Renaissance Technologies LLC Sells 50,327 Shares of F&G Annuities & Life, Inc. (NYSE:FG)

Renaissance Technologies LLC cut its holdings in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 56.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,300 shares of the company's stock after selling 50,327 shares during the period. Renaissance Technologies LLC's holdings in F&G Annuities & Life were worth $1,495,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Capital Advisors Wealth Management LLC increased its holdings in F&G Annuities & Life by 1.8% during the 2nd quarter. Capital Advisors Wealth Management LLC now owns 19,216 shares of the company's stock valued at $731,000 after purchasing an additional 344 shares during the period. Price T Rowe Associates Inc. MD lifted 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 purchasing an additional 819 shares during the period. Scarborough Advisors LLC bought a new stake in shares of F&G Annuities & Life during the 4th quarter valued at about $70,000. Rhumbline Advisers raised its stake in F&G Annuities & Life by 4.5% in the second quarter. Rhumbline Advisers now owns 35,808 shares of the company's stock worth $1,362,000 after buying an additional 1,551 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in F&G Annuities & Life by 24.4% in the second quarter. Commonwealth Equity Services LLC now owns 8,249 shares of the company's stock worth $314,000 after buying an additional 1,620 shares during the period. Hedge funds and other institutional investors own 95.86% of the company's stock.

Analysts Set New Price Targets

FG has been the topic of a number of research reports. Piper Sandler boosted their target price on shares of F&G Annuities & Life from $40.00 to $46.00 and gave the company a "neutral" rating in a report on Wednesday. Barclays assumed coverage on shares of F&G Annuities & Life in a report on Wednesday, September 4th. They set an "equal weight" rating and a $45.00 target price for the company.

F&G Annuities & Life Stock Up 2.2 %

NYSE:FG traded up $0.92 on Friday, reaching $43.28. 65,378 shares of the stock traded hands, compared to its average volume of 92,737. The company's fifty day simple moving average is $41.49 and its 200 day simple moving average is $40.36. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of 22.08 and a beta of 1.20. F&G Annuities & Life, Inc. has a 12 month low of $27.00 and a 12 month high of $48.71. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54.

F&G Annuities & Life (NYSE:FG - Get Free Report) last released its quarterly earnings data on Monday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.12. The business had revenue of $1.17 billion for 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%. Equities analysts predict that F&G Annuities & Life, Inc. will post 4.32 EPS for the current fiscal year.

F&G Annuities & Life Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Monday, September 16th. F&G Annuities & Life's payout ratio is presently 42.86%.

F&G Annuities & Life Company 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.