Jane Street Group LLC lessened its position in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 76.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,173 shares of the company's stock after selling 42,284 shares during the period. Jane Street Group LLC's holdings in F&G Annuities & Life were worth $589,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in FG. Principal Financial Group Inc. increased its holdings in F&G Annuities & Life by 23.1% in the 3rd quarter. Principal Financial Group Inc. now owns 120,336 shares of the company's stock valued at $5,381,000 after purchasing an additional 22,550 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in F&G Annuities & Life in the third quarter valued at approximately $521,000. Denali Advisors LLC lifted its position in shares of F&G Annuities & Life by 14,687.8% during the second quarter. Denali Advisors LLC now owns 17,006 shares of the company's stock worth $647,000 after purchasing an additional 16,891 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of F&G Annuities & Life by 25.1% in the second quarter. Dimensional Fund Advisors LP now owns 322,714 shares of the company's stock valued at $12,282,000 after purchasing an additional 64,669 shares during the period. Finally, American Century Companies Inc. increased its stake in F&G Annuities & Life by 218.2% during the 2nd quarter. American Century Companies Inc. now owns 118,592 shares of the company's stock worth $4,512,000 after buying an additional 81,328 shares during the period. 95.86% of the stock is currently owned by institutional investors and hedge funds.
F&G Annuities & Life Stock Up 3.1 %
NYSE FG traded up $1.26 on Friday, hitting $42.39. 50,000 shares of the stock traded hands, compared to its average volume of 49,900. The stock has a 50-day moving average of $44.35 and a 200 day moving average of $42.50. F&G Annuities & Life, Inc. has a twelve month low of $34.90 and a twelve month high of $50.75. The company has a market capitalization of $5.35 billion, a P/E ratio of -706.38 and a beta of 1.64. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.46.
F&G Annuities & Life (NYSE:FG - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.03. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.18 billion. F&G Annuities & Life had a return on equity of 13.05% and a net margin of 0.22%. During the same period in the prior year, the company posted $0.96 EPS. As a group, analysts expect 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend was Tuesday, December 17th. This is an increase from F&G Annuities & Life's previous quarterly dividend of $0.21. F&G Annuities & Life's dividend payout ratio is currently -1,466.67%.
Analysts Set New Price Targets
A number of analysts have recently issued reports on FG shares. Piper Sandler lifted their target price 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. Barclays lifted their price objective on 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.
Read Our Latest Report on F&G Annuities & Life
F&G Annuities & Life Company Profile
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Free Report)
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.
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