Denali Advisors LLC Has $518,000 Stock Position in F&G Annuities & Life, Inc. (NYSE:FG)

Denali Advisors LLC lessened its position in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 55.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,500 shares of the company’s stock after selling 15,715 shares during the quarter. Denali Advisors LLC’s holdings in F&G Annuities & Life were worth $518,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Hotchkis & Wiley Capital Management LLC acquired a new stake in F&G Annuities & Life during the third quarter worth $6,369,000. Fisher Funds Management LTD bought a new position in shares of F&G Annuities & Life during the 4th quarter worth about $5,421,000. Barclays PLC boosted its position in shares of F&G Annuities & Life by 527.8% during the 3rd quarter. Barclays PLC now owns 42,524 shares of the company’s stock valued at $1,902,000 after acquiring an additional 35,750 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of F&G Annuities & Life by 23.1% during the 3rd quarter. Principal Financial Group Inc. now owns 120,336 shares of the company’s stock valued at $5,381,000 after acquiring an additional 22,550 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in F&G Annuities & Life by 8.7% in the fourth quarter. Bank of New York Mellon Corp now owns 256,267 shares of the company’s stock valued at $10,620,000 after acquiring an additional 20,559 shares during the period. 95.86% of the stock is currently owned by institutional investors.

F&G Annuities & Life Trading Up 1.0 %

Shares of F&G Annuities & Life stock opened at $41.63 on Thursday. F&G Annuities & Life, Inc. has a 12-month low of $34.90 and a 12-month high of $50.75. The stock has a market capitalization of $5.25 billion, a P/E ratio of 8.58 and a beta of 1.65. The company has a 50-day simple moving average of $43.27 and a 200 day simple moving average of $43.37. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.46.

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 analyst estimates of $1.34 billion. Research analysts expect 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 firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.22 per share. The ex-dividend date is Monday, March 17th. This represents a $0.88 dividend on an annualized basis and a yield of 2.11%. F&G Annuities & Life’s dividend payout ratio is 18.14%.

Wall Street Analyst Weigh In

A number of research analysts have commented on FG shares. Stephens restated an “equal weight” rating and set a $47.00 price target on shares of F&G Annuities & Life in a research note on Monday. Barclays raised their target price on F&G Annuities & Life from $46.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th.

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.