Principal Financial Group Inc. Purchases 22,550 Shares of F&G Annuities & Life, Inc. (NYSE:FG)

Principal Financial Group Inc. increased its position in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 23.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 120,336 shares of the company's stock after buying an additional 22,550 shares during the period. Principal Financial Group Inc. owned 0.10% of F&G Annuities & Life worth $5,381,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in F&G Annuities & Life by 1,386.8% during the third quarter. Blue Trust Inc. now owns 565 shares of the company's stock valued at $25,000 after acquiring an additional 527 shares during the period. Iron Horse Wealth Management LLC boosted its stake in F&G Annuities & Life by 10.7% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 3,235 shares of the company's stock valued at $145,000 after purchasing an additional 312 shares during the period. SG Americas Securities LLC acquired a new stake in F&G Annuities & Life in the 3rd quarter valued at approximately $169,000. Convergence Investment Partners LLC bought a new position in F&G Annuities & Life in the 2nd quarter worth approximately $205,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of F&G Annuities & Life during the second quarter worth approximately $215,000. Institutional investors own 95.86% of the company's stock.

F&G Annuities & Life Trading Down 0.7 %

NYSE:FG traded down $0.31 on Thursday, hitting $41.13. 49,896 shares of the stock were exchanged, compared to its average volume of 84,148. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.25 and a current ratio of 0.25. F&G Annuities & Life, Inc. has a 52 week low of $34.90 and a 52 week high of $50.75. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of -685.39 and a beta of 1.47. The company's 50-day moving average price is $44.33 and its 200 day moving average price is $42.40.

F&G Annuities & Life (NYSE:FG - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.03. The firm 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 in the previous year, the business earned $0.96 EPS. On average, equities research analysts forecast that F&G Annuities & Life, Inc. will post 4.43 earnings per share for the current year.

F&G Annuities & Life Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were paid a dividend of $0.22 per share. This is a positive change from F&G Annuities & Life's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.88 annualized dividend and a yield of 2.14%. F&G Annuities & Life's dividend payout ratio (DPR) is presently -1,466.67%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FG. Piper Sandler increased their price objective on shares of F&G Annuities & Life from $40.00 to $46.00 and gave the company a "neutral" rating in a research note on Wednesday, October 2nd. Barclays increased 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 research report on Friday, November 8th.

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.