American Century Companies Inc. Boosts Holdings in F&G Annuities & Life, Inc. (NYSE:FG)

American Century Companies Inc. boosted its stake in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 218.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 118,592 shares of the company's stock after buying an additional 81,328 shares during the quarter. American Century Companies Inc. owned approximately 0.09% of F&G Annuities & Life worth $4,512,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FG. Scarborough Advisors LLC bought a new position in shares of F&G Annuities & Life in the 4th quarter worth about $70,000. Iron Horse Wealth Management LLC raised its position in shares of F&G Annuities & Life by 723.4% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 2,923 shares of the company's stock worth $111,000 after acquiring an additional 2,568 shares in the last quarter. Belpointe Asset Management LLC bought a new position in shares of F&G Annuities & Life in the 4th quarter worth about $217,000. Price T Rowe Associates Inc. MD raised its position in shares of F&G Annuities & Life by 18.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,371 shares of the company's stock worth $218,000 after acquiring an additional 819 shares in the last quarter. Finally, Convergence Investment Partners LLC bought a new position in shares of F&G Annuities & Life in the 2nd quarter worth about $205,000. 95.86% of the stock is owned by institutional investors and hedge funds.

F&G Annuities & Life Stock Up 2.4 %

FG stock traded up $1.00 during mid-day trading on Thursday, reaching $43.10. 65,240 shares of the company traded hands, compared to its average volume of 93,663. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 21.99 and a beta of 1.20. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. F&G Annuities & Life, Inc. has a fifty-two week low of $26.12 and a fifty-two week high of $48.71. The firm's 50 day moving average price is $41.57 and its 200 day moving average price is $40.06.

F&G Annuities & Life (NYSE:FG - Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.12. F&G Annuities & Life had a return on equity of 13.94% and a net margin of 6.25%. The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.36 billion. As a group, equities research analysts predict that F&G Annuities & Life, Inc. will post 4.32 EPS for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Monday, September 16th. F&G Annuities & Life's payout ratio is 42.86%.

Analysts Set New Price Targets

A number of analysts recently commented on FG shares. Barclays started coverage on F&G Annuities & Life in a research report on Wednesday, September 4th. They issued an "equal weight" rating and a $45.00 target price for the company. Piper Sandler decreased their target price on F&G Annuities & Life from $43.00 to $42.00 and set a "neutral" rating for the company in a research report on Friday, June 28th.

About F&G Annuities & Life

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.