Crescent Grove Advisors LLC Has $1.98 Million Position in F&G Annuities & Life, Inc. $FG

Crescent Grove Advisors LLC boosted its stake in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 87.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,280 shares of the company’s stock after buying an additional 29,941 shares during the quarter. Crescent Grove Advisors LLC’s holdings in F&G Annuities & Life were worth $1,983,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FG. Elevated Capital Advisors LLC acquired a new position in F&G Annuities & Life during the 4th quarter worth about $27,000. Hantz Financial Services Inc. lifted its holdings in F&G Annuities & Life by 29,066.7% during the 4th quarter. Hantz Financial Services Inc. now owns 875 shares of the company’s stock worth $27,000 after buying an additional 872 shares during the period. GAMMA Investing LLC lifted its holdings in F&G Annuities & Life by 432.6% during the 4th quarter. GAMMA Investing LLC now owns 932 shares of the company’s stock worth $29,000 after buying an additional 757 shares during the period. Allworth Financial LP lifted its holdings in F&G Annuities & Life by 276.0% during the 4th quarter. Allworth Financial LP now owns 1,173 shares of the company’s stock worth $36,000 after buying an additional 861 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in F&G Annuities & Life by 83.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,211 shares of the company’s stock worth $38,000 after buying an additional 552 shares during the period. 95.86% of the stock is owned by institutional investors and hedge funds.

F&G Annuities & Life Stock Performance

Shares of F&G Annuities & Life stock opened at $25.88 on Thursday. F&G Annuities & Life, Inc. has a one year low of $20.57 and a one year high of $36.70. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 6.79 and a beta of 1.22. The business has a 50-day simple moving average of $26.92 and a 200 day simple moving average of $27.98. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.29 and a quick ratio of 0.29.

F&G Annuities & Life (NYSE:FG) last issued its earnings results on Wednesday, May 6th. The company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). F&G Annuities & Life had a net margin of 8.89% and a return on equity of 10.73%. The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $1.46 billion. On average, research analysts anticipate that F&G Annuities & Life, Inc. will post 3.78 earnings per share for the current fiscal year.

F&G Annuities & Life Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, June 16th. F&G Annuities & Life’s payout ratio is presently 26.25%.

F&G Annuities & Life announced that its Board of Directors has approved a share repurchase program on Monday, March 16th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

FG has been the topic of several recent research reports. Barclays cut their target price on F&G Annuities & Life from $31.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Raymond James Financial began coverage on F&G Annuities & Life in a research note on Wednesday, May 6th. They issued a “market perform” rating on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of F&G Annuities & Life in a research note on Friday, March 27th. Wall Street Zen downgraded F&G Annuities & Life from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Finally, Zacks Research raised F&G Annuities & Life to a “hold” rating in a research note on Thursday, May 7th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $30.00.

Insider Transactions at F&G Annuities & Life

In related news, CEO Christopher O. Blunt acquired 10,000 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was purchased at an average cost of $20.99 per share, with a total value of $209,900.00. Following the acquisition, the chief executive officer owned 1,107,128 shares of the company’s stock, valued at approximately $23,238,616.72. This trade represents a 0.91% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Celina J. Wang Doka acquired 4,760 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were bought at an average cost of $20.98 per share, with a total value of $99,864.80. Following the completion of the acquisition, the director directly owned 32,071 shares in the company, valued at approximately $672,849.58. This represents a 17.43% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 2.10% of the company’s stock.

F&G Annuities & Life Profile

F&G Annuities & Life is the principal life insurance and annuity subsidiary of F&G Financial Group, Inc (NYSE: FG), a publicly traded financial services holding company headquartered in Des Moines, Iowa. The company focuses on designing and issuing retirement income solutions that address longevity risk, capital preservation, and wealth transfer for individual and institutional clients.

Its product suite includes fixed indexed annuities, which offer the potential for market-linked growth with downside protection; fixed-rate annuities, delivering guaranteed interest over a defined term; and a range of life insurance policies such as term, universal, and variable universal life.