US Bancorp DE Acquires 3,543 Shares of F&G Annuities & Life, Inc. (NYSE:FG)

US Bancorp DE grew its position in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 910.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,932 shares of the company’s stock after purchasing an additional 3,543 shares during the quarter. US Bancorp DE’s holdings in F&G Annuities & Life were worth $163,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in shares of F&G Annuities & Life by 8.7% in the fourth quarter. Bank of New York Mellon Corp now owns 256,267 shares of the company’s stock valued at $10,620,000 after buying an additional 20,559 shares during the period. Fisher Funds Management LTD acquired a new position in shares of F&G Annuities & Life in the fourth quarter valued at approximately $5,421,000. Principal Financial Group Inc. increased its stake in shares of F&G Annuities & Life by 4.4% in the fourth quarter. Principal Financial Group Inc. now owns 125,582 shares of the company’s stock valued at $5,205,000 after buying an additional 5,246 shares during the period. Rhumbline Advisers increased its stake in shares of F&G Annuities & Life by 1.6% in the fourth quarter. Rhumbline Advisers now owns 29,633 shares of the company’s stock valued at $1,228,000 after buying an additional 469 shares during the period. Finally, Iron Horse Wealth Management LLC boosted its holdings 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 valued at $177,000 after acquiring an additional 1,040 shares during the last quarter. Institutional investors and hedge funds own 95.86% of the company’s stock.

F&G Annuities & Life Price Performance

F&G Annuities & Life stock opened at $42.73 on Friday. The stock has a market capitalization of $5.42 billion, a price-to-earnings ratio of 8.81 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. The stock’s 50 day moving average price is $43.13 and its two-hundred day moving average price is $43.42. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.25 and a current ratio of 0.25.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings results on Thursday, February 20th. The company reported $1.12 earnings per share (EPS) 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 the consensus estimate 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, equities analysts predict that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current year.

F&G Annuities & Life Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Monday, March 17th. F&G Annuities & Life’s payout ratio is 18.14%.

Analyst Ratings Changes

Several analysts recently commented on FG shares. Barclays upped their target price 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 reiterated an “equal weight” rating and issued a $47.00 target price on shares of F&G Annuities & Life in a report on Monday, February 24th.

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.