SG Americas Securities LLC Acquires 1,728 Shares of F&G Annuities & Life, Inc. (NYSE:FG)

SG Americas Securities LLC boosted its stake in F&G Annuities & Life, Inc. (NYSE:FG) by 45.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,516 shares of the company’s stock after purchasing an additional 1,728 shares during the period. SG Americas Securities LLC’s holdings in F&G Annuities & Life were worth $229,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings 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 acquiring an additional 527 shares during the period. Iron Horse Wealth Management LLC raised its stake in F&G Annuities & Life by 10.7% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 3,235 shares of the company’s stock valued at $145,000 after buying an additional 312 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of F&G Annuities & Life during the 3rd quarter valued at about $231,000. Oppenheimer Asset Management Inc. raised its position in F&G Annuities & Life by 34.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 7,580 shares of the company’s stock worth $339,000 after acquiring an additional 1,937 shares during the period. Finally, AQR Capital Management LLC purchased a new position in F&G Annuities & Life during the second quarter valued at $350,000. Hedge funds and other institutional investors own 95.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barclays upped their target price on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th.

F&G Annuities & Life Stock Down 1.8 %

Shares of FG opened at $44.11 on Friday. The business’s 50 day simple moving average is $43.50 and its 200-day simple moving average is $43.02. F&G Annuities & Life, Inc. has a 1 year low of $34.90 and a 1 year high of $50.75. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of -735.06 and a beta of 1.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.25 and a quick ratio of 0.25.

F&G Annuities & Life (NYSE:FG) last released its earnings results on Wednesday, November 6th. The company reported $1.22 earnings per share 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 firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the company posted $0.96 EPS. As a group, equities analysts expect that F&G Annuities & Life, Inc. will post 4.43 earnings per share for the current fiscal year.

F&G Annuities & Life Company 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.