UBS Group AG Increases Stock Holdings in F&G Annuities & Life, Inc. $FG

UBS Group AG boosted its position in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 485.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 239,997 shares of the company’s stock after purchasing an additional 198,993 shares during the period. UBS Group AG’s holdings in F&G Annuities & Life were worth $7,404,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Elevated Capital Advisors LLC acquired a new position in shares of F&G Annuities & Life in the 4th quarter valued at $27,000. GAMMA Investing LLC increased its holdings in F&G Annuities & Life by 432.6% in the 4th quarter. GAMMA Investing LLC now owns 932 shares of the company’s stock valued at $29,000 after purchasing an additional 757 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in F&G Annuities & Life by 83.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,211 shares of the company’s stock valued at $38,000 after purchasing an additional 552 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in F&G Annuities & Life in the fourth quarter valued at approximately $39,000. Finally, Godsey & Gibb Inc. raised its position in F&G Annuities & Life by 84.6% in the fourth quarter. Godsey & Gibb Inc. now owns 1,606 shares of the company’s stock valued at $50,000 after purchasing an additional 736 shares during the period. Hedge funds and other institutional investors own 95.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FG shares. Wall Street Zen cut F&G Annuities & Life from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Zacks Research raised F&G Annuities & Life to a “hold” rating in a research note on Thursday, May 7th. Barclays lowered 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 report on Wednesday, April 8th. Weiss Ratings reissued a “hold (c)” rating on shares of F&G Annuities & Life in a report on Friday, March 27th. Finally, Raymond James Financial initiated coverage on F&G Annuities & Life in a research note on Wednesday, May 6th. They issued a “market perform” rating on the stock. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, F&G Annuities & Life currently has a consensus rating of “Hold” and a consensus price target of $30.00.

F&G Annuities & Life Trading Down 0.2%

Shares of F&G Annuities & Life stock opened at $27.99 on Tuesday. The company’s fifty day moving average is $25.72 and its two-hundred day moving average is $28.26. F&G Annuities & Life, Inc. has a 1 year low of $20.57 and a 1 year high of $36.70. 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 company has a market capitalization of $3.71 billion, a P/E ratio of 7.35 and a beta of 1.28.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings data 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). F&G Annuities & Life had a return on equity of 10.73% and a net margin of 8.89%.The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $1.46 billion. Analysts forecast that F&G Annuities & Life, Inc. will post 3.8 earnings per share for the current year.

F&G Annuities & Life Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend 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 announced that its Board of Directors has approved a share buyback plan on Monday, March 16th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at F&G Annuities & Life

In other F&G Annuities & Life news, CEO Christopher O. Blunt bought 10,000 shares of the company’s stock in a transaction on Friday, March 13th. The stock was purchased at an average cost of $20.99 per share, for a total transaction of $209,900.00. Following the acquisition, the chief executive officer owned 1,107,128 shares of the company’s stock, valued at $23,238,616.72. The trade was a 0.91% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Celina J. Wang Doka bought 4,760 shares of F&G Annuities & Life stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average cost 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 represents a 17.43% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 2.10% of the stock is currently owned by insiders.

F&G Annuities & Life Profile

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.