AQR Capital Management LLC Makes New $350,000 Investment in F&G Annuities & Life, Inc. (NYSE:FG)

AQR Capital Management LLC acquired a new position in F&G Annuities & Life, Inc. (NYSE:FG) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,205 shares of the company’s stock, valued at approximately $350,000.

A number of other hedge funds also recently modified their holdings of FG. State Board of Administration of Florida Retirement System lifted its position in shares of F&G Annuities & Life by 258.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 19,270 shares of the company’s stock worth $781,000 after buying an additional 13,890 shares during the period. Vanguard Group Inc. lifted its position in shares of F&G Annuities & Life by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 1,878,492 shares of the company’s stock worth $76,173,000 after buying an additional 21,253 shares during the period. Jupiter Asset Management Ltd. bought a new position in shares of F&G Annuities & Life during the 1st quarter worth approximately $510,000. Denali Advisors LLC lifted its position in shares of F&G Annuities & Life by 14,687.8% during the 2nd quarter. Denali Advisors LLC now owns 17,006 shares of the company’s stock worth $647,000 after buying an additional 16,891 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of F&G Annuities & Life by 25.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 322,714 shares of the company’s stock worth $12,282,000 after buying an additional 64,669 shares during the period. Institutional investors own 95.86% of the company’s stock.

Wall Street Analyst Weigh In

FG has been the subject of several analyst reports. Barclays cut their target price on F&G Annuities & Life from $45.00 to $44.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 8th. Piper Sandler raised their target price on F&G Annuities & Life from $40.00 to $46.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd.

F&G Annuities & Life Trading Up 2.9 %

Shares of FG opened at $44.83 on Thursday. The stock has a fifty day moving average price of $41.99 and a two-hundred day moving average price of $40.55. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. F&G Annuities & Life, Inc. has a 52-week low of $28.77 and a 52-week high of $48.71. The company has a market cap of $5.65 billion, a price-to-earnings ratio of 22.87 and a beta of 1.20.

F&G Annuities & Life (NYSE:FG) last issued its quarterly earnings data on Monday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.12. F&G Annuities & Life had a return on equity of 13.94% and a net margin of 6.25%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.36 billion. Analysts predict that F&G Annuities & Life, Inc. will post 4.32 EPS for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.21 per share. The ex-dividend date was Monday, September 16th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.87%. F&G Annuities & Life’s payout ratio is currently 42.86%.

About F&G Annuities & Life

F&G Annuities & Life, Inc provides fixed annuities and life insurance products in the United States. The company portfolio includes fixed indexed annuities, multi-year guarantee annuities, and pension risk transfer solution, as well as indexed universal life insurance, institutional funding agreements, and index-linked annuities.