New York State Common Retirement Fund Has $411,000 Stock Position in F&G Annuities & Life, Inc. (NYSE:FG)

New York State Common Retirement Fund lessened its stake in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 31.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 9,920 shares of the company’s stock after selling 4,500 shares during the period. New York State Common Retirement Fund’s holdings in F&G Annuities & Life were worth $411,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FG. Arthur M. Cohen & Associates LLC lifted its holdings in shares of F&G Annuities & Life by 2.1% in the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 34,815 shares of the company’s stock worth $1,468,000 after purchasing an additional 725 shares in the last quarter. Crescent Grove Advisors LLC grew its holdings in shares of F&G Annuities & Life by 21.2% during the third quarter. Crescent Grove Advisors LLC now owns 24,837 shares of the company’s stock valued at $1,111,000 after buying an additional 4,341 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of F&G Annuities & Life by 23.1% during the third quarter. Principal Financial Group Inc. now owns 120,336 shares of the company’s stock valued at $5,381,000 after buying an additional 22,550 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of F&G Annuities & Life during the third quarter worth about $231,000. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of F&G Annuities & Life by 34.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 7,580 shares of the company’s stock worth $339,000 after acquiring an additional 1,937 shares during the last quarter. 95.86% of the stock is currently owned by institutional investors and hedge funds.

F&G Annuities & Life Trading Down 3.8 %

Shares of FG stock opened at $40.99 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.25 and a current ratio of 0.25. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 8.45 and a beta of 1.66. F&G Annuities & Life, Inc. has a 52-week low of $34.90 and a 52-week high of $50.75. The company has a 50-day simple moving average of $43.28 and a two-hundred day simple moving average of $43.46.

F&G Annuities & Life (NYSE:FG) last released its earnings results on Thursday, February 20th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.13). The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.34 billion. F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. Research analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Monday, March 17th. F&G Annuities & Life’s dividend payout ratio is presently 18.14%.

Wall Street Analysts Forecast Growth

FG has been the subject of a number of analyst reports. Barclays lifted their price target on F&G Annuities & Life from $46.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Stephens reissued an “equal weight” rating and issued a $47.00 price target on shares of F&G Annuities & Life in a research report on Monday, February 24th.

F&G Annuities & Life Profile

F&G Annuities & Life, Inc engages in the provision of fixed annuity and life insurance products. It specializes in life insurance, annuities, retirement planning and wealth transfer. The company was founded in 1959 and is headquartered in Des Moines, IA.