Moors & Cabot Inc. Has $1.83 Million Position in F&G Annuities & Life, Inc. $FG

Moors & Cabot Inc. increased its holdings in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 67.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,348 shares of the company’s stock after acquiring an additional 23,058 shares during the quarter. Moors & Cabot Inc.’s holdings in F&G Annuities & Life were worth $1,834,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fidelity National Financial Inc. grew its holdings in F&G Annuities & Life by 4.2% in the 1st quarter. Fidelity National Financial Inc. now owns 110,942,551 shares of the company’s stock valued at $3,999,479,000 after buying an additional 4,500,000 shares in the last quarter. Wellington Management Group LLP acquired a new position in F&G Annuities & Life in the 1st quarter valued at $1,527,000. American Century Companies Inc. lifted its position in shares of F&G Annuities & Life by 26.6% during the 1st quarter. American Century Companies Inc. now owns 296,101 shares of the company’s stock valued at $10,674,000 after acquiring an additional 62,201 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of F&G Annuities & Life by 12.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 227,072 shares of the company’s stock worth $8,186,000 after purchasing an additional 25,570 shares in the last quarter. Finally, Seven Grand Managers LLC acquired a new stake in shares of F&G Annuities & Life during the 1st quarter worth $9,012,000. 95.86% of the stock is owned by institutional investors and hedge funds.

F&G Annuities & Life Price Performance

Shares of FG stock opened at $29.95 on Thursday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.49. F&G Annuities & Life, Inc. has a twelve month low of $28.70 and a twelve month high of $50.75. The company has a market cap of $4.03 billion, a P/E ratio of 12.08 and a beta of 1.48. The business has a fifty day simple moving average of $31.61 and a 200 day simple moving average of $32.30.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings data on Tuesday, October 3rd. The company reported $1.45 earnings per share for the quarter. F&G Annuities & Life had a return on equity of 11.51% and a net margin of 6.45%.The business had revenue of $496.00 million during the quarter. On average, sell-side analysts forecast that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FG. Weiss Ratings reissued a “hold (c+)” rating on shares of F&G Annuities & Life in a report on Tuesday, October 14th. Barclays reduced their target price on F&G Annuities & Life from $40.00 to $35.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 8th. Piper Sandler set a $33.00 target price on F&G Annuities & Life in a report on Tuesday, October 7th. Wall Street Zen raised F&G Annuities & Life from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Finally, Zacks Research raised F&G Annuities & Life from a “strong sell” rating to a “hold” rating in a report on Monday, September 1st. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $38.33.

Insider Buying and Selling at F&G Annuities & Life

In related news, EVP Leena Punjabi sold 3,000 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $33.81, for a total transaction of $101,430.00. Following the completion of the sale, the executive vice president directly owned 64,064 shares in the company, valued at $2,166,003.84. This represents a 4.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is currently owned by corporate insiders.

F&G Annuities & Life Profile

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.