New York State Common Retirement Fund Sells 4,500 Shares of F&G Annuities & Life, Inc. (NYSE:FG)

New York State Common Retirement Fund lessened its stake in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 31.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,920 shares of the company’s stock after selling 4,500 shares during the quarter. New York State Common Retirement Fund’s holdings in F&G Annuities & Life were worth $411,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in shares of F&G Annuities & Life by 4.4% during the fourth quarter. Principal Financial Group Inc. now owns 125,582 shares of the company’s stock worth $5,205,000 after purchasing an additional 5,246 shares during the last quarter. Rhumbline Advisers grew its holdings in F&G Annuities & Life by 1.6% during the 4th quarter. Rhumbline Advisers now owns 29,633 shares of the company’s stock worth $1,228,000 after acquiring an additional 469 shares during the last quarter. Iron Horse Wealth Management LLC increased its position in F&G Annuities & Life by 32.1% in the 4th quarter. Iron Horse Wealth Management LLC now owns 4,275 shares of the company’s stock valued at $177,000 after acquiring an additional 1,040 shares during the period. Blue Trust Inc. increased its position in F&G Annuities & Life by 59.6% in the 4th quarter. Blue Trust Inc. now owns 902 shares of the company’s stock valued at $40,000 after acquiring an additional 337 shares during the period. Finally, Crescent Grove Advisors LLC raised its stake in shares of F&G Annuities & Life by 22.7% during the fourth quarter. Crescent Grove Advisors LLC now owns 30,479 shares of the company’s stock valued at $1,263,000 after acquiring an additional 5,642 shares during the last quarter. 95.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FG has been the subject of a number of recent research reports. Barclays increased their price objective on F&G Annuities & Life from $46.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Stephens restated an “equal weight” rating and set a $47.00 price objective on shares of F&G Annuities & Life in a research report on Monday, February 24th.

F&G Annuities & Life Trading Down 3.8 %

FG opened at $40.99 on Wednesday. F&G Annuities & Life, Inc. has a twelve month low of $34.90 and a twelve month high of $50.75. The company has a fifty day moving average of $43.28 and a 200-day moving average of $43.46. The stock has a market cap of $5.17 billion, a PE ratio of 8.45 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.

F&G Annuities & Life (NYSE:FG) last issued its quarterly earnings results on Thursday, February 20th. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.13). The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.34 billion. F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. On average, sell-side analysts predict that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.

F&G Annuities & Life Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Monday, March 17th. F&G Annuities & Life’s payout ratio is 18.14%.

About F&G Annuities & Life

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.