Point72 Asset Management L.P. Takes Position in F&G Annuities & Life, Inc. (NYSE:FG)

Point72 Asset Management L.P. bought a new position in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,650 shares of the company's stock, valued at approximately $521,000.

A number of other large investors have also added to or reduced their stakes in the stock. Blue Trust Inc. increased 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 worth $25,000 after purchasing an additional 527 shares during the period. Iron Horse Wealth Management LLC grew its stake in F&G Annuities & Life by 723.4% during the second quarter. Iron Horse Wealth Management LLC now owns 2,923 shares of the company's stock worth $111,000 after buying an additional 2,568 shares in the last quarter. SG Americas Securities LLC bought a new position in F&G Annuities & Life in the 3rd quarter valued at about $169,000. Convergence Investment Partners LLC acquired a new position in shares of F&G Annuities & Life in the 2nd quarter valued at approximately $205,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of F&G Annuities & Life during the 2nd quarter worth approximately $215,000. Institutional investors and hedge funds own 95.86% of the company's stock.

F&G Annuities & Life Trading Down 2.0 %

Shares of FG stock traded down $0.90 during trading hours on Thursday, hitting $43.84. 34,694 shares of the company's stock traded hands, compared to its average volume of 85,474. 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, Inc. has a 12 month low of $34.90 and a 12 month high of $50.75. The stock has a market cap of $5.53 billion, a PE ratio of -730.67 and a beta of 1.47. The stock's 50 day simple moving average is $44.63 and its 200 day simple moving average is $42.10.

F&G Annuities & Life (NYSE:FG - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.19 by $0.03. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate 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 previous year, the business earned $0.96 EPS. On average, sell-side analysts anticipate that F&G Annuities & Life, Inc. will post 4.43 EPS for the current year.

F&G Annuities & Life Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is 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%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barclays lifted their price target on F&G Annuities & Life from $44.00 to $46.00 and gave the company an "equal weight" rating in a research note on Friday, November 8th. Piper Sandler increased their target price on F&G Annuities & Life from $40.00 to $46.00 and gave the company a "neutral" rating in a research report on Wednesday, October 2nd.

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.