Belpointe Asset Management LLC Invests $217,000 in F&G Annuities & Life, Inc. (NYSE:FG)

Belpointe Asset Management LLC bought a new stake in shares of F&G Annuities & Life, Inc. (NYSE:FGFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,726 shares of the company’s stock, valued at approximately $217,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CVA Family Office LLC purchased a new stake in F&G Annuities & Life during the fourth quarter valued at approximately $25,000. International Assets Investment Management LLC purchased a new stake in F&G Annuities & Life during the fourth quarter valued at approximately $55,000. Cary Street Partners Investment Advisory LLC raised its holdings in shares of F&G Annuities & Life by 436.6% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 1,481 shares of the company’s stock worth $42,000 after buying an additional 1,205 shares during the last quarter. ORG Partners LLC purchased a new position in shares of F&G Annuities & Life in the fourth quarter worth $130,000. Finally, Arizona State Retirement System purchased a new position in shares of F&G Annuities & Life in the fourth quarter worth $242,000. Hedge funds and other institutional investors own 95.86% of the company’s stock.

F&G Annuities & Life Trading Down 0.7 %

NYSE FG opened at $39.05 on Friday. The company has a fifty day simple moving average of $39.50 and a two-hundred day simple moving average of $41.56. The stock has a market cap of $4.93 billion, a P/E ratio of 19.92 and a beta of 1.30. F&G Annuities & Life, Inc. has a 12-month low of $20.47 and a 12-month high of $48.71. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.47.

F&G Annuities & Life (NYSE:FGGet Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.03). The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.21 billion. F&G Annuities & Life had a return on equity of 13.22% and a net margin of 4.85%. On average, analysts forecast that F&G Annuities & Life, Inc. will post 4.3 earnings per share for the current year.

F&G Annuities & Life Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.15%. F&G Annuities & Life’s payout ratio is currently 42.86%.

F&G Annuities & Life Profile

(Free Report)

F&G Annuities & Life, Inc provides fixed annuities and life insurance products in the United States. The company portfolio includes fixed indexed annuities, multi-year guarantee annuities, and pension risk transfer solution, as well as indexed universal life insurance, institutional funding agreements, and index-linked annuities.

Further Reading

Institutional Ownership by Quarter for F&G Annuities & Life (NYSE:FG)

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