The Manufacturers Life Insurance Company Purchases 272 Shares of F&G Annuities & Life, Inc. (NYSE:FG)

The Manufacturers Life Insurance Company lifted its holdings in F&G Annuities & Life, Inc. (NYSE:FG) by 1.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,088 shares of the company’s stock after purchasing an additional 272 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in F&G Annuities & Life were worth $574,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of FG. Capital Advisors Wealth Management LLC increased its stake in F&G Annuities & Life by 12.8% during the first quarter. Capital Advisors Wealth Management LLC now owns 18,872 shares of the company’s stock worth $765,000 after acquiring an additional 2,142 shares during the last quarter. GSA Capital Partners LLP raised its holdings in F&G Annuities & Life by 39.9% during the 1st quarter. GSA Capital Partners LLP now owns 17,023 shares of the company’s stock valued at $690,000 after buying an additional 4,856 shares during the period. State Board of Administration of Florida Retirement System lifted its position in F&G Annuities & Life by 258.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 19,270 shares of the company’s stock worth $781,000 after buying an additional 13,890 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in F&G Annuities & Life during the first quarter worth $510,000. Finally, Vanguard Group Inc. boosted its stake in F&G Annuities & Life by 1.1% during the first quarter. Vanguard Group Inc. now owns 1,878,492 shares of the company’s stock worth $76,173,000 after buying an additional 21,253 shares during the period. Institutional investors own 95.86% of the company’s stock.

F&G Annuities & Life Stock Performance

Shares of FG stock opened at $43.53 on Wednesday. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 22.21 and a beta of 1.20. F&G Annuities & Life, Inc. has a 52-week low of $28.77 and a 52-week high of $48.71. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The company’s 50 day moving average is $41.85 and its 200 day moving average is $40.52.

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, beating analysts’ consensus estimates of $0.98 by $0.12. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.36 billion. F&G Annuities & Life had a return on equity of 13.94% and a net margin of 6.25%. On average, sell-side analysts anticipate that F&G Annuities & Life, Inc. will post 4.32 EPS for the current fiscal year.

F&G Annuities & Life Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Monday, September 16th. F&G Annuities & Life’s payout ratio is 42.86%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Barclays lowered their target price on shares of F&G Annuities & Life from $45.00 to $44.00 and set an “equal weight” rating for the company in a report on Tuesday, October 8th. Piper Sandler increased their price objective on shares of F&G Annuities & Life from $40.00 to $46.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd.

F&G Annuities & Life 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.