Barclays PLC Acquires 35,750 Shares of F&G Annuities & Life, Inc. (NYSE:FG)

Barclays PLC raised its holdings in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 527.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,524 shares of the company’s stock after acquiring an additional 35,750 shares during the quarter. Barclays PLC’s holdings in F&G Annuities & Life were worth $1,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in FG. Blue Trust Inc. lifted its holdings in shares of F&G Annuities & Life by 1,386.8% in the third 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. Iron Horse Wealth Management LLC boosted its holdings 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 valued at $145,000 after purchasing an additional 312 shares during the period. SG Americas Securities LLC purchased a new position in shares of F&G Annuities & Life during the 3rd quarter valued at $169,000. GSA Capital Partners LLP bought a new position in shares of F&G Annuities & Life in the third quarter worth $231,000. Finally, Convergence Investment Partners LLC purchased a new stake in shares of F&G Annuities & Life in the second quarter worth $205,000. Hedge funds and other institutional investors own 95.86% of the company’s stock.

F&G Annuities & Life Stock Performance

Shares of FG stock opened at $42.49 on Friday. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of -708.05 and a beta of 1.47. The stock has a fifty day moving average of $44.44 and a 200 day moving average of $42.29. F&G Annuities & Life, Inc. has a 52 week low of $34.90 and a 52 week high of $50.75. 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 released its quarterly earnings results on Wednesday, November 6th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.18 billion. F&G Annuities & Life had a net margin of 0.22% and a return on equity of 13.05%. During the same period in the prior year, the firm earned $0.96 earnings per share. As a group, research analysts expect that F&G Annuities & Life, Inc. will post 4.43 earnings per share for the current year.

F&G Annuities & Life Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.07%. This is a positive change from F&G Annuities & Life’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, December 17th. F&G Annuities & Life’s dividend payout ratio (DPR) is presently -1,466.67%.

Analyst Upgrades and Downgrades

A number of research firms have commented on FG. 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 note on Friday, November 8th. Piper Sandler increased their target price on F&G Annuities & Life from $40.00 to $46.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd.

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.