F&G Annuities & Life, Inc. (NYSE:FG) Shares Sold by Raymond James & Associates

Raymond James & Associates reduced its stake in F&G Annuities & Life, Inc. (NYSE:FG) by 11.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 18,174 shares of the company’s stock after selling 2,419 shares during the quarter. Raymond James & Associates’ holdings in F&G Annuities & Life were worth $836,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in FG. Arthur M. Cohen & Associates LLC lifted its stake in F&G Annuities & Life by 54.1% during the 4th quarter. Arthur M. Cohen & Associates LLC now owns 20,035 shares of the company’s stock worth $922,000 after acquiring an additional 7,035 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of F&G Annuities & Life by 41.5% in the third quarter. Vanguard Group Inc. now owns 1,457,972 shares of the company’s stock valued at $40,911,000 after purchasing an additional 427,640 shares during the period. Corton Capital Inc. acquired a new position in shares of F&G Annuities & Life in the third quarter valued at approximately $202,000. Trexquant Investment LP increased its stake in F&G Annuities & Life by 121.6% during the 3rd quarter. Trexquant Investment LP now owns 31,120 shares of the company’s stock worth $873,000 after buying an additional 17,079 shares during the period. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in F&G Annuities & Life by 436.6% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,481 shares of the company’s stock worth $42,000 after buying an additional 1,205 shares in the last quarter. Hedge funds and other institutional investors own 95.86% of the company’s stock.

F&G Annuities & Life Stock Performance

Shares of FG stock opened at $37.21 on Tuesday. The firm has a 50 day moving average of $39.19 and a two-hundred day moving average of $39.90. The stock has a market capitalization of $4.70 billion, a PE ratio of -77.52 and a beta of 1.21. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.57. F&G Annuities & Life, Inc. has a 52 week low of $14.76 and a 52 week high of $48.71.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.42). F&G Annuities & Life had a negative net margin of 1.29% and a positive return on equity of 12.33%. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.18 billion. On average, research analysts predict that F&G Annuities & Life, Inc. will post 4.38 EPS for the current fiscal year.

F&G Annuities & Life Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Thursday, March 14th. F&G Annuities & Life’s dividend payout ratio is presently -175.00%.

About F&G Annuities & Life

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.