20,051 Shares in F&G Annuities & Life, Inc. $FG Acquired by Basswood Capital Management L.L.C.

Basswood Capital Management L.L.C. acquired a new position in shares of F&G Annuities & Life, Inc. (NYSE:FG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 20,051 shares of the company’s stock, valued at approximately $619,000.

A number of other institutional investors have also added to or reduced their stakes in FG. Cubist Systematic Strategies LLC acquired a new position in F&G Annuities & Life during the 1st quarter worth approximately $89,000. AQR Capital Management LLC bought a new stake in F&G Annuities & Life during the 1st quarter worth approximately $521,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in F&G Annuities & Life by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,035 shares of the company’s stock worth $398,000 after acquiring an additional 452 shares during the last quarter. Millennium Management LLC grew its holdings in F&G Annuities & Life by 330.8% during the 1st quarter. Millennium Management LLC now owns 217,306 shares of the company’s stock worth $7,834,000 after acquiring an additional 166,863 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in F&G Annuities & Life during the 1st quarter worth approximately $276,000. 95.86% of the stock is currently owned by institutional investors and hedge funds.

F&G Annuities & Life Trading Up 1.0%

NYSE:FG opened at $28.89 on Friday. The firm’s fifty day moving average is $27.37 and its 200-day moving average is $27.86. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.29 and a current ratio of 0.29. F&G Annuities & Life, Inc. has a 52 week low of $20.57 and a 52 week high of $36.70. The firm has a market cap of $3.83 billion, a P/E ratio of 7.58 and a beta of 1.22.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings data 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. Equities analysts expect that F&G Annuities & Life, Inc. will post 3.78 earnings per share for the current year.

F&G Annuities & Life announced that its board has approved a share buyback plan on Monday, March 16th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

F&G Annuities & Life Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, June 16th. F&G Annuities & Life’s dividend payout ratio is currently 26.25%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Barclays reduced their target price on shares of 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. Zacks Research raised shares of F&G Annuities & Life to a “hold” rating in a report on Thursday, May 7th. Weiss Ratings reissued a “hold (c)” rating on shares of F&G Annuities & Life in a report on Friday, March 27th. Raymond James Financial assumed coverage on shares of F&G Annuities & Life in a report on Wednesday, May 6th. They set a “market perform” rating on the stock. Finally, Wall Street Zen lowered shares of F&G Annuities & Life from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $30.00.

About F&G Annuities & Life

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.