Walleye Capital LLC Acquires New Shares in F&G Annuities & Life, Inc. $FG

Walleye Capital LLC acquired a new stake in F&G Annuities & Life, Inc. (NYSE:FG) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 80,122 shares of the company’s stock, valued at approximately $2,888,000. Walleye Capital LLC owned approximately 0.06% of F&G Annuities & Life at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new stake in shares of F&G Annuities & Life in the fourth quarter valued at about $114,000. Ameriflex Group Inc. bought a new position in F&G Annuities & Life in the fourth quarter worth about $144,000. Iron Horse Wealth Management LLC raised its holdings in F&G Annuities & Life by 9.5% in the first quarter. Iron Horse Wealth Management LLC now owns 4,679 shares of the company’s stock worth $169,000 after purchasing an additional 404 shares in the last quarter. US Bancorp DE raised its holdings in F&G Annuities & Life by 19.9% in the first quarter. US Bancorp DE now owns 4,716 shares of the company’s stock worth $170,000 after purchasing an additional 784 shares in the last quarter. Finally, Mackenzie Financial Corp bought a new position in F&G Annuities & Life in the fourth quarter worth about $210,000. 95.86% of the stock is currently owned by institutional investors.

F&G Annuities & Life Price Performance

Shares of FG stock opened at $34.66 on Thursday. The stock’s 50-day simple moving average is $32.54 and its 200-day simple moving average is $35.06. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 13.98 and a beta of 1.55. F&G Annuities & Life, Inc. has a fifty-two week low of $30.01 and a fifty-two week high of $50.75. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.26 and a current ratio of 0.26.

F&G Annuities & Life (NYSE:FG) last issued its earnings results on Wednesday, August 6th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $1.35 billion. F&G Annuities & Life had a return on equity of 11.51% and a net margin of 6.45%. As a group, equities analysts forecast that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current fiscal year.

F&G Annuities & Life Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, September 16th. F&G Annuities & Life’s dividend payout ratio is currently 35.48%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Barclays boosted their target price on shares of F&G Annuities & Life from $37.00 to $40.00 and gave the stock an “equal weight” rating in a report on Thursday, August 7th. Wall Street Zen upgraded shares of F&G Annuities & Life from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, F&G Annuities & Life currently has an average rating of “Hold” and a consensus price target of $44.33.

About F&G Annuities & Life

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.