Nuveen LLC Purchases New Stake in F&G Annuities & Life, Inc. $FG

Nuveen LLC purchased a new stake in F&G Annuities & Life, Inc. (NYSE:FG) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 194,608 shares of the company’s stock, valued at approximately $7,016,000. Nuveen LLC owned about 0.14% of F&G Annuities & Life as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC bought a new position in F&G Annuities & Life in the fourth quarter valued at about $1,717,000. Fidelity National Financial Inc. boosted its holdings in F&G Annuities & Life by 4.2% in the first quarter. Fidelity National Financial Inc. now owns 110,942,551 shares of the company’s stock valued at $3,999,479,000 after acquiring an additional 4,500,000 shares during the last quarter. Mutual Advisors LLC bought a new position in F&G Annuities & Life in the first quarter valued at about $631,000. GAMMA Investing LLC boosted its holdings in F&G Annuities & Life by 4,236.3% in the first quarter. GAMMA Investing LLC now owns 12,185 shares of the company’s stock valued at $439,000 after acquiring an additional 11,904 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in F&G Annuities & Life by 11.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 413,202 shares of the company’s stock valued at $17,123,000 after acquiring an additional 42,081 shares during the last quarter. Institutional investors own 95.86% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded F&G Annuities & Life from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Barclays raised their target price on F&G Annuities & Life from $37.00 to $40.00 and gave the stock an “equal weight” rating in a report on Thursday, August 7th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, F&G Annuities & Life has an average rating of “Hold” and a consensus price target of $44.33.

F&G Annuities & Life Trading Up 3.0%

NYSE FG opened at $35.3150 on Monday. The firm has a market cap of $4.76 billion, a P/E ratio of 14.24 and a beta of 1.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.26 and a quick ratio of 0.26. The stock’s 50-day moving average is $32.35 and its 200-day moving average is $35.13. F&G Annuities & Life, Inc. has a one year low of $30.01 and a one year high of $50.75.

F&G Annuities & Life (NYSE:FG) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.13. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $1.35 billion. F&G Annuities & Life had a return on equity of 11.51% and a net margin of 6.45%. Sell-side analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current fiscal year.

F&G Annuities & Life Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.5%. F&G Annuities & Life’s dividend payout ratio (DPR) is currently 35.48%.

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.