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

American Century Companies Inc. grew its position in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 23.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 365,343 shares of the company’s stock after purchasing an additional 69,242 shares during the period. American Century Companies Inc. owned approximately 0.27% of F&G Annuities & Life worth $11,684,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Voya Investment Management LLC boosted its stake in F&G Annuities & Life by 5.6% during the first quarter. Voya Investment Management LLC now owns 6,309 shares of the company’s stock valued at $227,000 after buying an additional 334 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of F&G Annuities & Life by 4.3% during the 1st 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 in the last quarter. Belpointe Asset Management LLC boosted its position in shares of F&G Annuities & Life by 6.5% during the 1st quarter. Belpointe Asset Management LLC now owns 7,808 shares of the company’s stock valued at $281,000 after acquiring an additional 474 shares during the last quarter. Iron Horse Wealth Management LLC grew its holdings in shares of F&G Annuities & Life by 11.6% in the second quarter. Iron Horse Wealth Management LLC now owns 5,222 shares of the company’s stock valued at $167,000 after purchasing an additional 543 shares in the last quarter. Finally, US Bancorp DE grew its holdings in shares of F&G Annuities & Life by 19.9% in 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. 95.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on FG shares. Barclays lowered 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. Zacks Research upgraded F&G Annuities & Life from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Piper Sandler set a $33.00 price objective on F&G Annuities & Life in a report on Tuesday, October 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of F&G Annuities & Life in a research report on Monday, November 24th. Finally, Wall Street Zen raised F&G Annuities & Life from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.33.

Insider Buying and Selling at F&G Annuities & Life

In other news, EVP Leena Punjabi sold 3,000 shares of the company’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $33.81, for a total value of $101,430.00. Following the sale, the executive vice president owned 64,064 shares in the company, valued at $2,166,003.84. This represents a 4.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher O. Blunt bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were bought at an average cost of $29.88 per share, for a total transaction of $149,400.00. Following the completion of the acquisition, the chief executive officer owned 1,146,419 shares of the company’s stock, valued at $34,254,999.72. This trade represents a 0.44% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.10% of the stock is currently owned by corporate insiders.

F&G Annuities & Life Trading Down 0.6%

Shares of NYSE:FG opened at $33.18 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.45. F&G Annuities & Life, Inc. has a 52-week low of $28.70 and a 52-week high of $47.82. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 9.73 and a beta of 1.45. The business has a 50-day moving average price of $30.77 and a 200-day moving average price of $32.06.

F&G Annuities & Life (NYSE:FG) last issued its quarterly earnings results on Tuesday, October 3rd. The company reported $1.45 earnings per share for the quarter. F&G Annuities & Life had a net margin of 8.40% and a return on equity of 11.41%. The company had revenue of $496.00 million for the quarter. Equities analysts predict that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.

F&G Annuities & Life Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be given a dividend of $0.25 per share. This is a boost from F&G Annuities & Life’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Wednesday, December 17th. F&G Annuities & Life’s payout ratio is presently 25.81%.

About F&G Annuities & Life

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.