial Group LLC grew its stake in shares of F&G Annuities & Life by 2.7% in the 1st quarter. Bleakley Financial Group LLC now owns 11,282 shares of the company's stock worth $407,000 after purchasing an additional 293 shares during the last quarter. Denali Advisors LLC boosted its holdings in F&G Annuities & Life by 2.9% during the first quarter. Denali Advisors LLC now owns 12,864 shares of the company's stock worth $464,000 after buying an additional 364 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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 worth $439,000 after buying an additional 386 shares during the last quarter. Iron Horse Wealth Management LLC increased its holdings in shares of F&G Annuities & Life by 9.5% in the first quarter. Iron Horse Wealth Management LLC now owns 4,679 shares of the company's stock valued at $169,000 after buying an additional 404 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of F&G Annuities & Life by 19.9% in the first quarter. US Bancorp DE now owns 4,716 shares of the company's stock valued at $170,000 after buying an additional 784 shares in the last quarter. 95.86% of the stock is owned by institutional investors and hedge funds.

F&G Annuities & Life Stock Down 0.5%

Shares of FG traded down $0.16 during mid-day trading on Tuesday, hitting $34.41. 138,933 shares of the company's stock were exchanged, compared to its average volume of 167,802. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 13.88 and a beta of 1.55. The firm has a fifty day moving average of $32.75 and a two-hundred day moving average of $34.64. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.49. F&G Annuities & Life, Inc. has a twelve month low of $30.01 and a twelve month high of $50.75.

F&G Annuities & Life (NYSE:FG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.77 earnings per share (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 analysts' expectations 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 forecast that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current year.

F&G Annuities & Life Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.6%. F&G Annuities & Life's dividend payout ratio is currently 35.48%.

Wall Street Analysts Forecast Growth

FG has been the subject of several research reports. Barclays raised their price objective on F&G Annuities & Life from $37.00 to $40.00 and gave the stock an "equal weight" rating in a research note 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 analysts have rated the stock with a Hold rating, According to data from MarketBeat, F&G Annuities & Life has a consensus rating of "Hold" and a consensus price target 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.