Capital Advisors Wealth Management LLC Grows Position in F&G Annuities & Life, Inc. (NYSE:FG)

Capital Advisors Wealth Management LLC boosted its stake in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,319 shares of the company’s stock after purchasing an additional 964 shares during the period. Capital Advisors Wealth Management LLC’s holdings in F&G Annuities & Life were worth $842,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FG. Blue Trust Inc. grew its holdings in shares of F&G Annuities & Life by 1,386.8% during the 3rd quarter. Blue Trust Inc. now owns 565 shares of the company’s stock worth $25,000 after purchasing an additional 527 shares during the period. Iron Horse Wealth Management LLC lifted its position in F&G Annuities & Life by 10.7% during the third quarter. Iron Horse Wealth Management LLC now owns 3,235 shares of the company’s stock valued at $145,000 after buying an additional 312 shares in the last quarter. SG Americas Securities LLC purchased a new stake in F&G Annuities & Life during the third quarter worth approximately $169,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of F&G Annuities & Life in the second quarter worth $215,000. Finally, GSA Capital Partners LLP purchased a new position in shares of F&G Annuities & Life in the 3rd quarter valued at $231,000. Institutional investors and hedge funds own 95.86% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FG. Piper Sandler increased their price target on F&G Annuities & Life from $40.00 to $46.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Barclays increased their target price on F&G Annuities & Life from $46.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th.

F&G Annuities & Life Price Performance

Shares of FG stock opened at $42.97 on Friday. The firm has a fifty day simple moving average of $44.26 and a 200-day simple moving average of $42.63. F&G Annuities & Life, Inc. has a twelve month low of $34.90 and a twelve month high of $50.75. 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 (NYSE:FG) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.22 earnings per share 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 company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the company posted $0.96 EPS. Equities analysts expect that F&G Annuities & Life, Inc. will post 4.43 EPS for the current year.

F&G Annuities & Life Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.22 per share. The ex-dividend date was Tuesday, December 17th. This is an increase from F&G Annuities & Life’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 2.05%. F&G Annuities & Life’s payout ratio is currently -1,466.42%.

F&G Annuities & Life 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.