F&G Annuities & Life, Inc. $FG Stake Lifted by Belpointe Asset Management LLC

Belpointe Asset Management LLC increased its stake in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 22.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,566 shares of the company’s stock after buying an additional 1,758 shares during the quarter. Belpointe Asset Management LLC’s holdings in F&G Annuities & Life were worth $306,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FG. Quarry LP acquired a new position in F&G Annuities & Life during the 1st quarter worth $44,000. Cubist Systematic Strategies LLC acquired a new position in F&G Annuities & Life during the 1st quarter worth $89,000. State of Wyoming acquired a new position in F&G Annuities & Life during the 1st quarter worth $96,000. Iron Horse Wealth Management LLC boosted its position in 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 during the period. Finally, US Bancorp DE boosted its position in 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 during the period. 95.86% of the stock is currently owned by institutional investors.

Insider Activity at F&G Annuities & Life

In other news, EVP Leena Punjabi sold 3,000 shares of the company’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 represents a 4.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on FG shares. Barclays reduced their price target on F&G Annuities & Life from $40.00 to $35.00 and set an “equal weight” rating for the company in a research report on Wednesday. Zacks Research upgraded F&G Annuities & Life from a “strong sell” rating to a “hold” rating in a research report on Monday, September 1st. Piper Sandler set a $33.00 price target on F&G Annuities & Life in a research report on Tuesday. Wall Street Zen lowered F&G Annuities & Life from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of F&G Annuities & Life in a report on Saturday, September 27th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $38.33.

F&G Annuities & Life Trading Down 1.7%

Shares of F&G Annuities & Life stock opened at $29.16 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.49. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 11.76 and a beta of 1.49. The business has a fifty day simple moving average of $33.34 and a 200-day simple moving average of $33.06. F&G Annuities & Life, Inc. has a fifty-two week low of $29.11 and a fifty-two week high of $50.75.

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

F&G Annuities & Life Announces Dividend

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