State Street Corp Acquires 4,910 Shares of F&G Annuities & Life, Inc. (NYSE:FG)

State Street Corp grew its stake in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 1.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 413,210 shares of the company’s stock after buying an additional 4,910 shares during the quarter. State Street Corp owned approximately 0.33% of F&G Annuities & Life worth $18,479,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Principal Financial Group Inc. grew its stake in F&G Annuities & Life by 23.1% during the third quarter. Principal Financial Group Inc. now owns 120,336 shares of the company’s stock worth $5,381,000 after purchasing an additional 22,550 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of F&G Annuities & Life in the third quarter worth approximately $521,000. Denali Advisors LLC lifted 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 valued at $647,000 after acquiring an additional 16,891 shares in the last quarter. Dimensional Fund Advisors LP lifted its position 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 valued at $12,282,000 after purchasing an additional 64,669 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of F&G Annuities & Life by 218.2% in the 2nd quarter. American Century Companies Inc. now owns 118,592 shares of the company’s stock worth $4,512,000 after buying an additional 81,328 shares during the last quarter. 95.86% of the stock is owned by institutional investors.

F&G Annuities & Life Stock Performance

Shares of FG opened at $41.58 on Tuesday. 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 12-month low of $34.90 and a 12-month high of $50.75. The company has a market cap of $5.24 billion, a PE ratio of -692.88 and a beta of 1.47. The stock has a 50-day moving average price of $44.61 and a 200-day moving average price of $42.25.

F&G Annuities & Life (NYSE:FG) last announced 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. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.18 billion. F&G Annuities & Life had a return on equity of 13.05% and a net margin of 0.22%. During the same period in the prior year, the company earned $0.96 EPS. As a group, equities analysts forecast that F&G Annuities & Life, Inc. will post 4.43 earnings per share for the current fiscal year.

F&G Annuities & Life Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Tuesday, December 17th. This is a positive change from F&G Annuities & Life’s previous quarterly dividend of $0.21. F&G Annuities & Life’s payout ratio is -1,466.67%.

Analyst Upgrades and Downgrades

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

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.