Moors & Cabot Inc. Sells 250 Shares of F&G Annuities & Life, Inc. (NYSE:FG)

Moors & Cabot Inc. lowered its stake in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,162 shares of the company’s stock after selling 250 shares during the quarter. Moors & Cabot Inc.’s holdings in F&G Annuities & Life were worth $214,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. increased its position in F&G Annuities & Life by 59.6% during the fourth quarter. Blue Trust Inc. now owns 902 shares of the company’s stock worth $40,000 after acquiring an additional 337 shares during the period. AlphaQuest LLC increased its position in F&G Annuities & Life by 314,200.0% during the fourth quarter. AlphaQuest LLC now owns 3,143 shares of the company’s stock worth $130,000 after acquiring an additional 3,142 shares during the period. US Bancorp DE increased its position in F&G Annuities & Life by 910.8% during the fourth quarter. US Bancorp DE now owns 3,932 shares of the company’s stock worth $163,000 after acquiring an additional 3,543 shares during the period. Iron Horse Wealth Management LLC increased its holdings in F&G Annuities & Life by 32.1% in the 4th quarter. Iron Horse Wealth Management LLC now owns 4,275 shares of the company’s stock valued at $177,000 after buying an additional 1,040 shares during the period. Finally, SG Americas Securities LLC increased its holdings in F&G Annuities & Life by 45.6% in the 4th quarter. SG Americas Securities LLC now owns 5,516 shares of the company’s stock valued at $229,000 after buying an additional 1,728 shares during the period. Institutional investors own 95.86% of the company’s stock.

F&G Annuities & Life Stock Up 6.1 %

Shares of NYSE:FG opened at $42.73 on Monday. F&G Annuities & Life, Inc. has a 52 week low of $34.90 and a 52 week high of $50.75. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.25 and a current ratio of 0.25. The company’s fifty day moving average is $43.13 and its 200-day moving average is $43.42. The company has a market capitalization of $5.42 billion, a PE ratio of 8.81 and a beta of 1.72.

F&G Annuities & Life (NYSE:FG) last issued its earnings results on Thursday, February 20th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.13). F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.34 billion. Equities research 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 firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given 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 2.06%. F&G Annuities & Life’s payout ratio is presently 18.14%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Barclays boosted their price target on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Stephens reissued an “equal weight” rating and issued a $47.00 price target on shares of F&G Annuities & Life in a report on Monday, February 24th.

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.