Kelly Financial Group LLC Makes New $4.14 Million Investment in F&G Annuities & Life, Inc. (NYSE:FG)

Kelly Financial Group LLC purchased a new position in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 100,000 shares of the company's stock, valued at approximately $4,144,000. F&G Annuities & Life accounts for about 1.4% of Kelly Financial Group LLC's investment portfolio, making the stock its 16th biggest holding. Kelly Financial Group LLC owned 0.08% of F&G Annuities & Life at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FG. Blue Trust Inc. grew 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 valued at $25,000 after purchasing an additional 527 shares during the period. US Bancorp DE boosted its holdings in F&G Annuities & Life by 910.8% in the 4th quarter. US Bancorp DE now owns 3,932 shares of the company's stock worth $163,000 after buying an additional 3,543 shares during the last quarter. Iron Horse Wealth Management LLC boosted its holdings in F&G Annuities & Life by 32.1% in the 4th quarter. Iron Horse Wealth Management LLC now owns 4,275 shares of the company's stock worth $177,000 after buying an additional 1,040 shares during the last quarter. SG Americas Securities LLC increased its stake in F&G Annuities & Life by 45.6% during the 4th quarter. SG Americas Securities LLC now owns 5,516 shares of the company's stock worth $229,000 after buying an additional 1,728 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of F&G Annuities & Life during the third quarter valued at approximately $231,000. Hedge funds and other institutional investors own 95.86% of the company's stock.

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Analyst Ratings Changes

Several brokerages recently commented on FG. Stephens reiterated an "equal weight" rating and set a $47.00 price target on shares of F&G Annuities & Life in a research report on Monday, February 24th. Barclays lifted their target price on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th.

F&G Annuities & Life Price Performance

FG traded down $0.95 during trading on Thursday, reaching $40.87. The company's stock had a trading volume of 39,255 shares, compared to its average volume of 78,511. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 8.43 and a beta of 1.72. The firm has a fifty day simple moving average of $43.27 and a two-hundred day simple moving average of $43.45. F&G Annuities & Life, Inc. has a 1 year low of $34.90 and a 1 year high of $50.75. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.46.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.25 by ($0.13). The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.34 billion. F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. As a group, analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.

F&G Annuities & Life Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.22 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.88 annualized dividend and a yield of 2.15%. F&G Annuities & Life's payout ratio is 18.14%.

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.