Oppenheimer Asset Management Inc. increased its stake in shares of F&G Annuities & Life, Inc. (NYSE:FG – Free Report) by 34.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,580 shares of the company’s stock after purchasing an additional 1,937 shares during the period. Oppenheimer Asset Management Inc.’s holdings in F&G Annuities & Life were worth $339,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System boosted its stake in shares of 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 acquiring an additional 13,890 shares during the last quarter. Vanguard Group Inc. lifted its holdings in F&G Annuities & Life by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 1,878,492 shares of the company’s stock valued at $76,173,000 after purchasing an additional 21,253 shares in the last quarter. Denali Advisors LLC boosted its stake in F&G Annuities & Life by 14,687.8% during the 2nd quarter. Denali Advisors LLC now owns 17,006 shares of the company’s stock worth $647,000 after purchasing an additional 16,891 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of F&G Annuities & Life by 25.1% during the second quarter. Dimensional Fund Advisors LP now owns 322,714 shares of the company’s stock worth $12,282,000 after buying an additional 64,669 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of F&G Annuities & Life by 23.1% in the third quarter. Principal Financial Group Inc. now owns 120,336 shares of the company’s stock valued at $5,381,000 after buying an additional 22,550 shares during the last quarter. 95.86% of the stock is owned by hedge funds and other institutional investors.
F&G Annuities & Life Trading Down 0.5 %
Shares of FG stock opened at $45.41 on Thursday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.46. F&G Annuities & Life, Inc. has a twelve month low of $34.90 and a twelve month high of $48.71. The company’s 50-day moving average price is $43.22 and its 200-day moving average price is $41.44. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of -756.71 and a beta of 1.32.
F&G Annuities & Life Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.22 per share. This is a boost from F&G Annuities & Life’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.88 annualized dividend and a yield of 1.94%. F&G Annuities & Life’s dividend payout ratio (DPR) is -1,399.77%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the stock. Barclays boosted their price target on shares of F&G Annuities & Life from $44.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Piper Sandler boosted their target price on F&G Annuities & Life from $40.00 to $46.00 and gave the stock a “neutral” rating in a 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.
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