Zacks Investment Management Makes New $409,000 Investment in F&G Annuities & Life, Inc. (NYSE:FG)

Zacks Investment Management acquired a new position in shares of F&G Annuities & Life, Inc. (NYSE:FG) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,156 shares of the company’s stock, valued at approximately $409,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of F&G Annuities & Life by 18.0% during the first 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 period. Iron Horse Wealth Management LLC boosted its stake in shares of F&G Annuities & Life by 723.4% during 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. Bank of New York Mellon Corp boosted its stake in shares of F&G Annuities & Life by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 250,314 shares of the company’s stock valued at $9,524,000 after purchasing an additional 3,331 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of F&G Annuities & Life by 24.4% during the second quarter. Commonwealth Equity Services LLC now owns 8,249 shares of the company’s stock valued at $314,000 after purchasing an additional 1,620 shares during the period. Finally, Convergence Investment Partners LLC bought a new stake in shares of F&G Annuities & Life in the second quarter valued at about $205,000. 95.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on FG. Piper Sandler lifted their price objective on F&G Annuities & Life from $40.00 to $46.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Barclays lifted their price objective 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 Stock Performance

FG stock opened at $44.47 on Wednesday. The firm has a market cap of $5.61 billion, a price-to-earnings ratio of -741.17 and a beta of 1.47. The firm has a 50-day simple moving average of $44.57 and a two-hundred day simple moving average of $42.07. F&G Annuities & Life, Inc. has a one year low of $34.90 and a one year high of $50.75. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.25 and a current ratio of 0.25.

F&G Annuities & Life (NYSE:FG) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.19 by $0.03. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates 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 earnings per share. On average, equities analysts forecast that F&G Annuities & Life, Inc. will post 4.43 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. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.98%. This is a positive change from F&G Annuities & Life’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, December 17th. F&G Annuities & Life’s dividend payout ratio is presently -1,466.67%.

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.