JPMorgan Chase & Co. Has $2.06 Million Stake in F&G Annuities & Life, Inc. (NYSE:FG)

JPMorgan Chase & Co. lifted its holdings in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 63.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,952 shares of the company’s stock after buying an additional 17,845 shares during the quarter. JPMorgan Chase & Co.’s holdings in F&G Annuities & Life were worth $2,055,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its holdings in F&G Annuities & Life by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 15,088 shares of the company’s stock valued at $574,000 after purchasing an additional 272 shares during the period. Iron Horse Wealth Management LLC grew its holdings in F&G Annuities & Life by 10.7% during the third 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. Blue Trust Inc. grew its holdings in F&G Annuities & Life by 1,386.8% during the third quarter. Blue Trust Inc. now owns 565 shares of the company’s stock valued at $25,000 after purchasing an additional 527 shares during the period. Arthur M. Cohen & Associates LLC grew its holdings in F&G Annuities & Life by 2.1% during the third quarter. Arthur M. Cohen & Associates LLC now owns 34,815 shares of the company’s stock valued at $1,468,000 after purchasing an additional 725 shares during the period. Finally, Commonwealth Equity Services LLC grew its holdings in F&G Annuities & Life by 24.4% during the second quarter. Commonwealth Equity Services LLC now owns 8,249 shares of the company’s stock valued at $314,000 after purchasing an additional 1,620 shares during the period. Institutional investors and hedge funds own 95.86% of the company’s stock.

F&G Annuities & Life Stock Performance

Shares of FG stock opened at $43.87 on Wednesday. The firm has a market capitalization of $5.53 billion, a PE ratio of -731.01 and a beta of 1.64. The firm has a fifty day simple moving average of $44.06 and a two-hundred day simple moving average of $42.83. 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.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings data 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 firm had revenue of $1.44 billion for 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 previous year, the firm earned $0.96 EPS. Analysts forecast that F&G Annuities & Life, Inc. will post 4.43 EPS for the current fiscal year.

F&G Annuities & Life Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were paid a $0.22 dividend. This is a boost from F&G Annuities & Life’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Tuesday, December 17th. F&G Annuities & Life’s payout ratio is currently -1,466.67%.

Analysts Set New Price Targets

FG has been the topic of a number of research reports. Barclays lifted their price target on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Piper Sandler lifted 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 note on Wednesday, October 2nd.

F&G Annuities & Life Profile

F&G Annuities & Life, Inc engages in the provision of fixed annuity and life insurance products. It specializes in life insurance, annuities, retirement planning and wealth transfer. The company was founded in 1959 and is headquartered in Des Moines, IA.