F&G Annuities & Life, Inc. (NYSE:FG) Stock Position Boosted by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 0.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 405,047 shares of the company’s stock after buying an additional 3,453 shares during the quarter. Geode Capital Management LLC’s holdings in F&G Annuities & Life were worth $18,117,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Blue Trust Inc. lifted its position in F&G Annuities & Life by 1,386.8% in the third quarter. Blue Trust Inc. now owns 565 shares of the company’s stock worth $25,000 after purchasing an additional 527 shares during the period. Iron Horse Wealth Management LLC increased its position in shares of F&G Annuities & Life by 10.7% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 3,235 shares of the company’s stock valued at $145,000 after purchasing an additional 312 shares during the period. SG Americas Securities LLC bought a new stake in shares of F&G Annuities & Life in the 3rd quarter worth $169,000. Convergence Investment Partners LLC acquired a new stake in shares of F&G Annuities & Life in the second quarter valued at $205,000. Finally, Oppenheimer Asset Management Inc. bought a new position in F&G Annuities & Life during the second quarter valued at about $215,000. 95.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on FG shares. Barclays boosted their target price on shares of 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 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.

F&G Annuities & Life Trading Down 2.3 %

NYSE:FG opened at $41.52 on Friday. The stock has a fifty day simple moving average of $44.40 and a 200 day simple moving average of $42.33. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of -691.88 and a beta of 1.47. F&G Annuities & Life, Inc. has a 1-year low of $34.90 and a 1-year high of $50.75. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.46.

F&G Annuities & Life (NYSE:FG) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.19 by $0.03. F&G Annuities & Life had a net margin of 0.22% and a return on equity of 13.05%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the firm earned $0.96 EPS. Sell-side analysts forecast that F&G Annuities & Life, Inc. will post 4.43 earnings per share for the current year.

F&G Annuities & Life Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.12%. This is a positive change from F&G Annuities & Life’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, December 17th. F&G Annuities & Life’s payout ratio is presently -1,466.67%.

F&G Annuities & Life Company 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.