Crescent Grove Advisors LLC Has $1.26 Million Stock Holdings in F&G Annuities & Life, Inc. (NYSE:FG)

Crescent Grove Advisors LLC raised its holdings in F&G Annuities & Life, Inc. (NYSE:FG) by 22.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 30,479 shares of the company’s stock after acquiring an additional 5,642 shares during the period. Crescent Grove Advisors LLC’s holdings in F&G Annuities & Life were worth $1,263,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in FG. Dimensional Fund Advisors LP grew its stake in shares of F&G Annuities & Life by 25.1% in the second quarter. Dimensional Fund Advisors LP now owns 322,714 shares of the company’s stock worth $12,282,000 after acquiring an additional 64,669 shares during the last quarter. AQR Capital Management LLC bought a new stake in F&G Annuities & Life in the 2nd quarter valued at $350,000. The Manufacturers Life Insurance Company grew its position in F&G Annuities & Life by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,088 shares of the company’s stock worth $574,000 after purchasing an additional 272 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of F&G Annuities & Life during the 3rd quarter worth about $169,000. Finally, Blue Trust Inc. raised its position in shares of F&G Annuities & Life by 1,386.8% during the third quarter. Blue Trust Inc. now owns 565 shares of the company’s stock valued at $25,000 after buying an additional 527 shares during the last quarter. 95.86% of the stock is owned by institutional investors.

F&G Annuities & Life Stock Performance

Shares of FG stock opened at $43.08 on Friday. The firm has a fifty day moving average of $43.92 and a 200-day moving average of $42.91. F&G Annuities & Life, Inc. has a 52-week low of $34.90 and a 52-week high of $50.75. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.25 and a current ratio of 0.25.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.03. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.18 billion. F&G Annuities & Life had a net margin of 0.22% and a return on equity of 13.05%. During the same quarter in the prior year, the business posted $0.96 earnings per share. On average, equities research analysts forecast that F&G Annuities & Life, Inc. will post 4.43 earnings per share for the current year.

F&G Annuities & Life Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Tuesday, December 17th. This is an increase from F&G Annuities & Life’s previous quarterly dividend of $0.21. F&G Annuities & Life’s dividend payout ratio (DPR) is -1,466.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FG shares. Piper Sandler lifted their target price on F&G Annuities & Life from $40.00 to $46.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Barclays lifted their price objective 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.