F&G Annuities & Life, Inc. (NYSE:FG) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 15.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 42,980 shares of the company’s stock after selling 7,664 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in F&G Annuities & Life were worth $1,922,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. increased its stake in F&G Annuities & Life by 218.2% during the second quarter. American Century Companies Inc. now owns 118,592 shares of the company’s stock worth $4,512,000 after acquiring an additional 81,328 shares during the last quarter. Dimensional Fund Advisors LP increased 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 purchasing an additional 64,669 shares during the last quarter. Principal Financial Group Inc. increased 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 worth $5,381,000 after purchasing an additional 22,550 shares during the last quarter. Denali Advisors LLC increased 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 purchasing an additional 16,891 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in F&G Annuities & Life by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 201,582 shares of the company’s stock valued at $9,015,000 after buying an additional 10,584 shares during the period. Institutional investors and hedge funds own 95.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on FG shares. Barclays lifted their price target on shares of F&G Annuities & Life from $44.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Piper Sandler lifted their target price on shares of F&G Annuities & Life from $40.00 to $46.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd.

F&G Annuities & Life Stock Performance

Shares of F&G Annuities & Life stock opened at $44.64 on Monday. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of -744.00 and a beta of 1.47. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.25 and a quick ratio of 0.25. The business has a 50-day moving average of $44.65 and a 200 day moving average of $42.17. 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 announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.18 billion. F&G Annuities & Life had a net margin of 0.22% and a return on equity of 13.05%. During the same quarter in the previous year, the business posted $0.96 earnings per share. As a group, sell-side analysts forecast that F&G Annuities & Life, Inc. will post 4.43 earnings per share for the current year.

F&G Annuities & Life Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.97%. This is a positive change from F&G Annuities & Life’s previous quarterly dividend of $0.21. F&G Annuities & Life’s dividend payout ratio is currently -1,466.67%.

F&G Annuities & Life Profile

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.