Arthur M. Cohen & Associates LLC Acquires 725 Shares of F&G Annuities & Life, Inc. (NYSE:FG)

Arthur M. Cohen & Associates LLC lifted its holdings in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 2.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,815 shares of the company’s stock after acquiring an additional 725 shares during the quarter. Arthur M. Cohen & Associates LLC’s holdings in F&G Annuities & Life were worth $1,468,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. GSA Capital Partners LLP grew its stake in F&G Annuities & Life by 39.9% in the 1st quarter. GSA Capital Partners LLP now owns 17,023 shares of the company’s stock valued at $690,000 after buying an additional 4,856 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of F&G Annuities & Life by 258.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 19,270 shares of the company’s stock worth $781,000 after purchasing an additional 13,890 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in F&G Annuities & Life during the 1st quarter worth approximately $510,000. Vanguard Group Inc. boosted its stake in F&G Annuities & Life by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 1,878,492 shares of the company’s stock valued at $76,173,000 after purchasing an additional 21,253 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in F&G Annuities & Life by 18.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,371 shares of the company’s stock worth $218,000 after buying an additional 819 shares during the period. 95.86% of the stock is owned by institutional investors and hedge funds.

F&G Annuities & Life Stock Up 0.2 %

Shares of NYSE FG opened at $40.47 on Tuesday. The stock has a market capitalization of $5.10 billion, a P/E ratio of 16.38 and a beta of 1.32. The stock’s fifty day moving average is $42.50 and its 200 day moving average is $40.83. F&G Annuities & Life, Inc. has a 52 week low of $31.61 and a 52 week high of $48.71. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings data on Monday, August 5th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.98 by $0.12. F&G Annuities & Life had a net margin of 6.25% and a return on equity of 13.94%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.36 billion. Sell-side analysts forecast that F&G Annuities & Life, Inc. will post 4.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FG has been the subject of a number of recent research reports. Piper Sandler boosted their target price on shares of F&G Annuities & Life from $40.00 to $46.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Barclays lowered their target price on shares of F&G Annuities & Life from $45.00 to $44.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 8th.

About F&G Annuities & Life

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.