AlphaQuest LLC Purchases 6,186 Shares of F&G Annuities & Life, Inc. $FG

AlphaQuest LLC increased its position in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 196.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,329 shares of the company’s stock after acquiring an additional 6,186 shares during the quarter. AlphaQuest LLC’s holdings in F&G Annuities & Life were worth $336,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FG. BNP Paribas Financial Markets bought a new position in shares of F&G Annuities & Life during the 4th quarter worth approximately $114,000. Ameriflex Group Inc. bought a new position in shares of F&G Annuities & Life during the 4th quarter worth approximately $144,000. Iron Horse Wealth Management LLC raised its stake in shares of F&G Annuities & Life by 9.5% during the 1st quarter. Iron Horse Wealth Management LLC now owns 4,679 shares of the company’s stock worth $169,000 after acquiring an additional 404 shares in the last quarter. US Bancorp DE raised its stake in shares of F&G Annuities & Life by 19.9% during the 1st quarter. US Bancorp DE now owns 4,716 shares of the company’s stock worth $170,000 after acquiring an additional 784 shares in the last quarter. Finally, Mackenzie Financial Corp bought a new position in shares of F&G Annuities & Life during the 4th quarter worth approximately $210,000. Institutional investors own 95.86% of the company’s stock.

Wall Street Analyst Weigh In

FG has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of F&G Annuities & Life from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Barclays boosted their target price on shares of F&G Annuities & Life from $37.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 7th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $44.33.

F&G Annuities & Life Stock Down 0.2%

NYSE:FG opened at $34.66 on Thursday. The company’s 50 day moving average is $32.54 and its two-hundred day moving average is $35.06. The company has a market cap of $4.67 billion, a PE ratio of 13.98 and a beta of 1.55. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.49. F&G Annuities & Life, Inc. has a twelve month low of $30.01 and a twelve month high of $50.75.

F&G Annuities & Life (NYSE:FG) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.64 by $0.13. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $1.35 billion. F&G Annuities & Life had a net margin of 6.45% and a return on equity of 11.51%. Analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.

F&G Annuities & Life Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 16th. F&G Annuities & Life’s dividend payout ratio is 35.48%.

F&G Annuities & Life Company Profile

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.