SG Americas Securities LLC Invests $169,000 in F&G Annuities & Life, Inc. (NYSE:FG)

SG Americas Securities LLC purchased a new stake in shares of F&G Annuities & Life, Inc. (NYSE:FG) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,788 shares of the company’s stock, valued at approximately $169,000.

Several other large investors have also recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its position in F&G Annuities & Life by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 15,088 shares of the company’s stock valued at $574,000 after purchasing an additional 272 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of F&G Annuities & Life in the second quarter worth $350,000. Denali Advisors LLC raised its holdings in shares of F&G Annuities & Life by 14,687.8% during the second quarter. Denali Advisors LLC now owns 17,006 shares of the company’s stock worth $647,000 after acquiring an additional 16,891 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of F&G Annuities & Life by 25.1% during the second quarter. Dimensional Fund Advisors LP now owns 322,714 shares of the company’s stock worth $12,282,000 after acquiring an additional 64,669 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in F&G Annuities & Life during the second quarter valued at $215,000. 95.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FG has been the subject of a number of recent research reports. Barclays cut their price target on F&G Annuities & Life from $45.00 to $44.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 8th. Piper Sandler raised their price objective on shares of F&G Annuities & Life from $40.00 to $46.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd.

F&G Annuities & Life Trading Up 1.1 %

F&G Annuities & Life stock opened at $42.64 on Thursday. F&G Annuities & Life, Inc. has a one year low of $28.77 and a one year high of $48.71. The company’s fifty day moving average price is $42.37 and its two-hundred day moving average price is $40.61. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 21.76 and a beta of 1.20.

F&G Annuities & Life (NYSE:FG) last issued its quarterly earnings data on Monday, August 5th. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.12. F&G Annuities & Life had a return on equity of 13.94% and a net margin of 6.25%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.36 billion. On average, analysts forecast that F&G Annuities & Life, Inc. will post 4.32 earnings per share for the current fiscal year.

F&G Annuities & Life Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Monday, September 16th. F&G Annuities & Life’s dividend payout ratio is 42.86%.

F&G Annuities & Life Profile

F&G Annuities & Life, Inc provides fixed annuities and life insurance products in the United States. The company portfolio includes fixed indexed annuities, multi-year guarantee annuities, and pension risk transfer solution, as well as indexed universal life insurance, institutional funding agreements, and index-linked annuities.