Denali Advisors LLC Increases Stock Position in F&G Annuities & Life, Inc. $FG

Denali Advisors LLC boosted its stake in F&G Annuities & Life, Inc. (NYSE:FG) by 1,248.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 173,433 shares of the company’s stock after acquiring an additional 160,569 shares during the period. Denali Advisors LLC’s holdings in F&G Annuities & Life were worth $5,546,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of FG. Fidelity National Financial Inc. increased its stake in F&G Annuities & Life by 4.2% in the first quarter. Fidelity National Financial Inc. now owns 110,942,551 shares of the company’s stock valued at $3,999,479,000 after purchasing an additional 4,500,000 shares during the period. Seven Grand Managers LLC acquired a new position in shares of F&G Annuities & Life during the first quarter worth about $9,012,000. Interval Partners LP acquired a new position in F&G Annuities & Life during the first quarter worth about $8,639,000. Nuveen LLC acquired a new position in F&G Annuities & Life during the first quarter worth about $7,016,000. Finally, Monashee Investment Management LLC acquired a new position in F&G Annuities & Life during the first quarter worth about $6,309,000. 95.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on FG shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of F&G Annuities & Life in a research report on Tuesday, October 14th. Barclays decreased their target price on shares of 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. Wall Street Zen lowered shares of F&G Annuities & Life from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Piper Sandler set a $33.00 target price on shares of F&G Annuities & Life in a research report on Tuesday, October 7th. Finally, Zacks Research upgraded shares of F&G Annuities & Life from a “strong sell” rating to a “hold” rating in a research report on Monday, September 1st. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $38.33.

F&G Annuities & Life Stock Performance

Shares of FG stock opened at $29.56 on Wednesday. The company’s fifty day simple moving average is $32.74 and its 200-day simple moving average is $32.73. F&G Annuities & Life, Inc. has a 52 week low of $28.70 and a 52 week high of $50.75. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.49. The company has a market cap of $3.98 billion, a PE ratio of 11.92 and a beta of 1.49.

F&G Annuities & Life (NYSE:FG) last issued its earnings results on Tuesday, October 3rd. The company reported $1.45 EPS for the quarter. F&G Annuities & Life had a net margin of 6.45% and a return on equity of 11.51%. The business had revenue of $496.00 million for the quarter. As a group, equities research analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.

F&G Annuities & Life Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, September 16th. F&G Annuities & Life’s dividend payout ratio (DPR) is currently 35.48%.

Insiders Place Their Bets

In other F&G Annuities & Life news, EVP Leena Punjabi sold 3,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president directly owned 64,064 shares of the company’s stock, valued at $2,166,003.84. This trade represents a 4.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is currently owned by corporate insiders.

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.