Cannon Global Investment Management LLC Takes $362,000 Position in F&G Annuities & Life, Inc. (NYSE:FG)

Cannon Global Investment Management LLC acquired a new stake in F&G Annuities & Life, Inc. (NYSE:FG) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 8,100 shares of the company’s stock, valued at approximately $362,000.

Other hedge funds also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System raised its stake in shares of F&G Annuities & Life by 258.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 19,270 shares of the company’s stock valued at $781,000 after buying an additional 13,890 shares in the last quarter. Vanguard Group Inc. increased its position in shares of F&G Annuities & Life by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 1,878,492 shares of the company’s stock worth $76,173,000 after purchasing an additional 21,253 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of F&G Annuities & Life during the 1st quarter worth about $510,000. Denali Advisors LLC increased its position in shares of F&G Annuities & Life by 14,687.8% during the 2nd quarter. Denali Advisors LLC now owns 17,006 shares of the company’s stock worth $647,000 after purchasing an additional 16,891 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of F&G Annuities & Life by 25.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 322,714 shares of the company’s stock worth $12,282,000 after purchasing an additional 64,669 shares in the last quarter. Institutional investors and hedge funds own 95.86% of the company’s stock.

Analysts Set New Price Targets

FG has been the subject of a number of recent analyst reports. Barclays dropped 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 report on Tuesday, October 8th. Piper Sandler increased their target price on shares of 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.

F&G Annuities & Life Trading Up 0.7 %

Shares of NYSE FG traded up $0.27 during mid-day trading on Friday, hitting $40.37. The company’s stock had a trading volume of 61,274 shares, compared to its average volume of 48,542. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 16.34 and a beta of 1.32. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. F&G Annuities & Life, Inc. has a one year low of $30.99 and a one year high of $48.71. The company’s fifty day simple moving average is $42.50 and its 200-day simple moving average is $40.76.

F&G Annuities & Life (NYSE:FG) last released its quarterly earnings data on Monday, August 5th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.36 billion. On average, sell-side analysts anticipate that F&G Annuities & Life, Inc. will post 4.32 earnings per share for the current fiscal year.

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.