F&G Annuities & Life, Inc. $FG Stake Lowered by Fisher Funds Management LTD

Fisher Funds Management LTD cut its stake in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 39.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,135 shares of the company’s stock after selling 51,939 shares during the quarter. Fisher Funds Management LTD’s holdings in F&G Annuities & Life were worth $2,499,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Quarry LP bought a new position in shares of F&G Annuities & Life during the first quarter valued at approximately $44,000. Cubist Systematic Strategies LLC bought a new position in shares of F&G Annuities & Life during the first quarter valued at approximately $89,000. CWM LLC grew its holdings in shares of F&G Annuities & Life by 737.0% during the second quarter. CWM LLC now owns 2,963 shares of the company’s stock valued at $95,000 after purchasing an additional 2,609 shares during the last quarter. State of Wyoming bought a new position in shares of F&G Annuities & Life during the first quarter valued at approximately $96,000. Finally, Iron Horse Wealth Management LLC grew its holdings in shares of F&G Annuities & Life by 11.6% during the second quarter. Iron Horse Wealth Management LLC now owns 5,222 shares of the company’s stock valued at $167,000 after purchasing an additional 543 shares during the last quarter. 95.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wall Street Zen raised F&G Annuities & Life from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research raised F&G Annuities & Life from a “strong sell” rating to a “hold” rating in a report on Monday, September 1st. Piper Sandler set a $33.00 price objective on F&G Annuities & Life in a report on Tuesday, October 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of F&G Annuities & Life in a report on Tuesday, October 14th. Finally, Barclays decreased their price objective on F&G Annuities & Life from $40.00 to $35.00 and set an “equal weight” rating for the company in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, F&G Annuities & Life has an average rating of “Hold” and a consensus price target of $38.33.

F&G Annuities & Life Stock Performance

Shares of NYSE FG opened at $29.71 on Friday. The firm has a market cap of $4.00 billion, a P/E ratio of 11.98 and a beta of 1.49. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a fifty day moving average price of $31.92 and a two-hundred day moving average price of $32.42. F&G Annuities & Life, Inc. has a 1 year low of $28.70 and a 1 year high of $50.75.

F&G Annuities & Life (NYSE:FG) last released its quarterly earnings data on Tuesday, October 3rd. The company reported $1.45 earnings per share for the quarter. The business had revenue of $496.00 million during the quarter. F&G Annuities & Life had a return on equity of 11.51% and a net margin of 6.45%. Research analysts forecast that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.88 annualized dividend and a dividend yield of 3.0%. F&G Annuities & Life’s dividend payout ratio (DPR) is currently 35.48%.

Insider Buying and Selling at F&G Annuities & Life

In other news, EVP Leena Punjabi sold 3,000 shares of the firm’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $33.81, for a total transaction of $101,430.00. Following the completion of the sale, the executive vice president directly owned 64,064 shares of the company’s stock, valued at $2,166,003.84. This trade represents a 4.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.10% of the stock is currently owned by corporate insiders.

About F&G Annuities & Life

F&G Annuities & Life, Inc engages in the provision of fixed annuity and life insurance products. It specializes in life insurance, annuities, retirement planning and wealth transfer. The company was founded in 1959 and is headquartered in Des Moines, IA.