Fisher Funds Management LTD Takes Position in F&G Annuities & Life, Inc. (NYSE:FG)

Fisher Funds Management LTD acquired a new position in shares of F&G Annuities & Life, Inc. (NYSE:FG) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 130,074 shares of the company’s stock, valued at approximately $5,421,000. Fisher Funds Management LTD owned 0.10% of F&G Annuities & Life as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Blue Trust Inc. raised its stake in shares of F&G Annuities & Life by 1,386.8% in the 3rd quarter. Blue Trust Inc. now owns 565 shares of the company’s stock valued at $25,000 after purchasing an additional 527 shares during the period. Cannon Global Investment Management LLC bought a new stake in F&G Annuities & Life during the 3rd quarter worth about $362,000. Arthur M. Cohen & Associates LLC lifted its position in F&G Annuities & Life by 2.1% during the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 34,815 shares of the company’s stock worth $1,468,000 after buying an additional 725 shares in the last quarter. Crescent Grove Advisors LLC boosted its stake in shares of F&G Annuities & Life by 21.2% during the 3rd quarter. Crescent Grove Advisors LLC now owns 24,837 shares of the company’s stock worth $1,111,000 after buying an additional 4,341 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of F&G Annuities & Life by 23.1% in the 3rd quarter. Principal Financial Group Inc. now owns 120,336 shares of the company’s stock valued at $5,381,000 after acquiring an additional 22,550 shares in the last quarter. 95.86% of the stock is owned by institutional investors.

F&G Annuities & Life Price Performance

Shares of FG opened at $40.08 on Friday. The company has a market cap of $5.05 billion, a price-to-earnings ratio of 8.26 and a beta of 1.66. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.46. The company’s fifty day simple moving average is $43.37 and its 200 day simple moving average is $43.30. F&G Annuities & Life, Inc. has a 1-year low of $34.90 and a 1-year high of $50.75.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings results on Thursday, February 20th. The company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.13). The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.34 billion. F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. On average, research analysts forecast that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current fiscal year.

F&G Annuities & Life Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Monday, March 17th. F&G Annuities & Life’s dividend payout ratio (DPR) is presently 18.14%.

Analyst Ratings Changes

Separately, Barclays upped their target price on F&G Annuities & Life from $46.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th.

About F&G Annuities & Life

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.