F&G Annuities & Life, Inc. (NYSE:FG) Shares Sold by Raymond James & Associates

Raymond James & Associates lowered its holdings in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 11.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 18,174 shares of the company’s stock after selling 2,419 shares during the quarter. Raymond James & Associates’ holdings in F&G Annuities & Life were worth $836,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC boosted its stake in shares of F&G Annuities & Life by 436.6% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 1,481 shares of the company’s stock valued at $42,000 after acquiring an additional 1,205 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of F&G Annuities & Life by 21.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,648 shares of the company’s stock worth $187,000 after purchasing an additional 1,190 shares during the last quarter. Corton Capital Inc. purchased a new stake in shares of F&G Annuities & Life during the third quarter worth about $202,000. SG Americas Securities LLC acquired a new position in shares of F&G Annuities & Life in the third quarter valued at approximately $209,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of F&G Annuities & Life in the third quarter valued at approximately $210,000. Hedge funds and other institutional investors own 95.86% of the company’s stock.

F&G Annuities & Life Stock Up 1.9 %

Shares of NYSE FG opened at $37.21 on Tuesday. The firm has a market cap of $4.70 billion, a P/E ratio of -77.52 and a beta of 1.21. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.21 and a current ratio of 0.21. F&G Annuities & Life, Inc. has a 1 year low of $14.76 and a 1 year high of $48.71. The firm’s 50 day moving average price is $39.19 and its 200 day moving average price is $39.90.

F&G Annuities & Life (NYSE:FG) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.42). The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.18 billion. F&G Annuities & Life had a positive return on equity of 12.33% and a negative net margin of 1.29%. As a group, sell-side analysts anticipate that F&G Annuities & Life, Inc. will post 4.38 earnings per share for the current year.

F&G Annuities & Life Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.26%. The ex-dividend date was Thursday, March 14th. F&G Annuities & Life’s dividend payout ratio (DPR) is -175.00%.

F&G Annuities & Life Company Profile

F&G Annuities & Life, Inc provides fixed annuities and life insurance products in the United States. The company portfolio includes fixed indexed annuities, multi-year guarantee annuities, and pension risk transfer solution, as well as indexed universal life insurance, institutional funding agreements, and index-linked annuities.