Principal Financial Group Inc. Raises Stock Position in F&G Annuities & Life, Inc. (NYSE:FG)

Principal Financial Group Inc. increased its position in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 4.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 125,582 shares of the company’s stock after acquiring an additional 5,246 shares during the period. Principal Financial Group Inc.’s holdings in F&G Annuities & Life were worth $5,205,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of FG. JPMorgan Chase & Co. increased its position in shares of F&G Annuities & Life by 63.5% in the third quarter. JPMorgan Chase & Co. now owns 45,952 shares of the company’s stock worth $2,055,000 after purchasing an additional 17,845 shares during the last quarter. Barclays PLC lifted its position in F&G Annuities & Life by 527.8% during the third quarter. Barclays PLC now owns 42,524 shares of the company’s stock valued at $1,902,000 after purchasing an additional 35,750 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in F&G Annuities & Life in the 3rd quarter worth approximately $521,000. Geode Capital Management LLC increased its holdings in shares of F&G Annuities & Life by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 405,047 shares of the company’s stock worth $18,117,000 after buying an additional 3,453 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in shares of F&G Annuities & Life by 34.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 7,580 shares of the company’s stock valued at $339,000 after buying an additional 1,937 shares in the last quarter. 95.86% of the stock is currently owned by hedge funds and other institutional investors.

F&G Annuities & Life Price Performance

Shares of F&G Annuities & Life stock opened at $42.37 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.25 and a current ratio of 0.25. F&G Annuities & Life, Inc. has a 52-week low of $34.90 and a 52-week high of $50.75. The company has a fifty day moving average of $43.30 and a 200-day moving average of $43.46. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 8.74 and a beta of 1.66.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings results on Thursday, February 20th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.13). The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.34 billion. F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. Equities research analysts expect that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.

F&G Annuities & Life Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.88 annualized dividend and a yield of 2.08%. F&G Annuities & Life’s payout ratio is 18.14%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on FG shares. Stephens reiterated an “equal weight” rating and issued a $47.00 target price on shares of F&G Annuities & Life in a research report on Monday, February 24th. Barclays upped their price objective on F&G Annuities & Life from $46.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th.

F&G Annuities & Life Profile

F&G Annuities & Life, Inc engages in the provision of fixed annuity and life insurance products. It specializes in life insurance, annuities, retirement planning and wealth transfer. The company was founded in 1959 and is headquartered in Des Moines, IA.