100,000 Shares in F&G Annuities & Life, Inc. (NYSE:FG) Purchased by Kelly Financial Group LLC

Kelly Financial Group LLC bought a new position in F&G Annuities & Life, Inc. (NYSE:FG) during the fourth quarter, Holdings Channel reports. The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $4,144,000. F&G Annuities & Life comprises about 1.4% of Kelly Financial Group LLC’s portfolio, making the stock its 16th largest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Blue Trust Inc. boosted its holdings in shares of F&G Annuities & Life by 59.6% during the fourth quarter. Blue Trust Inc. now owns 902 shares of the company’s stock valued at $40,000 after acquiring an additional 337 shares during the period. Rhumbline Advisers boosted its stake in F&G Annuities & Life by 1.6% during the 4th quarter. Rhumbline Advisers now owns 29,633 shares of the company’s stock valued at $1,228,000 after purchasing an additional 469 shares during the period. Arthur M. Cohen & Associates LLC grew its position in F&G Annuities & Life by 2.1% in the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 34,815 shares of the company’s stock worth $1,468,000 after purchasing an additional 725 shares during the last quarter. Capital Advisors Wealth Management LLC grew its position in F&G Annuities & Life by 5.0% in the 4th quarter. Capital Advisors Wealth Management LLC now owns 20,319 shares of the company’s stock worth $842,000 after purchasing an additional 964 shares during the last quarter. Finally, Iron Horse Wealth Management LLC increased its stake in shares of F&G Annuities & Life by 32.1% in the fourth quarter. Iron Horse Wealth Management LLC now owns 4,275 shares of the company’s stock valued at $177,000 after purchasing an additional 1,040 shares during the period. 95.86% of the stock is currently owned by institutional investors and hedge funds.

F&G Annuities & Life Stock Up 2.4 %

F&G Annuities & Life stock opened at $42.57 on Monday. F&G Annuities & Life, Inc. has a 52 week low of $34.90 and a 52 week high of $50.75. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 8.78 and a beta of 1.66. The company’s 50-day moving average price is $43.29 and its two-hundred day moving average price is $43.45. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.46.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings data on Thursday, February 20th. The company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.13). F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.34 billion. On average, analysts expect that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Monday, March 17th. F&G Annuities & Life’s dividend payout ratio is presently 18.14%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FG. Stephens reiterated an “equal weight” rating and set a $47.00 price objective on shares of F&G Annuities & Life in a research report on Monday, February 24th. Barclays boosted their price target on F&G Annuities & Life from $46.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th.

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.