Susquehanna Portfolio Strategies LLC Decreases Stake in F&G Annuities & Life, Inc. (NYSE:FG)

Susquehanna Portfolio Strategies LLC decreased its position in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 56.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,300 shares of the company's stock after selling 17,161 shares during the period. Susquehanna Portfolio Strategies LLC's holdings in F&G Annuities & Life were worth $506,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FG. Vanguard Group Inc. lifted its position in F&G Annuities & Life by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 1,878,492 shares of the company's stock worth $76,173,000 after acquiring an additional 21,253 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of F&G Annuities & Life by 25.1% during the second quarter. Dimensional Fund Advisors LP now owns 322,714 shares of the company's stock worth $12,282,000 after acquiring an additional 64,669 shares during the period. Bank of New York Mellon Corp raised its holdings in F&G Annuities & Life by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 250,314 shares of the company's stock worth $9,524,000 after purchasing an additional 3,331 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in F&G Annuities & Life by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 187,590 shares of the company's stock worth $8,629,000 after purchasing an additional 2,695 shares in the last quarter. Finally, Norges Bank acquired a new position in F&G Annuities & Life during the 4th quarter worth approximately $8,203,000. Hedge funds and other institutional investors own 95.86% of the company's stock.

F&G Annuities & Life Price Performance

Shares of NYSE:FG traded up $1.20 during midday trading on Friday, hitting $44.30. 57,691 shares of the stock were exchanged, compared to its average volume of 93,470. F&G Annuities & Life, Inc. has a twelve month low of $26.12 and a twelve month high of $48.71. The stock has a market cap of $5.59 billion, a P/E ratio of 22.60 and a beta of 1.20. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The company has a 50 day moving average price of $41.55 and a 200-day moving average price of $40.19.

F&G Annuities & Life (NYSE:FG - Get Free Report) last released its quarterly earnings results on Monday, August 5th. The company reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.12. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.36 billion. F&G Annuities & Life had a return on equity of 13.94% and a net margin of 6.25%. On average, research analysts forecast that F&G Annuities & Life, Inc. will post 4.32 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, September 30th. Stockholders 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 dividend yield of 1.90%. The ex-dividend date of this dividend is Monday, September 16th. F&G Annuities & Life's dividend payout ratio is presently 42.86%.

Wall Street Analysts Forecast Growth

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

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.