Unison Advisors LLC Takes Position in F&G Annuities & Life, Inc. $FG

Unison Advisors LLC purchased a new stake in shares of F&G Annuities & Life, Inc. (NYSE:FG) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 22,740 shares of the company’s stock, valued at approximately $702,000.

Several other hedge funds have also recently bought and sold shares of the business. Harbor Capital Advisors Inc. grew its stake in F&G Annuities & Life by 474.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 902 shares of the company’s stock valued at $28,000 after acquiring an additional 745 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of F&G Annuities & Life by 432.6% during the fourth quarter. GAMMA Investing LLC now owns 932 shares of the company’s stock worth $29,000 after purchasing an additional 757 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of F&G Annuities & Life by 83.8% during the third quarter. EverSource Wealth Advisors LLC now owns 1,211 shares of the company’s stock worth $38,000 after purchasing an additional 552 shares during the period. Board of the Pension Protection Fund purchased a new position in F&G Annuities & Life during the fourth quarter valued at approximately $52,000. Finally, Larson Financial Group LLC increased its stake in F&G Annuities & Life by 939.1% in the 3rd quarter. Larson Financial Group LLC now owns 2,764 shares of the company’s stock valued at $86,000 after buying an additional 2,498 shares during the period. 95.86% of the stock is owned by hedge funds and other institutional investors.

F&G Annuities & Life Price Performance

F&G Annuities & Life stock opened at $26.05 on Monday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.45. F&G Annuities & Life, Inc. has a 1-year low of $20.57 and a 1-year high of $37.01. The firm’s fifty day simple moving average is $25.41 and its 200-day simple moving average is $28.94. The company has a market capitalization of $3.53 billion, a P/E ratio of 14.24 and a beta of 1.28.

F&G Annuities & Life (NYSE:FG) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.43). The business had revenue of $739.00 million during the quarter, compared to the consensus estimate of $1.55 billion. F&G Annuities & Life had a return on equity of 10.48% and a net margin of 4.62%. Sell-side analysts forecast that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current fiscal year.

F&G Annuities & Life announced that its Board of Directors has authorized a share buyback program on Monday, March 16th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

F&G Annuities & Life Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Tuesday, March 17th. F&G Annuities & Life’s dividend payout ratio is 54.64%.

Insider Transactions at F&G Annuities & Life

In related news, CEO Christopher O. Blunt bought 10,000 shares of F&G Annuities & Life stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average cost of $20.99 per share, for a total transaction of $209,900.00. Following the acquisition, the chief executive officer owned 1,107,128 shares in the company, valued at $23,238,616.72. This trade represents a 0.91% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Celina J. Wang Doka bought 4,760 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were bought at an average cost of $20.98 per share, with a total value of $99,864.80. Following the transaction, the director directly owned 32,071 shares of the company’s stock, valued at approximately $672,849.58. This trade represents a 17.43% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FG. Zacks Research downgraded shares of F&G Annuities & Life from a “hold” rating to a “strong sell” rating in a research report on Monday, February 23rd. Weiss Ratings restated a “hold (c)” rating on shares of F&G Annuities & Life in a report on Friday, March 27th. Wall Street Zen upgraded F&G Annuities & Life from a “hold” rating to a “buy” rating in a report on Saturday, March 21st. Finally, Barclays set a $31.00 price objective on F&G Annuities & Life in a research report on Thursday, January 8th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $32.00.

F&G Annuities & Life Profile

F&G Annuities & Life is the principal life insurance and annuity subsidiary of F&G Financial Group, Inc (NYSE: FG), a publicly traded financial services holding company headquartered in Des Moines, Iowa. The company focuses on designing and issuing retirement income solutions that address longevity risk, capital preservation, and wealth transfer for individual and institutional clients.

Its product suite includes fixed indexed annuities, which offer the potential for market-linked growth with downside protection; fixed-rate annuities, delivering guaranteed interest over a defined term; and a range of life insurance policies such as term, universal, and variable universal life.