Rhumbline Advisers Buys 1,551 Shares of F&G Annuities & Life, Inc. (NYSE:FG)

Rhumbline Advisers raised its stake in F&G Annuities & Life, Inc. (NYSE:FG) by 4.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,808 shares of the company’s stock after acquiring an additional 1,551 shares during the quarter. Rhumbline Advisers’ holdings in F&G Annuities & Life were worth $1,362,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FG. State Board of Administration of Florida Retirement System raised its holdings in F&G Annuities & Life by 258.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 19,270 shares of the company’s stock valued at $781,000 after buying an additional 13,890 shares during the last quarter. Vanguard Group Inc. raised its holdings in F&G Annuities & Life by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 1,878,492 shares of the company’s stock valued at $76,173,000 after buying an additional 21,253 shares during the last quarter. Jupiter Asset Management Ltd. bought a new position in F&G Annuities & Life in the 1st quarter valued at approximately $510,000. Norges Bank bought a new position in F&G Annuities & Life in the 4th quarter valued at approximately $8,203,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in F&G Annuities & Life in the 4th quarter valued at approximately $263,000. Institutional investors own 95.86% of the company’s stock.

F&G Annuities & Life Stock Down 1.1 %

F&G Annuities & Life stock opened at $42.38 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. F&G Annuities & Life, Inc. has a 52-week low of $26.12 and a 52-week high of $48.71. The firm has a 50 day moving average price of $41.69 and a two-hundred day moving average price of $39.92. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of 21.62 and a beta of 1.20.

F&G Annuities & Life (NYSE:FG) last released its quarterly earnings results on Monday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.12. F&G Annuities & Life had a net margin of 6.25% and a return on equity of 13.94%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.36 billion. Equities analysts predict that F&G Annuities & Life, Inc. will post 4.32 EPS for the current year.

F&G Annuities & Life Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.84 annualized dividend and a yield of 1.98%. F&G Annuities & Life’s payout ratio is 42.86%.

Analyst Upgrades and Downgrades

FG has been the subject of a number of research reports. Piper Sandler dropped their price objective on shares of F&G Annuities & Life from $43.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, June 28th. Barclays initiated coverage on shares of F&G Annuities & Life in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $45.00 price objective for the company.

F&G Annuities & Life Company Profile

F&G Annuities & Life, Inc provides fixed annuities and life insurance products in the United States. The company portfolio includes fixed indexed annuities, multi-year guarantee annuities, and pension risk transfer solution, as well as indexed universal life insurance, institutional funding agreements, and index-linked annuities.