Victory Capital Management Inc. Has $703,000 Stock Position in F&G Annuities & Life, Inc. (NYSE:FG)

Victory Capital Management Inc. lessened its holdings in F&G Annuities & Life, Inc. (NYSE:FG) by 1.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,716 shares of the company’s stock after selling 276 shares during the period. Victory Capital Management Inc.’s holdings in F&G Annuities & Life were worth $703,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its stake in shares of F&G Annuities & Life by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,088 shares of the company’s stock worth $574,000 after acquiring an additional 272 shares in the last quarter. Iron Horse Wealth Management LLC grew its position in F&G Annuities & Life by 10.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 3,235 shares of the company’s stock worth $145,000 after purchasing an additional 312 shares in the last quarter. Capital Advisors Wealth Management LLC increased its stake in F&G Annuities & Life by 1.8% in the 2nd quarter. Capital Advisors Wealth Management LLC now owns 19,216 shares of the company’s stock valued at $731,000 after buying an additional 344 shares during the last quarter. Blue Trust Inc. lifted its position in shares of F&G Annuities & Life by 1,386.8% during the 3rd quarter. Blue Trust Inc. now owns 565 shares of the company’s stock worth $25,000 after buying an additional 527 shares in the last quarter. Finally, Arthur M. Cohen & Associates LLC lifted its position in shares of F&G Annuities & Life by 2.1% during the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 34,815 shares of the company’s stock worth $1,468,000 after buying an additional 725 shares in the last quarter. Institutional investors and hedge funds own 95.86% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FG shares. Piper Sandler upped their target price on F&G Annuities & Life from $40.00 to $46.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Barclays upped their price objective on F&G Annuities & Life from $44.00 to $46.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th.

F&G Annuities & Life Stock Up 1.5 %

FG opened at $48.52 on Friday. F&G Annuities & Life, Inc. has a twelve month low of $34.90 and a twelve month high of $50.75. The company’s 50-day moving average price is $43.86 and its two-hundred day moving average price is $41.70. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of -808.67 and a beta of 1.32. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.46.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.19 by $0.03. F&G Annuities & Life had a return on equity of 13.05% and a net margin of 0.22%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the business earned $0.96 earnings per share. As a group, equities analysts expect that F&G Annuities & Life, Inc. will post 4.32 earnings per share for the current year.

F&G Annuities & Life Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.22 per share. This is an increase from F&G Annuities & Life’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, December 17th. This represents a $0.88 annualized dividend and a dividend yield of 1.81%. F&G Annuities & Life’s dividend payout ratio is presently -1,466.67%.

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.