F&G Annuities & Life, Inc. (NYSE:FG) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 41.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,457,972 shares of the company's stock after acquiring an additional 427,640 shares during the period. Vanguard Group Inc. owned 1.16% of F&G Annuities & Life worth $40,911,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Chilton Capital Management LLC purchased a new position in shares of F&G Annuities & Life in the first quarter valued at about $29,000. Acadian Asset Management LLC purchased a new position in F&G Annuities & Life in the 1st quarter worth approximately $30,000. Vestcor Inc purchased a new position in F&G Annuities & Life in the 4th quarter worth approximately $32,000. Ameritas Investment Partners Inc. bought a new position in F&G Annuities & Life in the 2nd quarter worth approximately $38,000. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in F&G Annuities & Life by 436.6% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,481 shares of the company's stock valued at $42,000 after buying an additional 1,205 shares in the last quarter. Hedge funds and other institutional investors own 95.86% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Stephens upped their target price on shares of F&G Annuities & Life from $36.00 to $47.00 and gave the stock an "equal weight" rating in a research report on Monday, December 18th. Piper Sandler initiated coverage on shares of F&G Annuities & Life in a report on Friday, December 22nd. They set a "neutral" rating and a $48.00 price objective for the company.

F&G Annuities & Life Price Performance

Shares of FG traded down $1.89 during mid-day trading on Wednesday, hitting $37.87. 150,068 shares of the stock were exchanged, compared to its average volume of 113,376. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.21 and a current ratio of 0.21. The company has a market cap of $4.78 billion, a PE ratio of -82.83 and a beta of 1.21. F&G Annuities & Life, Inc. has a 52-week low of $14.76 and a 52-week high of $48.71. The firm has a 50-day moving average of $40.79 and a two-hundred day moving average of $39.35.

F&G Annuities & Life (NYSE:FG - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.02 by ($0.42). F&G Annuities & Life had a negative net margin of 1.29% and a positive return on equity of 12.33%. The business had revenue of $1.61 billion for the quarter, compared to analysts' expectations of $1.18 billion. On average, equities analysts predict that F&G Annuities & Life, Inc. will post 4.38 earnings per share for the current year.

F&G Annuities & Life Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Thursday, March 14th. F&G Annuities & Life's payout ratio is -175.00%.

F&G Annuities & Life Company Profile

F&G Annuities & Life, Inc provides fixed annuities and life insurance products in the United States. The company portfolio includes fixed indexed annuities, multi-year guarantee annuities, and pension risk transfer solution, as well as indexed universal life insurance, institutional funding agreements, and index-linked annuities.