Barclays PLC Grows Position in F&G Annuities & Life, Inc. (NYSE:FG)

Barclays PLC increased its holdings in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 527.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,524 shares of the company's stock after buying an additional 35,750 shares during the period. Barclays PLC's holdings in F&G Annuities & Life were worth $1,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in FG. Hotchkis & Wiley Capital Management LLC purchased a new stake in F&G Annuities & Life during the 3rd quarter valued at about $6,369,000. American Century Companies Inc. increased its holdings in shares of F&G Annuities & Life by 218.2% in the second quarter. American Century Companies Inc. now owns 118,592 shares of the company's stock valued at $4,512,000 after purchasing an additional 81,328 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in 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 buying an additional 64,669 shares in the last quarter. Principal Financial Group Inc. boosted its stake in F&G Annuities & Life by 23.1% during the third quarter. Principal Financial Group Inc. now owns 120,336 shares of the company's stock worth $5,381,000 after buying an additional 22,550 shares during the last quarter. Finally, Denali Advisors LLC grew its holdings in F&G Annuities & Life by 14,687.8% in the 2nd quarter. Denali Advisors LLC now owns 17,006 shares of the company's stock valued at $647,000 after buying an additional 16,891 shares in the last quarter. Institutional investors and hedge funds own 95.86% of the company's stock.

Wall Street Analysts Forecast Growth

FG has been the subject of several recent analyst reports. Piper Sandler raised their price objective on shares of 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. Barclays raised their price target on shares of F&G Annuities & Life from $44.00 to $46.00 and gave the stock an "equal weight" rating in a report on Friday, November 8th.

F&G Annuities & Life Stock Down 2.3 %

NYSE:FG traded down $0.97 during midday trading on Friday, reaching $41.52. The company had a trading volume of 41,062 shares, compared to its average volume of 84,531. F&G Annuities & Life, Inc. has a 12-month low of $34.90 and a 12-month high of $50.75. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of -691.88 and a beta of 1.47. 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 stock's fifty day simple moving average is $44.40 and its 200-day simple moving average is $42.30.

F&G Annuities & Life (NYSE:FG - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.03. The business had revenue of $1.44 billion during the quarter, compared to analysts' expectations 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 period in the previous year, the company earned $0.96 EPS. On average, sell-side analysts anticipate that F&G Annuities & Life, Inc. will post 4.43 earnings per share for the current fiscal year.

F&G Annuities & Life Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.88 dividend on an annualized basis and a yield of 2.12%. This is a boost from F&G Annuities & Life's previous quarterly dividend of $0.21. F&G Annuities & Life's dividend payout ratio (DPR) is presently -1,466.67%.

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.