Schwartz Investment Counsel Inc. Has $2.44 Million Stock Holdings in F&G Annuities & Life, Inc. $FG

Schwartz Investment Counsel Inc. trimmed its position in F&G Annuities & Life, Inc. (NYSE:FG) by 27.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 96,384 shares of the company’s stock after selling 36,900 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in F&G Annuities & Life were worth $2,440,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new stake in F&G Annuities & Life during the first quarter worth $89,000. AQR Capital Management LLC bought a new position in shares of F&G Annuities & Life in the 1st quarter valued at $521,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of F&G Annuities & Life by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,035 shares of the company’s stock worth $398,000 after buying an additional 452 shares in the last quarter. Millennium Management LLC raised its holdings in shares of F&G Annuities & Life by 330.8% during the 1st quarter. Millennium Management LLC now owns 217,306 shares of the company’s stock worth $7,834,000 after buying an additional 166,863 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of F&G Annuities & Life during the 1st quarter worth $276,000. 95.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

F&G Annuities & Life Trading Up 3.8%

FG opened at $30.79 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.29 and a quick ratio of 0.29. F&G Annuities & Life, Inc. has a fifty-two week low of $20.57 and a fifty-two week high of $36.70. The company’s 50 day moving average price is $27.88 and its two-hundred day moving average price is $27.07. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 8.08 and a beta of 1.23.

F&G Annuities & Life (NYSE:FG) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.08). The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate 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, research analysts predict that F&G Annuities & Life, Inc. will post 3.66 earnings per share for the current year.

F&G Annuities & Life Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Tuesday, June 16th. F&G Annuities & Life’s dividend payout ratio is presently 26.25%.

F&G Annuities & Life announced that its board has approved a share repurchase plan on Monday, March 16th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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.