Principal Financial Group Inc. Purchases 5,246 Shares of F&G Annuities & Life, Inc. (NYSE:FG)

Principal Financial Group Inc. boosted its position in F&G Annuities & Life, Inc. (NYSE:FG) by 4.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 125,582 shares of the company’s stock after purchasing an additional 5,246 shares during the period. Principal Financial Group Inc. owned about 0.10% of F&G Annuities & Life worth $5,205,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FG. Blue Trust Inc. raised its stake in shares of F&G Annuities & Life by 59.6% during the 4th quarter. Blue Trust Inc. now owns 902 shares of the company’s stock worth $40,000 after purchasing an additional 337 shares during the period. Iron Horse Wealth Management LLC raised its position in F&G Annuities & Life by 32.1% in the fourth quarter. Iron Horse Wealth Management LLC now owns 4,275 shares of the company’s stock worth $177,000 after acquiring an additional 1,040 shares during the period. SG Americas Securities LLC raised its position in F&G Annuities & Life by 45.6% in the fourth quarter. SG Americas Securities LLC now owns 5,516 shares of the company’s stock worth $229,000 after acquiring an additional 1,728 shares during the period. GSA Capital Partners LLP purchased a new position in F&G Annuities & Life in the third quarter valued at about $231,000. Finally, Oppenheimer Asset Management Inc. grew its position in shares of F&G Annuities & Life by 34.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 7,580 shares of the company’s stock valued at $339,000 after acquiring an additional 1,937 shares during the period. Hedge funds and other institutional investors own 95.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Barclays lifted their price target 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. Stephens restated an “equal weight” rating and issued a $47.00 target price on shares of F&G Annuities & Life in a research note on Monday, February 24th.

F&G Annuities & Life Price Performance

Shares of NYSE:FG opened at $42.37 on Tuesday. The firm has a market capitalization of $5.34 billion, a PE ratio of 8.74 and a beta of 1.66. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $43.30 and a two-hundred day moving average price of $43.46. F&G Annuities & Life, Inc. has a twelve month low of $34.90 and a twelve month high of $50.75.

F&G Annuities & Life (NYSE:FG) last released its quarterly earnings data on Thursday, February 20th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.13). F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.34 billion. Equities analysts forecast that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.

F&G Annuities & Life Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Monday, March 17th. F&G Annuities & Life’s dividend payout ratio (DPR) is presently 18.14%.

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.