Commonwealth Equity Services LLC Boosts Stock Position in F&G Annuities & Life, Inc. (NYSE:FG)

Commonwealth Equity Services LLC increased its stake in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 24.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,249 shares of the company’s stock after buying an additional 1,620 shares during the quarter. Commonwealth Equity Services LLC’s holdings in F&G Annuities & Life were worth $314,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FG. Scarborough Advisors LLC purchased a new stake in shares of F&G Annuities & Life in the 4th quarter valued at approximately $70,000. Iron Horse Wealth Management LLC raised its position in F&G Annuities & Life by 723.4% in the second quarter. Iron Horse Wealth Management LLC now owns 2,923 shares of the company’s stock valued at $111,000 after purchasing an additional 2,568 shares during the period. Belpointe Asset Management LLC acquired a new position in shares of F&G Annuities & Life in the 4th quarter valued at $217,000. Price T Rowe Associates Inc. MD lifted its stake in shares of F&G Annuities & Life by 18.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,371 shares of the company’s stock valued at $218,000 after purchasing an additional 819 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of F&G Annuities & Life during the 4th quarter worth $263,000. Institutional investors and hedge funds own 95.86% of the company’s stock.

F&G Annuities & Life Price Performance

FG opened at $42.61 on Tuesday. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 21.74 and a beta of 1.20. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock’s 50-day moving average price is $41.67 and its 200 day moving average price is $40.00. F&G Annuities & Life, Inc. has a 12-month low of $26.12 and a 12-month high of $48.71.

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

F&G Annuities & Life Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Monday, September 16th. F&G Annuities & Life’s dividend payout ratio is currently 42.86%.

Analyst Ratings Changes

Several brokerages recently issued reports on FG. Barclays started 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 on the stock. Piper Sandler reduced their price target on shares of F&G Annuities & Life from $43.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday, June 28th.

F&G Annuities & Life 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.