F&G Annuities & Life, Inc. (NYSE:FG) Shares Acquired by US Bancorp DE

US Bancorp DE boosted its stake in F&G Annuities & Life, Inc. (NYSE:FG) by 19.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,716 shares of the company’s stock after acquiring an additional 784 shares during the period. US Bancorp DE’s holdings in F&G Annuities & Life were worth $170,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FG. Castlekeep Investment Advisors LLC bought a new position in shares of F&G Annuities & Life during the fourth quarter worth about $72,007,000. Dimensional Fund Advisors LP grew its position in shares of F&G Annuities & Life by 11.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 413,202 shares of the company’s stock worth $17,123,000 after acquiring an additional 42,081 shares during the last quarter. Ancora Advisors LLC grew its position in shares of F&G Annuities & Life by 1.5% during the fourth quarter. Ancora Advisors LLC now owns 247,287 shares of the company’s stock worth $10,248,000 after acquiring an additional 3,634 shares during the last quarter. Nuveen Asset Management LLC grew its position in shares of F&G Annuities & Life by 1.0% during the fourth quarter. Nuveen Asset Management LLC now owns 195,726 shares of the company’s stock worth $8,111,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of F&G Annuities & Life by 1.1% during the first quarter. Principal Financial Group Inc. now owns 126,955 shares of the company’s stock worth $4,577,000 after acquiring an additional 1,373 shares during the last quarter. 95.86% of the stock is owned by institutional investors and hedge funds.

F&G Annuities & Life Stock Performance

Shares of NYSE:FG opened at $34.41 on Friday. The stock has a market capitalization of $4.63 billion, a P/E ratio of 13.88 and a beta of 1.55. F&G Annuities & Life, Inc. has a 1-year low of $30.01 and a 1-year high of $50.75. The company has a current ratio of 0.26, a quick ratio of 0.27 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average price of $32.15 and a two-hundred day moving average price of $35.64.

F&G Annuities & Life (NYSE:FG) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.13. F&G Annuities & Life had a return on equity of 11.51% and a net margin of 6.45%. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $1.35 billion. Equities analysts predict that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current year.

F&G Annuities & Life Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 16th. F&G Annuities & Life’s dividend payout ratio is presently 35.48%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wall Street Zen raised shares of F&G Annuities & Life from a “hold” rating to a “buy” rating in a research note on Wednesday. Barclays upped their price objective on shares of F&G Annuities & Life from $37.00 to $40.00 and gave the company an “equal weight” rating in a research note on Thursday, August 7th.

F&G Annuities & Life Company 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.