Rhumbline Advisers Has $1.36 Million Stake in F&G Annuities & Life, Inc. (NYSE:FG)

Rhumbline Advisers lifted its stake in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 4.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,808 shares of the company’s stock after buying an additional 1,551 shares during the quarter. Rhumbline Advisers’ holdings in F&G Annuities & Life were worth $1,362,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Capital Advisors Wealth Management LLC grew its position in shares of 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 worth $731,000 after buying an additional 344 shares during the period. Price T Rowe Associates Inc. MD grew its position in 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 valued at $218,000 after purchasing an additional 819 shares during the period. Scarborough Advisors LLC acquired a new stake in F&G Annuities & Life in the 4th quarter valued at $70,000. Commonwealth Equity Services LLC grew its position in F&G Annuities & Life by 24.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 8,249 shares of the company’s stock valued at $314,000 after purchasing an additional 1,620 shares during the period. Finally, Iron Horse Wealth Management LLC grew its position 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 valued at $111,000 after purchasing an additional 2,568 shares during the period. Institutional investors and hedge funds own 95.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FG shares. Barclays started coverage on shares of F&G Annuities & Life in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $45.00 price target for the company. Piper Sandler reduced their price target on shares of F&G Annuities & Life from $43.00 to $42.00 and set a “neutral” rating for the company in a research report on Friday, June 28th.

F&G Annuities & Life Price Performance

FG opened at $42.38 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 21.62 and a beta of 1.20. The firm’s fifty day moving average price is $41.69 and its two-hundred day moving average price is $39.92. F&G Annuities & Life, Inc. has a 1 year low of $26.12 and a 1 year high of $48.71.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings data on Monday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.12. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.36 billion. F&G Annuities & Life had a net margin of 6.25% and a return on equity of 13.94%. As a group, analysts anticipate that F&G Annuities & Life, Inc. will post 4.32 earnings per share for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Monday, September 16th. F&G Annuities & Life’s dividend payout ratio is 42.86%.

About F&G Annuities & Life

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.