45,864 Shares in F&G Annuities & Life, Inc. $FG Purchased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC purchased a new position in F&G Annuities & Life, Inc. (NYSE:FG) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 45,864 shares of the company’s stock, valued at approximately $1,434,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Quarry LP acquired a new position in shares of F&G Annuities & Life in the 1st quarter worth approximately $44,000. Ameritas Investment Partners Inc. lifted its stake in F&G Annuities & Life by 18.3% during the second quarter. Ameritas Investment Partners Inc. now owns 2,174 shares of the company’s stock valued at $70,000 after purchasing an additional 337 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in F&G Annuities & Life during the first quarter worth approximately $89,000. CWM LLC grew its position in F&G Annuities & Life by 737.0% in the second quarter. CWM LLC now owns 2,963 shares of the company’s stock worth $95,000 after buying an additional 2,609 shares during the last quarter. Finally, State of Wyoming acquired a new position in F&G Annuities & Life in the first quarter worth approximately $96,000. 95.86% of the stock is owned by institutional investors and hedge funds.

F&G Annuities & Life Trading Up 0.4%

NYSE:FG opened at $31.23 on Wednesday. The stock has a market cap of $4.20 billion, a PE ratio of 9.16 and a beta of 1.45. F&G Annuities & Life, Inc. has a fifty-two week low of $28.70 and a fifty-two week high of $47.76. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.27 and a quick ratio of 0.27. The stock’s 50-day moving average is $31.47 and its two-hundred day moving average is $32.16.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings results on Tuesday, October 3rd. The company reported $1.45 earnings per share (EPS) for the quarter. F&G Annuities & Life had a net margin of 8.40% and a return on equity of 11.41%. The business had revenue of $496.00 million during the quarter. As a group, equities research analysts forecast that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current fiscal year.

F&G Annuities & Life Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be paid a dividend of $0.25 per share. This is an increase from F&G Annuities & Life’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.2%. F&G Annuities & Life’s dividend payout ratio (DPR) is 29.33%.

Insider Activity at F&G Annuities & Life

In related news, CEO Christopher O. Blunt purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were acquired at an average cost of $29.88 per share, with a total value of $149,400.00. Following the completion of the purchase, the chief executive officer owned 1,146,419 shares of the company’s stock, valued at $34,254,999.72. The trade was a 0.44% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FG has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of F&G Annuities & Life in a research report on Monday. Zacks Research raised F&G Annuities & Life from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Barclays reduced their target price 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. Piper Sandler set a $33.00 price target on F&G Annuities & Life in a research note on Tuesday, October 7th. Finally, Wall Street Zen upgraded F&G Annuities & Life from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.33.

F&G Annuities & Life Company Profile

F&G Annuities & Life is the principal life insurance and annuity subsidiary of F&G Financial Group, Inc (NYSE: FG), a publicly traded financial services holding company headquartered in Des Moines, Iowa. The company focuses on designing and issuing retirement income solutions that address longevity risk, capital preservation, and wealth transfer for individual and institutional clients.

Its product suite includes fixed indexed annuities, which offer the potential for market-linked growth with downside protection; fixed-rate annuities, delivering guaranteed interest over a defined term; and a range of life insurance policies such as term, universal, and variable universal life.