Point72 Asia Singapore Pte. Ltd. Takes Position in F&G Annuities & Life, Inc. (NYSE:FG)

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of F&G Annuities & Life, Inc. (NYSE:FG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,511 shares of the company’s stock, valued at approximately $381,000.

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in shares of F&G Annuities & Life by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 201,582 shares of the company’s stock worth $9,015,000 after buying an additional 10,584 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in F&G Annuities & Life by 34.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 7,580 shares of the company’s stock valued at $339,000 after acquiring an additional 1,937 shares during the period. GSA Capital Partners LLP bought a new position in shares of F&G Annuities & Life during the third quarter valued at $231,000. Principal Financial Group Inc. lifted its holdings in shares of F&G Annuities & Life by 23.1% during the third quarter. Principal Financial Group Inc. now owns 120,336 shares of the company’s stock worth $5,381,000 after purchasing an additional 22,550 shares during the period. Finally, Crescent Grove Advisors LLC grew its stake in shares of F&G Annuities & Life by 21.2% in the third quarter. Crescent Grove Advisors LLC now owns 24,837 shares of the company’s stock worth $1,111,000 after purchasing an additional 4,341 shares during the last quarter. Institutional investors and hedge funds own 95.86% of the company’s stock.

Analysts Set New Price Targets

FG has been the subject of a number of analyst reports. Piper Sandler raised their price objective on F&G Annuities & Life from $40.00 to $46.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Barclays raised their price objective on shares of F&G Annuities & Life from $44.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th.

F&G Annuities & Life Trading Up 0.9 %

Shares of F&G Annuities & Life stock opened at $48.76 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.25 and a current ratio of 0.25. F&G Annuities & Life, Inc. has a 52 week low of $34.90 and a 52 week high of $50.75. The stock has a 50 day moving average price of $44.09 and a two-hundred day moving average price of $41.82. The stock has a market capitalization of $6.15 billion, a PE ratio of -803.50 and a beta of 1.32.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. F&G Annuities & Life had a net margin of 0.22% and a return on equity of 13.05%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the business posted $0.96 EPS. As a group, equities analysts anticipate that F&G Annuities & Life, Inc. will post 4.32 earnings per share for the current fiscal year.

F&G Annuities & Life Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a dividend of $0.22 per share. This is a boost from F&G Annuities & Life’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, December 17th. This represents a $0.88 annualized dividend and a dividend yield of 1.80%. F&G Annuities & Life’s payout ratio is presently -1,466.67%.

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.