Fisher Funds Management LTD Makes New Investment in F&G Annuities & Life, Inc. (NYSE:FG)

Fisher Funds Management LTD acquired a new position in shares of F&G Annuities & Life, Inc. (NYSE:FG) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 130,074 shares of the company’s stock, valued at approximately $5,421,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. boosted 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 valued at $25,000 after purchasing an additional 527 shares during the period. Iron Horse Wealth Management LLC lifted its holdings in shares of F&G Annuities & Life by 32.1% during the fourth quarter. Iron Horse Wealth Management LLC now owns 4,275 shares of the company’s stock worth $177,000 after buying an additional 1,040 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of F&G Annuities & Life by 45.6% in the fourth quarter. SG Americas Securities LLC now owns 5,516 shares of the company’s stock valued at $229,000 after acquiring an additional 1,728 shares during the period. GSA Capital Partners LLP acquired a new position in shares of F&G Annuities & Life in the third quarter valued at about $231,000. Finally, Oppenheimer Asset Management Inc. increased its position in F&G Annuities & Life by 34.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 7,580 shares of the company’s stock worth $339,000 after acquiring an additional 1,937 shares during the period. Institutional investors and hedge funds own 95.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barclays boosted their price objective on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday, January 6th.

F&G Annuities & Life Price Performance

Shares of NYSE FG opened at $40.08 on Friday. The business has a fifty day moving average price of $43.37 and a two-hundred day moving average price of $43.30. The stock has a market capitalization of $5.05 billion, a PE ratio of 8.26 and a beta of 1.66. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.25 and a quick ratio of 0.25. F&G Annuities & Life, Inc. has a fifty-two week low of $34.90 and a fifty-two week high of $50.75.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings data on Thursday, February 20th. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.13). F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.34 billion. As a group, equities analysts predict that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current fiscal year.

F&G Annuities & Life Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.88 annualized dividend and a dividend yield of 2.20%. F&G Annuities & Life’s dividend payout ratio is 18.14%.

F&G Annuities & Life Profile

F&G Annuities & Life, Inc engages in the provision of fixed annuity and life insurance products. It specializes in life insurance, annuities, retirement planning and wealth transfer. The company was founded in 1959 and is headquartered in Des Moines, IA.