Renaissance Technologies LLC Sells 50,327 Shares of F&G Annuities & Life, Inc. (NYSE:FG)

Renaissance Technologies LLC decreased its stake in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 56.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 39,300 shares of the company’s stock after selling 50,327 shares during the quarter. Renaissance Technologies LLC’s holdings in F&G Annuities & Life were worth $1,495,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. State Board of Administration of Florida Retirement System increased its stake in F&G Annuities & Life by 258.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 19,270 shares of the company’s stock valued at $781,000 after purchasing an additional 13,890 shares in the last quarter. Vanguard Group Inc. raised its stake in F&G Annuities & Life by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 1,878,492 shares of the company’s stock worth $76,173,000 after buying an additional 21,253 shares during the period. Jupiter Asset Management Ltd. bought a new stake in shares of F&G Annuities & Life during the first quarter valued at approximately $510,000. American Century Companies Inc. raised its position in shares of F&G Annuities & Life by 218.2% during the second quarter. American Century Companies Inc. now owns 118,592 shares of the company’s stock worth $4,512,000 after purchasing an additional 81,328 shares during the period. Finally, Norges Bank bought a new position in shares of F&G Annuities & Life in the 4th quarter worth $8,203,000. Institutional investors own 95.86% of the company’s stock.

Analyst Ratings Changes

FG has been the topic of a number of recent research reports. Piper Sandler raised their price objective on shares of F&G Annuities & Life from $40.00 to $46.00 and gave the company a “neutral” rating in a research note on Wednesday. Barclays started coverage on shares of F&G Annuities & Life in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $45.00 price target on the stock.

F&G Annuities & Life Trading Up 2.2 %

Shares of F&G Annuities & Life stock opened at $43.28 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a fifty day simple moving average of $41.50 and a 200 day simple moving average of $40.31. F&G Annuities & Life, Inc. has a 12-month low of $27.00 and a 12-month high of $48.71. The company has a market capitalization of $5.46 billion, a P/E ratio of 22.08 and a beta of 1.20.

F&G Annuities & Life (NYSE:FG) last posted its earnings results on Monday, August 5th. The company reported $1.10 earnings per share (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 firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.36 billion. On average, sell-side analysts anticipate that F&G Annuities & Life, Inc. will post 4.32 earnings per share for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $0.21 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.84 annualized dividend and a yield of 1.94%. F&G Annuities & Life’s dividend payout ratio (DPR) is 42.86%.

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.