AlphaQuest LLC Raises Stock Position in F&G Annuities & Life, Inc. (NYSE:FG)

AlphaQuest LLC boosted its position in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 314,200.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,143 shares of the company’s stock after acquiring an additional 3,142 shares during the period. AlphaQuest LLC’s holdings in F&G Annuities & Life were worth $130,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of FG. Blue Trust Inc. lifted its position in F&G Annuities & Life by 59.6% during the fourth quarter. Blue Trust Inc. now owns 902 shares of the company’s stock valued at $40,000 after purchasing an additional 337 shares during the last quarter. Rhumbline Advisers lifted its position in F&G Annuities & Life by 1.6% during the fourth quarter. Rhumbline Advisers now owns 29,633 shares of the company’s stock valued at $1,228,000 after purchasing an additional 469 shares during the last quarter. Capital Advisors Wealth Management LLC lifted its position in F&G Annuities & Life by 5.0% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 20,319 shares of the company’s stock valued at $842,000 after purchasing an additional 964 shares during the last quarter. Iron Horse Wealth Management LLC lifted its position in F&G Annuities & Life by 32.1% during the fourth quarter. Iron Horse Wealth Management LLC now owns 4,275 shares of the company’s stock valued at $177,000 after purchasing an additional 1,040 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in F&G Annuities & Life by 45.6% during the fourth quarter. SG Americas Securities LLC now owns 5,516 shares of the company’s stock valued at $229,000 after purchasing an additional 1,728 shares during the last quarter. Hedge funds and other institutional investors own 95.86% of the company’s stock.

F&G Annuities & Life Trading Down 0.3 %

Shares of FG opened at $42.59 on Tuesday. The firm has a market cap of $5.40 billion, a price-to-earnings ratio of 8.78 and a beta of 1.72. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.25 and a current ratio of 0.25. F&G Annuities & Life, Inc. has a fifty-two week low of $34.90 and a fifty-two week high of $50.75. The firm has a 50 day moving average price of $43.15 and a 200-day moving average price of $43.40.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings results on Thursday, February 20th. The company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.13). F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.34 billion. As a group, equities research analysts forecast that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current year.

F&G Annuities & Life Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.88 dividend on an annualized basis and a yield of 2.07%. F&G Annuities & Life’s dividend payout ratio is currently 18.14%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FG shares. Barclays boosted their price objective on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Stephens restated an “equal weight” rating and issued a $47.00 price objective on shares of F&G Annuities & Life in a report on Monday, February 24th.

About F&G Annuities & Life

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.