F&G Annuities & Life, Inc. (NYSE:FG) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 23.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 120,336 shares of the company’s stock after purchasing an additional 22,550 shares during the period. Principal Financial Group Inc. owned 0.10% of F&G Annuities & Life worth $5,381,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Blue Trust Inc. increased its stake in shares of F&G Annuities & Life by 1,386.8% in the 3rd quarter. Blue Trust Inc. now owns 565 shares of the company’s stock worth $25,000 after acquiring an additional 527 shares during the last quarter. Iron Horse Wealth Management LLC raised its stake in F&G Annuities & Life by 10.7% during the third quarter. Iron Horse Wealth Management LLC now owns 3,235 shares of the company’s stock worth $145,000 after purchasing an additional 312 shares during the period. SG Americas Securities LLC acquired a new position in F&G Annuities & Life in the 3rd quarter valued at about $169,000. Convergence Investment Partners LLC purchased a new position in F&G Annuities & Life in the second quarter worth approximately $205,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of F&G Annuities & Life during the 2nd quarter worth $215,000. Institutional investors and hedge funds own 95.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FG. Piper Sandler lifted their price target on shares of F&G Annuities & Life from $40.00 to $46.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Barclays lifted their target price on shares of 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 Stock Performance

Shares of F&G Annuities & Life stock opened at $41.44 on Thursday. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of -690.55 and a beta of 1.47. 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 business has a 50-day moving average of $44.34 and a 200 day moving average of $42.41. F&G Annuities & Life, Inc. has a 12 month low of $34.90 and a 12 month high of $50.75.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.19 by $0.03. F&G Annuities & Life had a net margin of 0.22% and a return on equity of 13.05%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the firm posted $0.96 earnings per share. As a group, sell-side analysts forecast that F&G Annuities & Life, Inc. will post 4.43 earnings per share for the current year.

F&G Annuities & Life Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.12%. This is a positive change from F&G Annuities & Life’s previous quarterly dividend of $0.21. F&G Annuities & Life’s dividend payout ratio is currently -1,466.67%.

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.