F&G Annuities & Life Sees Mixed Institutional Moves and Analyst Upgrades

Brave Warrior Advisors LLC slightly reduced its holding in F&G Annuities & Life, Inc. during the second quarter, selling approximately 66,398 shares and decreasing its stake by 1.3%. Following this transaction, the fund held over 5.2 million shares, representing about 3.8% of its portfolio and roughly 3.88% ownership in F&G Annuities & Life, valued at $167 million. Other institutional investors have also adjusted their positions recently, including new stakes and increased holdings by entities such as Quarry LP, Ameritas Investment Partners Inc., Cubist Systematic Strategies LLC, and CWM LLC. The majority of the company’s stock is held by hedge funds and institutional investors, accounting for 95.86% ownership. In insider activity, F&G’s CEO increased his ownership by acquiring 5,000 shares, while the executive vice president sold 3,000 shares, representing minor adjustments in their respective stakes. Analyst sentiment toward F&G is mixed but generally positive, with an average rating of "Moderate Buy" and price targets averaging $38.33 per share. Recent analyst actions include price target adjustments by Barclays and rating upgrades by Wall Street Zen and Zacks Research. At the close of trading, F&G’s share price stood at $34.44, supported by a market capitalization of $4.64 billion, a P/E ratio of 10.10, and a beta of 1.45. The company reported $1.45 earnings per share in its most recent quarter on revenues of $496 million, with profitability metrics including a net margin of 8.4% and return on equity of 11.41%. Projected earnings per share for the current year are estimated at 5.54. F&G also announced a quarterly dividend increase to $0.25 per share, representing a 2.9% yield with a payout ratio of 29.33%. F&G Annuities & Life specializes in fixed annuities and life insurance products, targeting retirement planning and wealth transfer, and is headquartered in Des Moines, Iowa. This financial activity and analyst coverage highlight ongoing institutional interest and strategic insider movements within the company, relevant for stakeholders monitoring investment positioning and market valuation in the annuities and life insurance sector.