Bank of New York Mellon Corp Purchases 3,331 Shares of F&G Annuities & Life, Inc. (NYSE:FG)

Bank of New York Mellon Corp boosted its position in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 1.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 250,314 shares of the company’s stock after acquiring an additional 3,331 shares during the period. Bank of New York Mellon Corp owned 0.20% of F&G Annuities & Life worth $9,524,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FG. Victory Capital Management Inc. raised its stake in F&G Annuities & Life by 22.8% during the 4th quarter. Victory Capital Management Inc. now owns 16,589 shares of the company’s stock worth $763,000 after acquiring an additional 3,081 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of F&G Annuities & Life by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 187,590 shares of the company’s stock worth $8,629,000 after acquiring an additional 2,695 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of F&G Annuities & Life during the fourth quarter worth $367,000. Norges Bank purchased a new position in F&G Annuities & Life during the fourth quarter valued at $8,203,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in F&G Annuities & Life in the 4th quarter valued at $263,000. Institutional investors own 95.86% of the company’s stock.

F&G Annuities & Life Price Performance

FG stock opened at $40.26 on Tuesday. The firm has a market capitalization of $5.08 billion, a P/E ratio of 20.54 and a beta of 1.20. F&G Annuities & Life, Inc. has a 52 week low of $26.12 and a 52 week high of $48.71. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The company has a fifty day simple moving average of $41.26 and a two-hundred day simple moving average of $39.75.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings data on Monday, August 5th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.98 by $0.12. F&G Annuities & Life had a net margin of 6.25% and a return on equity of 13.94%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.36 billion. Analysts anticipate that F&G Annuities & Life, Inc. will post 4.47 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 given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Monday, September 16th. F&G Annuities & Life’s dividend payout ratio (DPR) is 42.86%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Piper Sandler cut their price objective 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 report on Wednesday, September 4th. They set an “equal weight” rating and a $45.00 price target for the company.

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.