Swiss National Bank Sells 400 Shares of F&G Annuities & Life, Inc. $FG

Swiss National Bank lowered its stake in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 1.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,700 shares of the company’s stock after selling 400 shares during the quarter. Swiss National Bank’s holdings in F&G Annuities & Life were worth $1,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Bleakley Financial Group LLC boosted its position in F&G Annuities & Life by 2.7% during the first quarter. Bleakley Financial Group LLC now owns 11,282 shares of the company’s stock valued at $407,000 after purchasing an additional 293 shares in the last quarter. Denali Advisors LLC boosted its position in F&G Annuities & Life by 2.9% during the first quarter. Denali Advisors LLC now owns 12,864 shares of the company’s stock valued at $464,000 after purchasing an additional 364 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in F&G Annuities & Life by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,583 shares of the company’s stock valued at $439,000 after purchasing an additional 386 shares in the last quarter. Iron Horse Wealth Management LLC boosted its position in F&G Annuities & Life by 9.5% during the first quarter. Iron Horse Wealth Management LLC now owns 4,679 shares of the company’s stock valued at $169,000 after purchasing an additional 404 shares in the last quarter. Finally, US Bancorp DE boosted its position in F&G Annuities & Life by 19.9% during the first quarter. US Bancorp DE now owns 4,716 shares of the company’s stock valued at $170,000 after purchasing an additional 784 shares in the last quarter. Institutional investors own 95.86% of the company’s stock.

F&G Annuities & Life Price Performance

Shares of NYSE FG opened at $34.4730 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market cap of $4.64 billion, a PE ratio of 13.90 and a beta of 1.55. The business has a 50-day simple moving average of $32.41 and a two-hundred day simple moving average of $35.06. F&G Annuities & Life, Inc. has a fifty-two week low of $30.01 and a fifty-two week high of $50.75.

F&G Annuities & Life (NYSE:FG) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.77 earnings per share for the quarter, topping 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 the consensus estimate of $1.35 billion. As a group, equities analysts expect that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued 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 2.6%. F&G Annuities & Life’s payout ratio is 35.48%.

Analysts Set New Price Targets

FG has been the subject of several recent analyst reports. Wall Street Zen raised F&G Annuities & Life from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Barclays raised their price target 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 research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $44.33.

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.