Wellington Management Group LLP Makes New $1.53 Million Investment in F&G Annuities & Life, Inc. $FG

Wellington Management Group LLP purchased a new position in shares of F&G Annuities & Life, Inc. (NYSE:FG) in the first quarter, according to its most recent filing with the SEC. The firm purchased 42,351 shares of the company’s stock, valued at approximately $1,527,000.

A number of other large investors have also recently bought and sold shares of FG. Raymond James Financial Inc. acquired a new stake in F&G Annuities & Life during the 4th quarter worth about $604,000. Dimensional Fund Advisors LP grew its holdings in F&G Annuities & Life by 11.3% during the 4th 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 period. Price T Rowe Associates Inc. MD grew its holdings in F&G Annuities & Life by 17.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,236 shares of the company’s stock worth $300,000 after acquiring an additional 1,087 shares during the period. BNP Paribas Financial Markets acquired a new stake in F&G Annuities & Life during the 4th quarter worth about $114,000. Finally, Bank of America Corp DE grew its holdings in F&G Annuities & Life by 36.3% during the 4th quarter. Bank of America Corp DE now owns 22,828 shares of the company’s stock worth $946,000 after acquiring an additional 6,080 shares during the period. 95.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FG has been the subject of a number of recent analyst reports. 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 company an “equal weight” rating in a research note on Thursday, August 7th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, F&G Annuities & Life currently has an average rating of “Hold” and an average target price of $44.33.

F&G Annuities & Life Stock Performance

Shares of FG opened at $34.53 on Monday. 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 has a 50-day moving average of $32.66 and a 200-day moving average of $34.73. The company has a market cap of $4.65 billion, a PE ratio of 13.93 and a beta of 1.55. 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 issued its earnings results on Wednesday, August 6th. The company reported $0.77 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 company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $1.35 billion. On average, equities research analysts predict that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Dividend Announcement

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

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.