F&G Annuities & Life, Inc. $FG Shares Bought by American Century Companies Inc.

American Century Companies Inc. raised its stake in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 23.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 365,343 shares of the company’s stock after purchasing an additional 69,242 shares during the period. American Century Companies Inc.’s holdings in F&G Annuities & Life were worth $11,684,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Seven Grand Managers LLC purchased a new position in F&G Annuities & Life during the first quarter worth approximately $9,012,000. Interval Partners LP acquired a new stake in shares of F&G Annuities & Life in the 1st quarter worth $8,639,000. Nuveen LLC purchased a new position in shares of F&G Annuities & Life during the 1st quarter worth $7,016,000. Monashee Investment Management LLC purchased a new position in shares of F&G Annuities & Life during the 1st quarter worth $6,309,000. Finally, Alyeska Investment Group L.P. acquired a new position in shares of F&G Annuities & Life during the 1st quarter valued at about $6,229,000. Hedge funds and other institutional investors own 95.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FG shares. Weiss Ratings restated a “hold (c+)” rating on shares of F&G Annuities & Life in a research report on Monday, November 24th. Barclays dropped their price target on shares of F&G Annuities & Life from $40.00 to $35.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 8th. Piper Sandler set a $33.00 price target on shares of F&G Annuities & Life in a research report on Tuesday, October 7th. Zacks Research upgraded F&G Annuities & Life from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Finally, Wall Street Zen raised F&G Annuities & Life from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.33.

Insiders Place Their Bets

In related news, CEO Christopher O. Blunt bought 5,000 shares of the stock in a transaction that occurred on Wednesday, November 19th. The stock was purchased at an average cost of $29.88 per share, with a total value of $149,400.00. Following the purchase, the chief executive officer directly owned 1,146,419 shares of the company’s stock, valued at $34,254,999.72. This trade represents a 0.44% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Leena Punjabi sold 3,000 shares of the company’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $33.81, for a total value of $101,430.00. Following the sale, the executive vice president owned 64,064 shares in the company, valued at approximately $2,166,003.84. This trade represents a 4.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.10% of the company’s stock.

F&G Annuities & Life Stock Down 0.6%

Shares of NYSE:FG opened at $33.18 on Friday. The firm has a market capitalization of $4.47 billion, a PE ratio of 9.73 and a beta of 1.45. F&G Annuities & Life, Inc. has a 1 year low of $28.70 and a 1 year high of $47.82. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.27 and a quick ratio of 0.27. The firm’s 50-day moving average is $30.77 and its two-hundred day moving average is $32.06.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings data on Tuesday, October 3rd. The company reported $1.45 earnings per share for the quarter. F&G Annuities & Life had a net margin of 8.40% and a return on equity of 11.41%. The firm had revenue of $496.00 million during the quarter. Analysts predict that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.

F&G Annuities & Life Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, December 17th. This is an increase from F&G Annuities & Life’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a dividend yield of 3.0%. F&G Annuities & Life’s payout ratio is 25.81%.

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.