F&G Annuities & Life, Inc. (NYSE:FG) Stock Holdings Decreased by Moors & Cabot Inc.

Moors & Cabot Inc. reduced its position in F&G Annuities & Life, Inc. (NYSE:FG) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,162 shares of the company’s stock after selling 250 shares during the period. Moors & Cabot Inc.’s holdings in F&G Annuities & Life were worth $214,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of F&G Annuities & Life by 23.1% during the third quarter. Principal Financial Group Inc. now owns 120,336 shares of the company’s stock worth $5,381,000 after purchasing an additional 22,550 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of F&G Annuities & Life during the third quarter worth approximately $231,000. Oppenheimer Asset Management Inc. boosted its holdings in shares of 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 purchasing an additional 1,937 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of F&G Annuities & Life by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 201,582 shares of the company’s stock worth $9,015,000 after purchasing an additional 10,584 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of F&G Annuities & Life during the third quarter worth approximately $381,000. 95.86% of the stock is owned by hedge funds and other institutional investors.

F&G Annuities & Life Price Performance

NYSE FG opened at $42.73 on Monday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $5.42 billion, a PE ratio of 8.81 and a beta of 1.72. The company has a 50 day moving average price of $43.13 and a two-hundred day moving average price of $43.42. F&G Annuities & Life, Inc. has a 12-month low of $34.90 and a 12-month high of $50.75.

F&G Annuities & Life (NYSE:FG) last posted its earnings results on Thursday, February 20th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.13). The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.34 billion. F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Monday, March 17th. F&G Annuities & Life’s payout ratio is 18.14%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Stephens restated an “equal weight” rating and set a $47.00 price target on shares of F&G Annuities & Life in a report on Monday, February 24th. Barclays raised their price target on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th.

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.