Bank of New York Mellon Corp Raises Position in F&G Annuities & Life, Inc. (NYSE:FG)

Bank of New York Mellon Corp lifted its holdings in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 8.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 256,267 shares of the company's stock after acquiring an additional 20,559 shares during the period. Bank of New York Mellon Corp owned 0.20% of F&G Annuities & Life worth $10,620,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. State Street Corp raised its stake in F&G Annuities & Life by 1.2% during the 3rd quarter. State Street Corp now owns 413,210 shares of the company's stock valued at $18,479,000 after acquiring an additional 4,910 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of F&G Annuities & Life by 0.9% in the third quarter. Geode Capital Management LLC now owns 405,047 shares of the company's stock valued at $18,117,000 after purchasing an additional 3,453 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of F&G Annuities & Life by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 201,582 shares of the company's stock worth $9,015,000 after purchasing an additional 10,584 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of F&G Annuities & Life during the third quarter worth $6,369,000. Finally, Fisher Funds Management LTD purchased a new position in F&G Annuities & Life in the 4th quarter valued at $5,421,000. 95.86% of the stock is owned by institutional investors and hedge funds.

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F&G Annuities & Life Price Performance

F&G Annuities & Life stock traded up $0.08 during midday trading on Monday, reaching $42.59. The company's stock had a trading volume of 68,435 shares, compared to its average volume of 74,571. The firm has a market capitalization of $5.40 billion, a PE ratio of 8.78 and a beta of 1.72. F&G Annuities & Life, Inc. has a fifty-two week low of $34.90 and a fifty-two week high of $50.75. The stock's 50 day simple moving average is $43.13 and its 200 day simple moving average is $43.42. 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 (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). F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.34 billion. On average, equities research analysts forecast that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current year.

F&G Annuities & Life Announces Dividend

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

Analyst Upgrades and Downgrades

FG has been the subject of several recent analyst reports. Stephens restated an "equal weight" rating and issued a $47.00 target price on shares of F&G Annuities & Life in a research note on Monday, February 24th. Barclays raised their price objective 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.

F&G Annuities & Life Company Profile

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.