Victory Capital Management Inc. Boosts Holdings in F&G Annuities & Life, Inc. (NYSE:FG)

Victory Capital Management Inc. boosted its stake in shares of F&G Annuities & Life, Inc. (NYSE:FGFree Report) by 22.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,589 shares of the company’s stock after purchasing an additional 3,081 shares during the period. Victory Capital Management Inc.’s holdings in F&G Annuities & Life were worth $763,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. CVA Family Office LLC purchased a new position in shares of F&G Annuities & Life in the 4th quarter valued at about $25,000. Cary Street Partners Investment Advisory LLC raised its stake in shares of F&G Annuities & Life by 436.6% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,481 shares of the company’s stock worth $42,000 after buying an additional 1,205 shares during the period. International Assets Investment Management LLC purchased a new position in shares of F&G Annuities & Life during the 4th quarter valued at approximately $55,000. ORG Partners LLC acquired a new stake in F&G Annuities & Life in the 4th quarter valued at $130,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in F&G Annuities & Life by 21.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,648 shares of the company’s stock worth $187,000 after acquiring an additional 1,190 shares in the last quarter. Hedge funds and other institutional investors own 95.86% of the company’s stock.

F&G Annuities & Life Stock Performance

NYSE:FG opened at $41.76 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.21 and a current ratio of 0.21. The stock has a market capitalization of $5.27 billion, a PE ratio of 21.31 and a beta of 1.32. F&G Annuities & Life, Inc. has a fifty-two week low of $19.77 and a fifty-two week high of $48.71. The company has a fifty day moving average of $39.35 and a two-hundred day moving average of $41.41.

F&G Annuities & Life (NYSE:FGGet Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.42). F&G Annuities & Life had a net margin of 4.85% and a return on equity of 13.22%. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.18 billion. As a group, research analysts forecast that F&G Annuities & Life, Inc. will post 4.38 earnings per share for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Friday, June 14th. F&G Annuities & Life’s dividend payout ratio is presently 42.86%.

About F&G Annuities & Life

(Free Report)

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.

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Institutional Ownership by Quarter for F&G Annuities & Life (NYSE:FG)

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