Principal Financial Group Inc. raised its holdings in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 23.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,336 shares of the company's stock after buying an additional 22,550 shares during the period. Principal Financial Group Inc. owned about 0.10% of F&G Annuities & Life worth $5,381,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of FG. Blue Trust Inc. grew its stake 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 buying an additional 527 shares in the last quarter. Iron Horse Wealth Management LLC boosted its holdings in 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 during the period. SG Americas Securities LLC acquired a new stake in F&G Annuities & Life in the third quarter valued at approximately $169,000. Convergence Investment Partners LLC purchased a new stake in shares of F&G Annuities & Life during the second quarter valued at approximately $205,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of F&G Annuities & Life during the second quarter worth $215,000. 95.86% of the stock is owned by institutional investors and hedge funds.
F&G Annuities & Life Stock Down 0.5 %
Shares of NYSE:FG opened at $45.41 on Thursday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.46. The company has a fifty day simple moving average of $43.22 and a 200 day simple moving average of $41.44. The firm has a market cap of $5.73 billion, a PE ratio of -756.71 and a beta of 1.32. F&G Annuities & Life, Inc. has a 12-month low of $34.90 and a 12-month high of $48.71.
F&G Annuities & Life (NYSE:FG - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.03. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.18 billion. F&G Annuities & Life had a net margin of 0.22% and a return on equity of 13.05%. During the same quarter in the previous year, the firm earned $0.96 EPS. On average, equities research analysts anticipate that F&G Annuities & Life, Inc. will post 4.32 EPS for the current fiscal 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 issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date 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 (DPR) is currently -1,399.77%.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on FG. Barclays lifted their price target on shares of F&G Annuities & Life from $44.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. Piper Sandler boosted their price target on F&G Annuities & Life from $40.00 to $46.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 2nd.
Read Our Latest Research Report on FG
F&G Annuities & Life Profile
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Free Report)
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.
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