F&G Annuities & Life Attracts Increased Institutional Interest Amid Mixed Analyst Ratings

American Century Companies Inc. increased its shareholding in F&G Annuities & Life, Inc. by 23.4% during the second quarter, acquiring an additional 69,242 shares and bringing its total to 365,343 shares valued at approximately $11.68 million. The company, which specializes in fixed annuity and life insurance products, continues to attract institutional investors, with 95.86% of its stock owned by such entities. Other notable investment firms, including Voya Investment Management LLC, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd., Belpointe Asset Management LLC, Iron Horse Wealth Management LLC, and US Bancorp DE, have also adjusted their positions in F&G during recent quarters, signaling active institutional interest. Equity analysts have presented mixed valuations for F&G shares. Barclays lowered its price target to $35.00 with an "equal weight" rating, while Zacks Research upgraded the stock to "strong-buy." Piper Sandler set a target price at $33.00, and Weiss Ratings reaffirmed a "hold (c+)" rating. Wall Street Zen raised the rating from "hold" to "buy." These evaluations suggest cautious optimism about F&G's near-term performance, with an average analyst price target near $38.33. Insider transactions indicate confidence from senior leadership: CEO Christopher O. Blunt recently purchased 5,000 shares at an average price of $29.88, increasing his stake by 0.44%. Conversely, EVP Leena Punjabi sold 3,000 shares, decreasing her holdings slightly. Currently, corporate insiders hold 2.10% of the company's stock. Financially, F&G reported a quarterly revenue of $496 million and earnings per share of $1.45 as of its October 3rd earnings report. The company maintains a price-to-earnings ratio of 9.73 and a beta of 1.45, indicating moderate volatility relative to the market. Its balance sheet reveals a current ratio and quick ratio of 0.27 each and a debt-to-equity ratio of 0.45, reflecting its liquidity and leverage status. For income-focused investors, F&G recently increased its quarterly dividend by 13.6% to $0.25 per share, translating to an annualized yield of 3.0% with a payout ratio of 25.81%. The dividend ex-date is set for December 17th, with payment scheduled for December 31st. Based in Des Moines, Iowa, and founded in 1959, F&G Annuities & Life provides life insurance, annuities, retirement planning, and wealth transfer services. Its strategic positioning and institutional investor interest underscore its relevance in the life insurance and annuity market segments within the U.S. industry landscape.