Crescent Grove Advisors LLC Has $1.26 Million Holdings in F&G Annuities & Life, Inc. (NYSE:FG)

Crescent Grove Advisors LLC increased its position in F&G Annuities & Life, Inc. (NYSE:FG) by 22.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 30,479 shares of the company’s stock after purchasing an additional 5,642 shares during the period. Crescent Grove Advisors LLC’s holdings in F&G Annuities & Life were worth $1,263,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FG. State Street Corp lifted its position in shares of F&G Annuities & Life by 1.2% in the third quarter. State Street Corp now owns 413,210 shares of the company’s stock worth $18,479,000 after purchasing an additional 4,910 shares in the last quarter. Geode Capital Management LLC lifted its position in F&G Annuities & Life by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 405,047 shares of the company’s stock worth $18,117,000 after buying an additional 3,453 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 valued at $12,282,000 after buying an additional 64,669 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of F&G Annuities & Life by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 201,582 shares of the company’s stock valued at $9,015,000 after acquiring an additional 10,584 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in shares of F&G Annuities & Life in the third quarter worth $6,369,000. 95.86% of the stock is currently owned by hedge funds and other institutional investors.

F&G Annuities & Life Stock Performance

F&G Annuities & Life stock opened at $43.08 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.25 and a current ratio of 0.25. F&G Annuities & Life, Inc. has a 1-year low of $34.90 and a 1-year high of $50.75. The firm’s fifty day simple moving average is $43.92 and its 200-day simple moving average is $42.91.

F&G Annuities & Life (NYSE:FG) last posted its earnings results on Wednesday, November 6th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.03. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.18 billion. F&G Annuities & Life had a return on equity of 13.05% and a net margin of 0.22%. During the same period last year, the company earned $0.96 earnings per share. On average, equities research analysts expect that F&G Annuities & Life, Inc. will post 4.43 EPS for the current fiscal year.

F&G Annuities & Life Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.88 dividend on an annualized basis and a yield of 2.04%. This is a boost from F&G Annuities & Life’s previous quarterly dividend of $0.21. F&G Annuities & Life’s dividend payout ratio is presently -1,466.42%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FG. Piper Sandler lifted their price objective on F&G Annuities & Life from $40.00 to $46.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Barclays lifted their price target on 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.

F&G Annuities & Life Company 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.