Intech Investment Management LLC Raises Stock Holdings in F&G Annuities & Life, Inc. $FG

Intech Investment Management LLC lifted its stake in F&G Annuities & Life, Inc. (NYSE:FG) by 16.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 12,555 shares of the company’s stock after purchasing an additional 1,792 shares during the quarter. Intech Investment Management LLC’s holdings in F&G Annuities & Life were worth $402,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Police & Firemen s Retirement System of New Jersey grew its stake in shares of F&G Annuities & Life by 22.0% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 4,954 shares of the company’s stock valued at $158,000 after acquiring an additional 892 shares during the period. Geode Capital Management LLC lifted its holdings in F&G Annuities & Life by 12.6% during the second quarter. Geode Capital Management LLC now owns 509,212 shares of the company’s stock valued at $16,286,000 after purchasing an additional 57,032 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in shares of F&G Annuities & Life in the second quarter worth approximately $1,916,000. CSM Advisors LLC purchased a new stake in shares of F&G Annuities & Life in the second quarter worth $3,863,000. Finally, Moors & Cabot Inc. increased its stake in shares of F&G Annuities & Life by 67.2% in the second quarter. Moors & Cabot Inc. now owns 57,348 shares of the company’s stock worth $1,834,000 after purchasing an additional 23,058 shares in the last quarter. 95.86% of the stock is owned by hedge funds and other institutional investors.

F&G Annuities & Life Trading Down 0.4%

Shares of FG stock opened at $32.31 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 9.48 and a beta of 1.48. F&G Annuities & Life, Inc. has a 12-month low of $28.70 and a 12-month high of $49.41. The stock’s 50-day moving average price is $30.73 and its 200-day moving average price is $32.02.

F&G Annuities & Life (NYSE:FG) last announced its quarterly 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 11.41% and a net margin of 8.40%.The company had revenue of $496.00 million during the quarter. Equities research analysts predict that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.1%. This is a boost from F&G Annuities & Life’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, December 17th. F&G Annuities & Life’s payout ratio is 25.81%.

Insider Buying and Selling at F&G Annuities & Life

In other F&G Annuities & Life news, EVP Leena Punjabi sold 3,000 shares of F&G Annuities & Life stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $33.81, for a total value of $101,430.00. Following the completion of the transaction, the executive vice president directly owned 64,064 shares of the company’s stock, valued at $2,166,003.84. This trade represents a 4.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Christopher O. Blunt bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were acquired at an average price of $29.88 per share, for a total transaction of $149,400.00. Following the completion of the transaction, the chief executive officer directly owned 1,146,419 shares in the company, valued at approximately $34,254,999.72. This represents a 0.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Barclays lowered their target price on shares of F&G Annuities & Life from $40.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 8th. Wall Street Zen upgraded F&G Annuities & Life from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of F&G Annuities & Life in a research report on Monday, November 24th. Zacks Research raised F&G Annuities & Life from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Finally, Piper Sandler set a $33.00 price target on F&G Annuities & Life in a report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, F&G Annuities & Life presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.33.

F&G Annuities & Life 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.