F&G Annuities & Life, Inc. $FG Position Increased by Voya Investment Management LLC

Voya Investment Management LLC increased its position in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 5.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,309 shares of the company’s stock after acquiring an additional 334 shares during the period. Voya Investment Management LLC’s holdings in F&G Annuities & Life were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Bleakley Financial Group LLC raised its holdings in shares of 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 worth $407,000 after acquiring an additional 293 shares in the last quarter. Denali Advisors LLC raised its holdings 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 buying an additional 364 shares in the last quarter. Iron Horse Wealth Management LLC raised its holdings 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 buying an additional 404 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in F&G Annuities & Life by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,035 shares of the company’s stock valued at $398,000 after buying an additional 452 shares in the last quarter. Finally, Belpointe Asset Management LLC raised its holdings in F&G Annuities & Life by 6.5% during the first quarter. Belpointe Asset Management LLC now owns 7,808 shares of the company’s stock valued at $281,000 after buying an additional 474 shares in the last quarter. 95.86% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Leena Punjabi sold 3,000 shares of F&G Annuities & Life stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $33.81, for a total transaction of $101,430.00. Following the sale, the executive vice president directly owned 64,064 shares of the company’s stock, valued at $2,166,003.84. This trade represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in 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. Zacks Research upgraded F&G Annuities & Life from a “strong sell” rating to a “hold” rating in a report on Monday, September 1st. Finally, 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 report on Thursday, August 7th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, F&G Annuities & Life currently has a consensus rating of “Hold” and an average price target of $44.33.

F&G Annuities & Life Trading Down 1.1%

Shares of NYSE:FG opened at $31.54 on Tuesday. The company has a market cap of $4.25 billion, a P/E ratio of 12.72 and a beta of 1.55. The stock’s 50-day moving average is $33.57 and its 200-day moving average is $33.47. F&G Annuities & Life, Inc. has a 52-week low of $30.01 and a 52-week high of $50.75. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.26 and a current ratio of 0.26.

F&G Annuities & Life (NYSE:FG) last released its earnings results on Wednesday, August 6th. The company reported $0.77 earnings per share for the quarter, topping 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 business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $1.35 billion. Equities research analysts predict that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current year.

F&G Annuities & Life Dividend Announcement

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 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 yield of 2.8%. F&G Annuities & Life’s dividend payout ratio (DPR) is 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.