Walleye Capital LLC Purchases New Holdings 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 bought a new stake in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 80,122 shares of the company's stock, valued at approximately $2,888,000. Walleye Capital LLC owned 0.06% of F&G Annuities & Life as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new position in F&G Annuities & Life during the 4th quarter valued at about $114,000. Ameriflex Group Inc. acquired a new position in F&G Annuities & Life during the 4th quarter valued at about $144,000. Iron Horse Wealth Management LLC boosted its stake in F&G Annuities & Life by 9.5% during the 1st quarter. Iron Horse Wealth Management LLC now owns 4,679 shares of the company's stock valued at $169,000 after purchasing an additional 404 shares during the period. US Bancorp DE boosted its stake in F&G Annuities & Life by 19.9% during the 1st quarter. US Bancorp DE now owns 4,716 shares of the company's stock valued at $170,000 after purchasing an additional 784 shares during the period. Finally, Mackenzie Financial Corp acquired a new position in F&G Annuities & Life during the 4th quarter valued at about $210,000. 95.86% of the stock is owned by institutional investors and hedge funds.

F&G Annuities & Life Price Performance

FG stock traded up $0.16 on Monday, hitting $34.53. 97,991 shares of the company's stock traded hands, compared to its average volume of 174,207. 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 price-to-earnings ratio of 13.93 and a beta of 1.55. The stock has a fifty day moving average of $32.66 and a 200-day moving average of $34.73. 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 (NYSE:FG - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.64 by $0.13. F&G Annuities & Life had a net margin of 6.45% and a return on equity of 11.51%. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $1.35 billion. On average, analysts forecast that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.88 annualized dividend and a yield of 2.5%. F&G Annuities & Life's dividend payout ratio is currently 35.48%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on FG shares. 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. Barclays upped their price target on shares of 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. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $44.33.

About F&G Annuities & Life

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.