F&G Annuities & Life, Inc. $FG Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its holdings in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 45.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,961 shares of the company’s stock after selling 38,304 shares during the period. Teacher Retirement System of Texas’ holdings in F&G Annuities & Life were worth $1,470,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Bleakley Financial Group LLC lifted its stake in shares of F&G Annuities & Life by 2.7% in the 1st 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 during the period. Voya Investment Management LLC grew its holdings in F&G Annuities & Life by 5.6% in the first quarter. Voya Investment Management LLC now owns 6,309 shares of the company’s stock valued at $227,000 after purchasing an additional 334 shares during the period. Denali Advisors LLC grew its holdings in F&G Annuities & Life by 2.9% in 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 during the period. Iron Horse Wealth Management LLC grew 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 valued at $169,000 after purchasing an additional 404 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 worth $398,000 after acquiring an additional 452 shares during the period. 95.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on FG shares. Piper Sandler set a $33.00 price objective on shares of F&G Annuities & Life in a research report on Tuesday, October 7th. Zacks Research upgraded shares of F&G Annuities & Life from a “strong sell” rating to a “hold” rating in a research report on Monday, September 1st. Weiss Ratings restated a “hold (c+)” rating on shares of F&G Annuities & Life in a research report on Tuesday, October 14th. Wall Street Zen upgraded shares of F&G Annuities & Life from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Barclays reduced their price objective on shares of F&G Annuities & Life from $40.00 to $35.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, F&G Annuities & Life currently has a consensus rating of “Hold” and a consensus price target of $38.33.

Insider Activity at F&G Annuities & Life

In other news, EVP Leena Punjabi sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $33.81, for a total value of $101,430.00. Following the completion of the transaction, the executive vice president owned 64,064 shares of the company’s stock, valued at approximately $2,166,003.84. This trade represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.10% of the company’s stock.

F&G Annuities & Life Price Performance

F&G Annuities & Life stock opened at $29.62 on Wednesday. F&G Annuities & Life, Inc. has a 12-month low of $28.70 and a 12-month high of $50.75. The stock has a market cap of $3.99 billion, a P/E ratio of 11.94 and a beta of 1.48. The company has a 50-day moving average price of $31.70 and a 200 day moving average price of $32.32. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.49.

F&G Annuities & Life (NYSE:FG) last announced its earnings results on Tuesday, October 3rd. The company reported $1.45 earnings per share for the quarter. The company had revenue of $496.00 million during the quarter. F&G Annuities & Life had a net margin of 6.45% and a return on equity of 11.51%. Sell-side analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current year.

F&G Annuities & Life Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.88 annualized dividend and a dividend yield of 3.0%. F&G Annuities & Life’s dividend payout ratio (DPR) is presently 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.