GSA Capital Partners LLP Makes New $231,000 Investment in F&G Annuities & Life, Inc. (NYSE:FG)

GSA Capital Partners LLP bought a new stake in F&G Annuities & Life, Inc. (NYSE:FG) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,157 shares of the company’s stock, valued at approximately $231,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FG. American Century Companies Inc. raised its position in shares of F&G Annuities & Life by 218.2% in the second quarter. American Century Companies Inc. now owns 118,592 shares of the company’s stock valued at $4,512,000 after buying an additional 81,328 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in F&G Annuities & Life by 25.1% during the second quarter. Dimensional Fund Advisors LP now owns 322,714 shares of the company’s stock worth $12,282,000 after buying an additional 64,669 shares during the period. Principal Financial Group Inc. boosted its stake in F&G Annuities & Life by 23.1% in the 3rd quarter. Principal Financial Group Inc. now owns 120,336 shares of the company’s stock worth $5,381,000 after buying an additional 22,550 shares during the last quarter. Vanguard Group Inc. grew its holdings in F&G Annuities & Life by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 1,878,492 shares of the company’s stock valued at $76,173,000 after buying an additional 21,253 shares during the period. Finally, Denali Advisors LLC increased its stake in shares of F&G Annuities & Life by 14,687.8% during the 2nd quarter. Denali Advisors LLC now owns 17,006 shares of the company’s stock valued at $647,000 after acquiring an additional 16,891 shares during the last quarter. Hedge funds and other institutional investors own 95.86% of the company’s stock.

F&G Annuities & Life Stock Performance

Shares of FG stock opened at $48.30 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.25 and a quick ratio of 0.25. F&G Annuities & Life, Inc. has a 12 month low of $34.90 and a 12 month high of $49.00. The company’s fifty day moving average price is $43.49 and its two-hundred day moving average price is $41.54. The firm has a market capitalization of $6.09 billion, a P/E ratio of -804.87 and a beta of 1.32.

F&G Annuities & Life (NYSE:FG) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. The business 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 last year, the company earned $0.96 earnings per share. On average, research 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a dividend of $0.22 per share. The ex-dividend date is Tuesday, December 17th. This is a boost from F&G Annuities & Life’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 1.82%. F&G Annuities & Life’s dividend payout ratio (DPR) is -1,399.77%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FG. Piper Sandler upped their price target on shares of F&G Annuities & Life from $40.00 to $46.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Barclays increased their target price on F&G Annuities & Life from $44.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th.

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.