Iron Horse Wealth Management LLC Boosts Position in F&G Annuities & Life, Inc. (NYSE:FG)

Iron Horse Wealth Management LLC lifted its position in F&G Annuities & Life, Inc. (NYSE:FG) by 10.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 3,235 shares of the company’s stock after buying an additional 312 shares during the period. Iron Horse Wealth Management LLC’s holdings in F&G Annuities & Life were worth $145,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FG. Blue Trust Inc. increased its stake in F&G Annuities & Life by 1,386.8% in 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. SG Americas Securities LLC purchased a new position in shares of F&G Annuities & Life in the third quarter valued at about $169,000. The Manufacturers Life Insurance Company raised its stake in shares of F&G Annuities & Life by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 15,088 shares of the company’s stock valued at $574,000 after acquiring an additional 272 shares during the last quarter. AQR Capital Management LLC bought a new position in F&G Annuities & Life during the 2nd quarter valued at approximately $350,000. Finally, Denali Advisors LLC raised its stake in F&G Annuities & Life by 14,687.8% in the second quarter. Denali Advisors LLC now owns 17,006 shares of the company’s stock worth $647,000 after buying an additional 16,891 shares in the last quarter. Hedge funds and other institutional investors own 95.86% of the company’s stock.

Wall Street Analyst Weigh In

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

F&G Annuities & Life Stock Performance

FG traded down $0.26 during trading on Wednesday, hitting $41.93. The company’s stock had a trading volume of 14,658 shares, compared to its average volume of 89,626. The business’s 50 day simple moving average is $42.37 and its 200-day simple moving average is $40.61. The firm has a market cap of $5.29 billion, a PE ratio of 21.53 and a beta of 1.20. F&G Annuities & Life, Inc. has a one year low of $28.77 and a one year high of $48.71. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54.

F&G Annuities & Life (NYSE:FG) last issued its quarterly earnings results on Monday, August 5th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.12. F&G Annuities & Life had a return on equity of 13.94% and a net margin of 6.25%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.36 billion. As a group, sell-side analysts predict that F&G Annuities & Life, Inc. will post 4.32 EPS for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $0.21 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.84 annualized dividend and a dividend yield of 2.00%. F&G Annuities & Life’s payout ratio is 42.86%.

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.