GSA Capital Partners LLP Purchases New Position in F&G Annuities & Life, Inc. (NYSE:FG)

GSA Capital Partners LLP acquired a new position in F&G Annuities & Life, Inc. (NYSE:FG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,157 shares of the company’s stock, valued at approximately $231,000.

Several other hedge funds have also bought and sold shares of FG. Vanguard Group Inc. increased 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 worth $76,173,000 after acquiring an additional 21,253 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of F&G Annuities & Life by 25.1% during the second quarter. Dimensional Fund Advisors LP now owns 322,714 shares of the company’s stock worth $12,282,000 after purchasing an additional 64,669 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of F&G Annuities & Life by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 250,314 shares of the company’s stock worth $9,524,000 after purchasing an additional 3,331 shares during the last quarter. Principal Financial Group Inc. lifted its stake in F&G Annuities & Life by 23.1% in the 3rd quarter. Principal Financial Group Inc. now owns 120,336 shares of the company’s stock valued at $5,381,000 after buying an additional 22,550 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of F&G Annuities & Life by 218.2% during the second quarter. American Century Companies Inc. now owns 118,592 shares of the company’s stock valued at $4,512,000 after acquiring an additional 81,328 shares during the last quarter. Hedge funds and other institutional investors own 95.86% of the company’s stock.

F&G Annuities & Life Price Performance

Shares of NYSE FG opened at $48.30 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.25 and a quick ratio of 0.25. The company has a market cap of $6.09 billion, a price-to-earnings ratio of -804.87 and a beta of 1.32. The stock’s 50-day moving average is $43.49 and its two-hundred day moving average is $41.54. F&G Annuities & Life, Inc. has a 1-year low of $34.90 and a 1-year high of $49.00.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.18 billion. F&G Annuities & Life had a net margin of 0.22% and a return on equity of 13.05%. During the same period in the prior year, the firm posted $0.96 EPS. Analysts forecast that F&G Annuities & Life, Inc. will post 4.32 EPS for the current fiscal year.

F&G Annuities & Life Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Tuesday, December 17th. This is an increase from F&G Annuities & Life’s previous quarterly dividend of $0.21. F&G Annuities & Life’s dividend payout ratio (DPR) is currently -1,399.77%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Piper Sandler upped their price objective on shares of F&G Annuities & Life from $40.00 to $46.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Barclays increased their price target on F&G Annuities & Life from $44.00 to $46.00 and gave the company an “equal weight” rating in a report on Friday, November 8th.

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.