Hotchkis & Wiley Capital Management LLC Buys Shares of 142,410 F&G Annuities & Life, Inc. (NYSE:FG)

Hotchkis & Wiley Capital Management LLC acquired a new position in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 142,410 shares of the company's stock, valued at approximately $6,369,000. Hotchkis & Wiley Capital Management LLC owned approximately 0.11% of F&G Annuities & Life as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in F&G Annuities & Life by 18.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,371 shares of the company's stock worth $218,000 after purchasing an additional 819 shares in the last quarter. Capital Advisors Wealth Management LLC increased its stake in shares of F&G Annuities & Life by 1.8% during the second quarter. Capital Advisors Wealth Management LLC now owns 19,216 shares of the company's stock worth $731,000 after buying an additional 344 shares during the period. Iron Horse Wealth Management LLC grew its position in shares of F&G Annuities & Life by 723.4% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 2,923 shares of the company's stock valued at $111,000 after buying an additional 2,568 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in F&G Annuities & Life by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 250,314 shares of the company's stock worth $9,524,000 after purchasing an additional 3,331 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in shares of F&G Annuities & Life by 24.4% during the second quarter. Commonwealth Equity Services LLC now owns 8,249 shares of the company's stock worth $314,000 after acquiring an additional 1,620 shares during the period. 95.86% of the stock is owned by hedge funds and other institutional investors.

F&G Annuities & Life Stock Performance

Shares of F&G Annuities & Life stock traded up $0.07 during trading on Friday, hitting $46.76. 43,686 shares of the stock were exchanged, compared to its average volume of 85,942. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.46. The company has a fifty day moving average price of $44.47 and a 200-day moving average price of $41.98. The stock has a market capitalization of $5.90 billion, a price-to-earnings ratio of -778.04 and a beta of 1.47. F&G Annuities & Life, Inc. has a 1-year low of $34.90 and a 1-year high of $50.75.

F&G Annuities & Life (NYSE:FG - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.03. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.18 billion. F&G Annuities & Life had a net margin of 0.22% and a return on equity of 13.05%. During the same quarter last year, the business earned $0.96 EPS. As a group, equities analysts predict that F&G Annuities & Life, Inc. will post 4.32 EPS for the current fiscal year.

F&G Annuities & Life Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This is a boost from F&G Annuities & Life's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 1.88%. F&G Annuities & Life's dividend payout ratio is currently -1,399.77%.

Analyst Ratings Changes

A number of brokerages have weighed in on FG. Barclays raised their price objective on F&G Annuities & Life from $44.00 to $46.00 and gave the company an "equal weight" rating in a research note on Friday, November 8th. Piper Sandler raised their price objective on F&G Annuities & Life from $40.00 to $46.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 2nd.

F&G Annuities & Life Company 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.