Van Hulzen Asset Management LLC Has $1.09 Million Stock Position in F&G Annuities & Life, Inc. (NYSE:FG)

Van Hulzen Asset Management LLC lifted its stake in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 8.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,698 shares of the company’s stock after purchasing an additional 2,126 shares during the period. Van Hulzen Asset Management LLC’s holdings in F&G Annuities & Life were worth $1,092,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in FG. Norges Bank bought a new position in F&G Annuities & Life during the fourth quarter worth about $8,203,000. Vanguard Group Inc. boosted its stake in shares of F&G Annuities & Life by 1.1% during 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 during the period. State Board of Administration of Florida Retirement System increased its holdings in shares of F&G Annuities & Life by 258.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 19,270 shares of the company’s stock worth $781,000 after acquiring an additional 13,890 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in F&G Annuities & Life in the 1st quarter valued at $510,000. Finally, Simplicity Wealth LLC bought a new stake in F&G Annuities & Life in the 1st quarter valued at $443,000. Institutional investors and hedge funds own 95.86% of the company’s stock.

F&G Annuities & Life Price Performance

Shares of NYSE FG opened at $40.24 on Wednesday. The firm has a market cap of $5.08 billion, a P/E ratio of 20.53 and a beta of 1.20. The business’s 50 day moving average is $41.31 and its 200-day moving average is $39.75. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. F&G Annuities & Life, Inc. has a 1-year low of $26.12 and a 1-year high of $48.71.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings data 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. F&G Annuities & Life had a return on equity of 13.94% and a net margin of 6.25%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Equities research analysts predict that F&G Annuities & Life, Inc. will post 4.47 earnings per share for the current year.

F&G Annuities & Life Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Monday, September 16th. F&G Annuities & Life’s dividend payout ratio is 42.86%.

Analysts Set New Price Targets

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

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.