Jane Street Group LLC Reduces Stock Position in F&G Annuities & Life, Inc. (NYSE:FG)

Jane Street Group LLC cut its stake in F&G Annuities & Life, Inc. (NYSE:FG) by 76.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 13,173 shares of the company’s stock after selling 42,284 shares during the quarter. Jane Street Group LLC’s holdings in F&G Annuities & Life were worth $589,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp lifted its holdings in F&G Annuities & Life by 1.2% in the third quarter. State Street Corp now owns 413,210 shares of the company’s stock worth $18,479,000 after buying an additional 4,910 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of F&G Annuities & Life by 25.1% during the second quarter. Dimensional Fund Advisors LP now owns 322,714 shares of the company’s stock valued at $12,282,000 after purchasing an additional 64,669 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of F&G Annuities & Life by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 250,314 shares of the company’s stock valued at $9,524,000 after purchasing an additional 3,331 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of F&G Annuities & Life by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 201,582 shares of the company’s stock valued at $9,015,000 after purchasing an additional 10,584 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in shares of F&G Annuities & Life during the third quarter valued at approximately $6,369,000. 95.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Piper Sandler lifted their target price on shares of F&G Annuities & Life from $40.00 to $46.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Barclays lifted their target price on shares of F&G Annuities & Life from $44.00 to $46.00 and gave the company an “equal weight” rating in a report on Friday, November 8th.

F&G Annuities & Life Price Performance

FG stock opened at $42.39 on Friday. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of -706.38 and a beta of 1.47. 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 50 day moving average price of $44.35 and a 200-day moving average price of $42.47. F&G Annuities & Life, Inc. has a 52-week low of $34.90 and a 52-week high of $50.75.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.03. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate 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 last year, the firm earned $0.96 earnings per share. Equities research analysts forecast that F&G Annuities & Life, Inc. will post 4.43 EPS for the current fiscal year.

F&G Annuities & Life Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.88 annualized dividend and a dividend yield of 2.08%. 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 -1,466.67%.

F&G Annuities & Life Company Profile

F&G Annuities & Life, Inc provides fixed annuities and life insurance products in the United States. The company portfolio includes fixed indexed annuities, multi-year guarantee annuities, and pension risk transfer solution, as well as indexed universal life insurance, institutional funding agreements, and index-linked annuities.