F&G Annuities & Life, Inc. $FG Shares Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. boosted its holdings in F&G Annuities & Life, Inc. (NYSE:FG) by 29.1% in the first quarter, HoldingsChannel reports. The firm owned 191,759 shares of the company’s stock after purchasing an additional 43,264 shares during the period. Edgestream Partners L.P.’s holdings in F&G Annuities & Life were worth $4,855,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in F&G Annuities & Life by 85.4% during the 4th quarter. Vanguard Group Inc. now owns 3,807,765 shares of the company’s stock worth $117,470,000 after purchasing an additional 1,753,709 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of F&G Annuities & Life by 32.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,480,179 shares of the company’s stock valued at $37,475,000 after purchasing an additional 358,616 shares in the last quarter. State Street Corp boosted its stake in shares of F&G Annuities & Life by 93.6% during the 4th quarter. State Street Corp now owns 847,443 shares of the company’s stock valued at $26,144,000 after buying an additional 409,743 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of F&G Annuities & Life by 44.2% during the 4th quarter. Geode Capital Management LLC now owns 736,885 shares of the company’s stock valued at $22,735,000 after buying an additional 225,817 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of F&G Annuities & Life by 870.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 642,313 shares of the company’s stock valued at $20,085,000 after buying an additional 576,102 shares during the last quarter. Institutional investors and hedge funds own 95.86% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FG shares. Barclays decreased 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. Raymond James Financial assumed coverage on shares of F&G Annuities & Life in a research note on Wednesday, May 6th. They set a “market perform” rating on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of F&G Annuities & Life in a research note on Wednesday, June 24th. Wall Street Zen lowered shares of F&G Annuities & Life from a “buy” rating to a “hold” rating in a report on Sunday, July 5th. Finally, Zacks Research raised shares of F&G Annuities & Life to a “hold” rating in a research report on Thursday, May 7th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.00.

F&G Annuities & Life Trading Down 1.9%

Shares of NYSE FG opened at $28.57 on Friday. The stock’s 50 day moving average price is $28.46 and its two-hundred day moving average price is $27.07. F&G Annuities & Life, Inc. has a 52-week low of $20.57 and a 52-week high of $36.70. The stock has a market capitalization of $3.78 billion, a P/E ratio of 7.50 and a beta of 1.23. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.47.

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

F&G Annuities & Life Announces Dividend

The company also recently declared 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. This represents a $1.00 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, June 16th. F&G Annuities & Life’s dividend payout ratio is currently 26.25%.

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.