Livforsakringsbolaget Skandia Omsesidigt Purchases 18,547 Shares of F&G Annuities & Life, Inc. $FG

Livforsakringsbolaget Skandia Omsesidigt lifted its position in F&G Annuities & Life, Inc. (NYSE:FG) by 57,959.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,579 shares of the company’s stock after buying an additional 18,547 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in F&G Annuities & Life were worth $470,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new position in F&G Annuities & Life in the 1st quarter valued at $89,000. AQR Capital Management LLC acquired a new position in F&G Annuities & Life during the 1st quarter worth $521,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in F&G Annuities & Life by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,035 shares of the company’s stock worth $398,000 after acquiring an additional 452 shares during the last quarter. Millennium Management LLC boosted its holdings in F&G Annuities & Life by 330.8% during the first quarter. Millennium Management LLC now owns 217,306 shares of the company’s stock valued at $7,834,000 after acquiring an additional 166,863 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in F&G Annuities & Life during the first quarter valued at about $276,000. 95.86% of the stock is owned by institutional investors.

F&G Annuities & Life Stock Up 2.9%

NYSE FG opened at $31.15 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a 50-day simple moving average of $27.93 and a 200 day simple moving average of $27.06. F&G Annuities & Life, Inc. has a twelve month low of $20.57 and a twelve month high of $36.70. The stock has a market cap of $4.13 billion, a PE ratio of 8.18 and a beta of 1.23.

F&G Annuities & Life (NYSE:FG) last released its earnings results on Wednesday, May 6th. The company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). F&G Annuities & Life had a return on equity of 10.73% and a net margin of 8.89%.The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.46 billion. On average, research analysts forecast that F&G Annuities & Life, Inc. will post 3.66 EPS for the current year.

F&G Annuities & Life Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, June 16th. F&G Annuities & Life’s dividend payout ratio (DPR) is presently 26.25%.

Analysts Set New Price Targets

A number of research firms have recently commented on FG. Barclays dropped their price objective on F&G Annuities & Life from $31.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Wall Street Zen downgraded F&G Annuities & Life from a “buy” rating to a “hold” rating in a research note on Sunday, July 5th. Zacks Research raised F&G Annuities & Life to a “hold” rating in a report on Thursday, May 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of F&G Annuities & Life in a research report on Wednesday, June 24th. Finally, Raymond James Financial began coverage on F&G Annuities & Life in a report on Wednesday, May 6th. They set a “market perform” rating for the company. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, F&G Annuities & Life has an average rating of “Hold” and an average price target of $30.00.

F&G Annuities & Life 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.