311,043 Shares in F&G Annuities & Life, Inc. $FG Acquired by Cooke & Bieler LP

Cooke & Bieler LP bought a new stake in F&G Annuities & Life, Inc. (NYSE:FG) in the fourth quarter, HoldingsChannel.com reports. The firm bought 311,043 shares of the company’s stock, valued at approximately $9,596,000.

A number of other large investors have also added to or reduced their stakes in the stock. Confluence Investment Management LLC acquired a new stake in shares of F&G Annuities & Life during the 4th quarter worth $3,742,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in F&G Annuities & Life in the fourth quarter valued at approximately $1,211,000. DAVENPORT & Co LLC bought a new stake in F&G Annuities & Life during the 4th quarter worth $1,923,000. Pictet Asset Management Holding SA acquired a new position in shares of F&G Annuities & Life in the fourth quarter valued at approximately $1,533,000. Finally, Denali Advisors LLC increased its position in F&G Annuities & Life by 28.7% in the 3rd quarter. Denali Advisors LLC now owns 223,161 shares of the company’s stock valued at $6,978,000 after acquiring an additional 49,728 shares during the period. Institutional investors and hedge funds own 95.86% of the company’s stock.

F&G Annuities & Life Trading Down 0.0%

Shares of FG stock opened at $27.79 on Tuesday. The company’s fifty day simple moving average is $26.31 and its two-hundred day simple moving average is $28.20. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 7.29 and a beta of 1.28. 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, Inc. has a 1 year low of $20.57 and a 1 year high of $36.70.

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 the consensus estimate of $0.90 by ($0.08). F&G Annuities & Life had a return on equity of 10.73% and a net margin of 8.89%.The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $1.46 billion. As a group, analysts anticipate that F&G Annuities & Life, Inc. will post 3.78 earnings per share for the current year.

F&G Annuities & Life Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $1.00 annualized dividend and a yield of 3.6%. F&G Annuities & Life’s dividend payout ratio (DPR) is currently 26.25%.

F&G Annuities & Life announced that its Board of Directors has authorized a stock buyback plan on Monday, March 16th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

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

Insider Activity

In other F&G Annuities & Life news, CEO Christopher O. Blunt acquired 10,000 shares of the business’s stock in a transaction dated Friday, March 13th. The stock was bought at an average price of $20.99 per share, with a total value of $209,900.00. Following the completion of the acquisition, the chief executive officer owned 1,107,128 shares of the company’s stock, valued at $23,238,616.72. This trade represents a 0.91% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Celina J. Wang Doka acquired 4,760 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were acquired at an average cost of $20.98 per share, with a total value of $99,864.80. Following the acquisition, the director directly owned 32,071 shares of the company’s stock, valued at $672,849.58. This represents a 17.43% increase in their position. The SEC filing for this purchase provides additional information. 2.10% of the stock is currently owned by insiders.

F&G Annuities & Life Company 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.