American Century Companies Inc. Has $10.67 Million Stock Position in F&G Annuities & Life, Inc. $FG

American Century Companies Inc. increased its holdings in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 26.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 296,101 shares of the company’s stock after purchasing an additional 62,201 shares during the period. American Century Companies Inc. owned approximately 0.22% of F&G Annuities & Life worth $10,674,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new stake in F&G Annuities & Life during the fourth quarter worth approximately $114,000. Ameriflex Group Inc. bought a new position in F&G Annuities & Life in the fourth quarter worth approximately $144,000. Iron Horse Wealth Management LLC boosted its holdings in F&G Annuities & Life by 9.5% in the first quarter. Iron Horse Wealth Management LLC now owns 4,679 shares of the company’s stock worth $169,000 after acquiring an additional 404 shares in the last quarter. US Bancorp DE boosted its holdings in F&G Annuities & Life by 19.9% in the first quarter. US Bancorp DE now owns 4,716 shares of the company’s stock worth $170,000 after acquiring an additional 784 shares in the last quarter. Finally, Mackenzie Financial Corp bought a new position in F&G Annuities & Life in the fourth quarter worth approximately $210,000. Institutional investors and hedge funds own 95.86% of the company’s stock.

F&G Annuities & Life Stock Up 0.8%

FG stock opened at $34.75 on Wednesday. F&G Annuities & Life, Inc. has a twelve month low of $30.01 and a twelve month high of $50.75. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.49. The stock’s 50 day moving average is $32.48 and its 200-day moving average is $35.06. The firm has a market capitalization of $4.68 billion, a PE ratio of 14.01 and a beta of 1.55.

F&G Annuities & Life (NYSE:FG) last posted its earnings results on Wednesday, August 6th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $1.35 billion. Sell-side 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 business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Tuesday, September 16th. F&G Annuities & Life’s dividend payout ratio (DPR) is currently 35.48%.

Wall Street Analysts Forecast Growth

FG has been the topic of several recent research reports. Barclays increased 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. Wall Street Zen upgraded F&G Annuities & Life from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.