26,000 Shares in F&G Annuities & Life, Inc. $FG Purchased by LSV Asset Management

LSV Asset Management purchased a new stake in F&G Annuities & Life, Inc. (NYSE:FG) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 26,000 shares of the company’s stock, valued at approximately $802,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased 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 valued at $117,470,000 after acquiring an additional 1,753,709 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of F&G Annuities & Life by 12.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 840,969 shares of the company’s stock valued at $26,299,000 after acquiring an additional 94,394 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of F&G Annuities & Life by 870.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 642,313 shares of the company’s stock valued at $20,085,000 after acquiring an additional 576,102 shares during the period. First Eagle Investment Management LLC purchased a new position in shares of F&G Annuities & Life in the 4th quarter valued at $11,312,000. Finally, Denali Advisors LLC increased its holdings in shares of F&G Annuities & Life by 8.3% in the 4th quarter. Denali Advisors LLC now owns 241,661 shares of the company’s stock valued at $7,455,000 after acquiring an additional 18,500 shares during the period. 95.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FG has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of F&G Annuities & Life in a report on Friday, March 27th. Zacks Research raised F&G Annuities & Life to a “hold” rating in a research report on Thursday, May 7th. Raymond James Financial initiated coverage on F&G Annuities & Life in a research report on Wednesday, May 6th. They set a “market perform” rating on the stock. Barclays reduced their target price on F&G Annuities & Life from $31.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Finally, Wall Street Zen lowered F&G Annuities & Life from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $30.00.

F&G Annuities & Life Stock Up 0.4%

F&G Annuities & Life stock opened at $27.93 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.29 and a current ratio of 0.29. The business’s 50-day simple moving average is $26.56 and its two-hundred day simple moving average is $28.17. The company has a market cap of $3.70 billion, a PE ratio of 7.33 and a beta of 1.28. F&G Annuities & Life, Inc. has a fifty-two week low of $20.57 and a fifty-two week high of $36.70.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.08). The firm had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $1.46 billion. F&G Annuities & Life had a net margin of 8.89% and a return on equity of 10.73%. Equities analysts anticipate that F&G Annuities & Life, Inc. will post 3.78 EPS for the current year.

F&G Annuities & Life Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.6%. The ex-dividend date is Tuesday, June 16th. F&G Annuities & Life’s payout ratio is presently 26.25%.

F&G Annuities & Life declared that its Board of Directors has initiated a stock buyback plan on Monday, March 16th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, Director Celina J. Wang Doka purchased 4,760 shares of the company’s stock in a transaction on Friday, March 13th. The shares were acquired at an average price of $20.98 per share, for a total transaction of $99,864.80. Following the purchase, the director owned 32,071 shares in the company, valued at $672,849.58. This trade represents a 17.43% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher O. Blunt purchased 10,000 shares of the company’s stock in a transaction on Friday, March 13th. The shares were purchased at an average price of $20.99 per share, for a total transaction of $209,900.00. Following the purchase, the chief executive officer owned 1,107,128 shares in the company, valued at approximately $23,238,616.72. The trade was a 0.91% increase in their position. The SEC filing for this purchase provides additional information. 2.10% of the stock is currently owned by insiders.

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.