Oppenheimer Asset Management Inc. Takes $215,000 Position in F&G Annuities & Life, Inc. (NYSE:FG)

Oppenheimer Asset Management Inc. bought a new stake in F&G Annuities & Life, Inc. (NYSE:FG) during the second quarter, Holdings Channel reports. The institutional investor bought 5,643 shares of the company’s stock, valued at approximately $215,000.

A number of other large investors also recently modified their holdings of FG. Charles Schwab Investment Management Inc. lifted its holdings in shares of F&G Annuities & Life by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 187,590 shares of the company’s stock valued at $8,629,000 after purchasing an additional 2,695 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of F&G Annuities & Life during the fourth quarter valued at approximately $367,000. Norges Bank purchased a new stake in shares of F&G Annuities & Life during the fourth quarter valued at approximately $8,203,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of F&G Annuities & Life during the fourth quarter valued at approximately $263,000. Finally, Belpointe Asset Management LLC purchased a new stake in shares of F&G Annuities & Life during the fourth quarter valued at approximately $217,000. Institutional investors own 95.86% of the company’s stock.

F&G Annuities & Life Stock Performance

NYSE:FG opened at $42.38 on Monday. 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 business has a fifty day simple moving average of $41.69 and a two-hundred day simple moving average of $39.96. F&G Annuities & Life, Inc. has a 1 year low of $26.12 and a 1 year high of $48.71. The company has a market capitalization of $5.35 billion, a P/E ratio of 21.62 and a beta of 1.20.

F&G Annuities & Life (NYSE:FG) last released its earnings results 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. F&G Annuities & Life had a return on equity of 13.94% and a net margin of 6.25%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.36 billion. On average, analysts expect that F&G Annuities & Life, Inc. will post 4.32 earnings per share for the current year.

F&G Annuities & Life Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.21 dividend. 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 currently 42.86%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FG. Piper Sandler decreased their price target on 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. Barclays began coverage on F&G Annuities & Life in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $45.00 price target for the company.

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.