Victory Capital Management Inc. Cuts Holdings in F&G Annuities & Life, Inc. (NYSE:FG)

Victory Capital Management Inc. cut its stake in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,267 shares of the company’s stock after selling 449 shares during the period. Victory Capital Management Inc.’s holdings in F&G Annuities & Life were worth $633,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of FG. Blue Trust Inc. raised its holdings in F&G Annuities & Life by 59.6% during the fourth quarter. Blue Trust Inc. now owns 902 shares of the company’s stock valued at $40,000 after acquiring an additional 337 shares during the period. US Bancorp DE increased its stake in F&G Annuities & Life by 910.8% during the fourth quarter. US Bancorp DE now owns 3,932 shares of the company’s stock worth $163,000 after acquiring an additional 3,543 shares during the last quarter. Iron Horse Wealth Management LLC boosted its position in shares of F&G Annuities & Life by 32.1% during the fourth quarter. Iron Horse Wealth Management LLC now owns 4,275 shares of the company’s stock valued at $177,000 after buying an additional 1,040 shares during the period. SG Americas Securities LLC boosted its position in shares of F&G Annuities & Life by 45.6% during the fourth quarter. SG Americas Securities LLC now owns 5,516 shares of the company’s stock valued at $229,000 after buying an additional 1,728 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of F&G Annuities & Life during the third quarter valued at approximately $231,000. 95.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Stephens reiterated an “equal weight” rating and issued a $47.00 price target on shares of F&G Annuities & Life in a report on Monday, February 24th. Barclays upped their price target on F&G Annuities & Life from $46.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th.

F&G Annuities & Life Price Performance

NYSE:FG opened at $34.76 on Friday. F&G Annuities & Life, Inc. has a one year low of $34.08 and a one year 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. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 7.17 and a beta of 1.72. The firm’s fifty day moving average is $42.97 and its two-hundred day moving average is $43.25.

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

F&G Annuities & Life Announces Dividend

The business 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 2.53%. The ex-dividend date of this dividend is Monday, March 17th. F&G Annuities & Life’s dividend payout ratio is presently 18.14%.

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.