Oppenheimer Asset Management Inc. Takes Position in F&G Annuities & Life, Inc. (NYSE:FG)

Oppenheimer Asset Management Inc. purchased a new stake in F&G Annuities & Life, Inc. (NYSE:FG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,643 shares of the company’s stock, valued at approximately $215,000.

Several other institutional investors and hedge funds also recently made changes to their positions in FG. Capital Advisors Wealth Management LLC boosted its position in shares of F&G Annuities & Life by 1.8% during the 2nd quarter. Capital Advisors Wealth Management LLC now owns 19,216 shares of the company’s stock valued at $731,000 after purchasing an additional 344 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of F&G Annuities & Life by 18.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,371 shares of the company’s stock valued at $218,000 after purchasing an additional 819 shares in the last quarter. Scarborough Advisors LLC bought a new stake in shares of F&G Annuities & Life during the 4th quarter valued at about $70,000. Rhumbline Advisers boosted its position in shares of F&G Annuities & Life by 4.5% during the 2nd quarter. Rhumbline Advisers now owns 35,808 shares of the company’s stock valued at $1,362,000 after purchasing an additional 1,551 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of F&G Annuities & Life by 24.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 8,249 shares of the company’s stock valued at $314,000 after purchasing an additional 1,620 shares in the last quarter. Institutional investors and hedge funds own 95.86% of the company’s stock.

F&G Annuities & Life Stock Down 1.1 %

Shares of NYSE:FG opened at $42.38 on Monday. The business’s 50 day simple moving average is $41.69 and its two-hundred day simple moving average is $39.96. The firm has a market cap of $5.35 billion, a P/E ratio of 21.62 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. F&G Annuities & Life, Inc. has a 52-week low of $26.12 and a 52-week high of $48.71.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings results on Monday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.12. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.36 billion. F&G Annuities & Life had a return on equity of 13.94% and a net margin of 6.25%. As a group, research analysts forecast that F&G Annuities & Life, Inc. will post 4.32 EPS for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $0.21 dividend. The ex-dividend date is Monday, September 16th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.98%. F&G Annuities & Life’s dividend payout ratio is presently 42.86%.

Wall Street Analyst Weigh In

FG has been the topic of several research analyst reports. Piper Sandler cut their target price on F&G Annuities & Life from $43.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, June 28th. Barclays assumed coverage on F&G Annuities & Life in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $45.00 target price on the stock.

About F&G Annuities & Life

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.