F&G Annuities & Life, Inc. (NYSE:FG) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,633 shares of the company’s stock after purchasing an additional 469 shares during the quarter. Rhumbline Advisers’ holdings in F&G Annuities & Life were worth $1,228,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of F&G Annuities & Life in the 3rd quarter worth approximately $6,369,000. Barclays PLC boosted its holdings in F&G Annuities & Life by 527.8% in the third quarter. Barclays PLC now owns 42,524 shares of the company’s stock worth $1,902,000 after purchasing an additional 35,750 shares during the period. Principal Financial Group Inc. increased its stake in F&G Annuities & Life by 23.1% during the third quarter. Principal Financial Group Inc. now owns 120,336 shares of the company’s stock valued at $5,381,000 after purchasing an additional 22,550 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of F&G Annuities & Life by 63.5% during the third quarter. JPMorgan Chase & Co. now owns 45,952 shares of the company’s stock worth $2,055,000 after purchasing an additional 17,845 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in shares of F&G Annuities & Life in the 3rd quarter worth about $521,000. 95.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FG shares. Barclays boosted their price objective on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Stephens reissued an “equal weight” rating and issued a $47.00 price target on shares of F&G Annuities & Life in a report on Monday, February 24th.

F&G Annuities & Life Price Performance

NYSE FG opened at $41.81 on Thursday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $43.27 and a two-hundred day moving average price of $43.45. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of 8.62 and a beta of 1.72. F&G Annuities & Life, Inc. has a 52 week low of $34.90 and a 52 week high of $50.75.

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

F&G Annuities & Life Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.22 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.88 dividend on an annualized basis and a yield of 2.10%. F&G Annuities & Life’s dividend payout ratio is presently 18.14%.

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.