Livforsakringsbolaget Skandia Omsesidigt Acquires 18,547 Shares of F&G Annuities & Life, Inc. $FG

Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in F&G Annuities & Life, Inc. (NYSE:FG) by 57,959.4% during the first quarter, HoldingsChannel.com reports. The fund owned 18,579 shares of the company’s stock after purchasing an additional 18,547 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in F&G Annuities & Life were worth $470,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake 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 purchasing an additional 1,753,709 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of F&G Annuities & Life by 33.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,121,563 shares of the company’s stock worth $34,605,000 after buying an additional 280,594 shares during the period. State Street Corp lifted its position 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 worth $26,144,000 after buying an additional 409,743 shares during the period. Geode Capital Management LLC boosted 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 valued at $22,735,000 after buying an additional 225,817 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in 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 buying an additional 576,102 shares in the last quarter. Institutional investors and hedge funds own 95.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in 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. Zacks Research raised shares of F&G Annuities & Life to a “hold” rating in a report on Thursday, May 7th. Raymond James Financial began coverage on shares of F&G Annuities & Life in a report on Wednesday, May 6th. They issued a “market perform” rating on the stock. Barclays dropped their target price 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of F&G Annuities & Life in a report on Wednesday, June 24th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $30.00.

F&G Annuities & Life Stock Up 2.9%

NYSE FG opened at $31.15 on Thursday. The stock’s 50 day simple moving average is $27.93 and its 200 day simple moving average is $27.06. 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 cap of $4.13 billion, a PE ratio of 8.18 and a beta of 1.23. 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 (NYSE:FG) last issued its quarterly earnings data 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 during 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, sell-side analysts forecast 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were paid a $0.25 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.2%. F&G Annuities & Life’s dividend payout ratio (DPR) is 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.