Denali Advisors LLC Sells 15,715 Shares of F&G Annuities & Life, Inc. (NYSE:FG)

Denali Advisors LLC cut its stake in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 55.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,500 shares of the company's stock after selling 15,715 shares during the period. Denali Advisors LLC's holdings in F&G Annuities & Life were worth $518,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. increased its position in shares of F&G Annuities & Life by 1,386.8% in the third quarter. Blue Trust Inc. now owns 565 shares of the company's stock worth $25,000 after purchasing an additional 527 shares during the last quarter. Cannon Global Investment Management LLC purchased a new stake in shares of F&G Annuities & Life during the 3rd quarter valued at $362,000. Arthur M. Cohen & Associates LLC raised its position in shares of F&G Annuities & Life by 2.1% during the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 34,815 shares of the company's stock valued at $1,468,000 after buying an additional 725 shares in the last quarter. Crescent Grove Advisors LLC lifted its holdings in shares of F&G Annuities & Life by 21.2% during the 3rd quarter. Crescent Grove Advisors LLC now owns 24,837 shares of the company's stock worth $1,111,000 after acquiring an additional 4,341 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in F&G Annuities & Life by 23.1% in the third quarter. Principal Financial Group Inc. now owns 120,336 shares of the company's stock worth $5,381,000 after acquiring an additional 22,550 shares in the last quarter. 95.86% of the stock is currently owned by hedge funds and other institutional investors.

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F&G Annuities & Life Trading Up 2.4 %

NYSE FG traded up $1.00 during trading on Friday, hitting $42.57. 170,952 shares of the company's stock traded hands, compared to its average volume of 79,263. The stock has a fifty day moving average of $43.29 and a two-hundred day moving average of $43.41. 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 cap of $5.37 billion, a P/E ratio of 8.78 and a beta of 1.66. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.25 and a quick ratio of 0.25.

F&G Annuities & Life (NYSE:FG - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.13). The company had revenue of $1.56 billion for the quarter, compared to analysts' expectations of $1.34 billion. F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. As a group, sell-side analysts expect that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.

F&G Annuities & Life Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Monday, March 17th. F&G Annuities & Life's dividend payout ratio is 18.14%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Stephens reiterated an "equal weight" rating and set a $47.00 price objective on shares of F&G Annuities & Life in a research report on Monday, February 24th. Barclays increased their price target on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the company an "equal weight" rating in a research report on Monday, January 6th.

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.