229,461 Shares in F&G Annuities & Life, Inc. $FG Acquired by SEB Asset Management AB

SEB Asset Management AB purchased a new position in F&G Annuities & Life, Inc. (NYSE:FG) during the 1st quarter, HoldingsChannel.com reports. The firm purchased 229,461 shares of the company’s stock, valued at approximately $5,810,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of F&G Annuities & Life by 85.4% in the 4th quarter. Vanguard Group Inc. now owns 3,807,765 shares of the company’s stock worth $117,470,000 after acquiring an additional 1,753,709 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of F&G Annuities & Life by 33.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,121,563 shares of the company’s stock valued at $34,605,000 after purchasing an additional 280,594 shares during the last quarter. State Street Corp boosted its position in shares of F&G Annuities & Life by 93.6% in the 4th quarter. State Street Corp now owns 847,443 shares of the company’s stock valued at $26,144,000 after purchasing an additional 409,743 shares during the period. Geode Capital Management LLC increased its stake in F&G Annuities & Life by 44.2% in the 4th quarter. Geode Capital Management LLC now owns 736,885 shares of the company’s stock worth $22,735,000 after purchasing an additional 225,817 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in F&G Annuities & Life by 870.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 642,313 shares of the company’s stock worth $20,085,000 after buying an additional 576,102 shares during the period. Institutional investors and hedge funds own 95.86% of the company’s stock.

F&G Annuities & Life Trading Down 1.2%

Shares of NYSE FG opened at $29.84 on Thursday. F&G Annuities & Life, Inc. has a one year low of $20.57 and a one year high of $36.70. The firm has a market capitalization of $3.95 billion, a PE ratio of 7.83 and a beta of 1.23. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $28.25 and a two-hundred day moving average price of $27.04.

F&G Annuities & Life (NYSE:FG) last issued its earnings results on Wednesday, May 6th. The company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.46 billion. F&G Annuities & Life had a net margin of 8.89% and a return on equity of 10.73%. As a group, analysts predict that F&G Annuities & Life, Inc. will post 3.66 earnings per share for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $1.00 dividend on an annualized basis and a yield of 3.4%. F&G Annuities & Life’s payout ratio is presently 26.25%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on FG shares. Wall Street Zen cut shares of F&G Annuities & Life from a “buy” rating to a “hold” rating in a report on Sunday, July 5th. Zacks Research upgraded shares of F&G Annuities & Life to a “hold” rating in a report on Thursday, May 7th. Barclays reduced their price target on shares of F&G Annuities & Life from $31.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of F&G Annuities & Life in a research report on Wednesday, June 24th. Finally, Raymond James Financial initiated coverage on shares of F&G Annuities & Life in a research report on Wednesday, May 6th. They set a “market perform” rating on the stock. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, F&G Annuities & Life presently has an average rating of “Hold” and an average price target of $30.00.

About F&G Annuities & Life

F&G Annuities & Life is the principal life insurance and annuity subsidiary of F&G Financial Group, Inc (NYSE: FG), a publicly traded financial services holding company headquartered in Des Moines, Iowa. The company focuses on designing and issuing retirement income solutions that address longevity risk, capital preservation, and wealth transfer for individual and institutional clients.

Its product suite includes fixed indexed annuities, which offer the potential for market-linked growth with downside protection; fixed-rate annuities, delivering guaranteed interest over a defined term; and a range of life insurance policies such as term, universal, and variable universal life.