Arthur M. Cohen & Associates LLC Has $1.47 Million Stake in F&G Annuities & Life, Inc. (NYSE:FG)

Arthur M. Cohen & Associates LLC raised its holdings in F&G Annuities & Life, Inc. (NYSE:FG) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,815 shares of the company’s stock after acquiring an additional 725 shares during the quarter. Arthur M. Cohen & Associates LLC’s holdings in F&G Annuities & Life were worth $1,468,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Blue Trust Inc. lifted 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. Iron Horse Wealth Management LLC boosted its holdings in F&G Annuities & Life by 723.4% during the second quarter. Iron Horse Wealth Management LLC now owns 2,923 shares of the company’s stock worth $111,000 after buying an additional 2,568 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of F&G Annuities & Life during the 3rd quarter worth about $169,000. Convergence Investment Partners LLC bought a new stake in shares of F&G Annuities & Life in the 2nd quarter valued at about $205,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of F&G Annuities & Life in the 2nd quarter valued at approximately $215,000. Institutional investors and hedge funds own 95.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FG. Barclays lowered their target price on shares of F&G Annuities & Life from $45.00 to $44.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 8th. 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 report on Wednesday, October 2nd.

F&G Annuities & Life Trading Up 0.2 %

NYSE FG opened at $40.47 on Tuesday. F&G Annuities & Life, Inc. has a 52 week low of $31.61 and a 52 week high of $48.71. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The stock’s 50 day moving average price is $42.50 and its two-hundred day moving average price is $40.83. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 16.38 and a beta of 1.32.

F&G Annuities & Life (NYSE:FG) last released its earnings results on Monday, August 5th. The company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.12. F&G Annuities & Life had a net margin of 6.25% and a return on equity of 13.94%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.36 billion. As a group, analysts anticipate that F&G Annuities & Life, Inc. will post 4.32 earnings per share for the current fiscal year.

F&G Annuities & Life 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.