Brave Warrior Advisors LLC Lowers Holdings in F&G Annuities & Life, Inc. $FG

Brave Warrior Advisors LLC lowered its position in F&G Annuities & Life, Inc. (NYSE:FG) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,222,765 shares of the company’s stock after selling 66,398 shares during the quarter. F&G Annuities & Life makes up about 3.8% of Brave Warrior Advisors LLC’s portfolio, making the stock its 14th biggest position. Brave Warrior Advisors LLC’s holdings in F&G Annuities & Life were worth $167,024,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ameriprise Financial Inc. lifted its holdings in shares of F&G Annuities & Life by 7.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 66,211 shares of the company’s stock worth $2,117,000 after buying an additional 4,469 shares during the period. Quantinno Capital Management LP bought a new stake in shares of F&G Annuities & Life in the second quarter valued at about $298,000. Parkwood LLC lifted its stake in F&G Annuities & Life by 32.0% in the second quarter. Parkwood LLC now owns 205,944 shares of the company’s stock worth $6,586,000 after acquiring an additional 49,883 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in F&G Annuities & Life by 5.7% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,668 shares of the company’s stock worth $373,000 after acquiring an additional 633 shares in the last quarter. Finally, Sei Investments Co. increased its position in F&G Annuities & Life by 211.2% during the 2nd quarter. Sei Investments Co. now owns 19,700 shares of the company’s stock valued at $630,000 after purchasing an additional 13,370 shares during the period. 95.86% of the stock is owned by institutional investors.

F&G Annuities & Life Stock Performance

Shares of FG stock opened at $34.44 on Friday. F&G Annuities & Life, Inc. has a 12-month low of $28.70 and a 12-month high of $47.76. The business’s fifty day simple moving average is $31.09 and its 200-day simple moving average is $32.15. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.45. The company has a market cap of $4.64 billion, a PE ratio of 10.10 and a beta of 1.45.

F&G Annuities & Life (NYSE:FG) last announced its earnings results on Tuesday, October 3rd. The company reported $1.45 earnings per share for the quarter. F&G Annuities & Life had a return on equity of 11.41% and a net margin of 8.40%.The firm had revenue of $496.00 million for the quarter. Analysts expect that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current fiscal year.

F&G Annuities & Life Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, December 17th. This is a positive change from F&G Annuities & Life’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.9%. F&G Annuities & Life’s payout ratio is presently 29.33%.

Insider Activity

In other F&G Annuities & Life news, EVP Leena Punjabi sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $33.81, for a total transaction of $101,430.00. Following the transaction, the executive vice president owned 64,064 shares in the company, valued at approximately $2,166,003.84. This represents a 4.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Christopher O. Blunt purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was bought at an average cost of $29.88 per share, with a total value of $149,400.00. Following the acquisition, the chief executive officer owned 1,146,419 shares of the company’s stock, valued at approximately $34,254,999.72. The trade was a 0.44% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

FG has been the subject of several research reports. Wall Street Zen raised shares of F&G Annuities & Life from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Piper Sandler set a $33.00 target price on F&G Annuities & Life in a report on Tuesday, October 7th. Barclays dropped their target price on F&G Annuities & Life from $40.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 8th. Weiss Ratings restated a “hold (c)” rating on shares of F&G Annuities & Life in a research note on Monday. Finally, Zacks Research raised F&G Annuities & Life from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $38.33.

About F&G Annuities & Life

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.