Principal Financial Group Inc. Purchases 22,550 Shares of F&G Annuities & Life, Inc. (NYSE:FG)

Principal Financial Group Inc. increased its stake in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 23.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 120,336 shares of the company's stock after purchasing an additional 22,550 shares during the quarter. Principal Financial Group Inc. owned approximately 0.10% of F&G Annuities & Life worth $5,381,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Blue Trust Inc. increased its holdings 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 purchasing an additional 527 shares during the last quarter. Iron Horse Wealth Management LLC boosted its stake in F&G Annuities & Life by 723.4% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 2,923 shares of the company's stock valued at $111,000 after purchasing an additional 2,568 shares during the last quarter. SG Americas Securities LLC purchased a new stake in F&G Annuities & Life in the 3rd quarter valued at about $169,000. Convergence Investment Partners LLC purchased a new stake in shares of F&G Annuities & Life during the 2nd quarter valued at approximately $205,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in F&G Annuities & Life during the second quarter worth about $215,000. 95.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

F&G Annuities & Life Trading Up 4.0 %

Shares of NYSE FG traded up $1.82 during midday trading on Thursday, reaching $47.23. 25,622 shares of the company traded hands, compared to its average volume of 87,185. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.25 and a quick ratio of 0.25. The stock has a 50-day moving average price of $43.22 and a 200 day moving average price of $41.44. F&G Annuities & Life, Inc. has a 52 week low of $34.90 and a 52 week high of $48.71.

F&G Annuities & Life (NYSE:FG - Get Free Report) last issued its quarterly 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 company 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 posted $0.96 EPS. As a group, sell-side analysts anticipate that F&G Annuities & Life, Inc. will post 4.32 earnings per share for the current fiscal year.

F&G Annuities & Life Increases Dividend

The firm 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 $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Tuesday, December 17th. This is a boost from F&G Annuities & Life's previous quarterly dividend of $0.21. F&G Annuities & Life's payout ratio is currently -1,399.77%.

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.