F&G Annuities & Life Sees Increased Institutional Investment and Strong Earnings
Ghisallo Capital Management LLC has initiated a significant investment in F&G Annuities & Life, Inc., acquiring 155,000 shares valued at approximately $5.59 million in the first quarter, according to SEC filings. This move reflects growing institutional interest, with other investors like Castlekeep Investment Advisors LLC, Fidelity National Financial Inc., and American Century Companies Inc. also adjusting their holdings. Notably, Fidelity National Financial increased its stake by 4.2%, now holding over 110 million shares worth nearly $4 billion. Institutional investors collectively hold 95.86% of F&G Annuities & Life's stock, underscoring the company's appeal within professional investment circles.
Analyst sentiment on F&G Annuities & Life remains cautiously optimistic. Barclays recently raised its target price from $37.00 to $40.00, maintaining an "equal weight" rating, while Wall Street Zen upgraded the stock to a "buy" rating. Overall, the average analyst recommendation is "hold" with a target price averaging $44.33. These ratings indicate moderate confidence in the company's financial performance and market position.
From a financial standpoint, F&G Annuities & Life reported robust second-quarter earnings, surpassing expectations with $0.77 earnings per share against a consensus of $0.64, and revenue of $2.74 billion, substantially higher than forecasted. The company's return on equity stood at 11.51%, accompanied by a net margin of 6.45%. Its current financial ratios include a quick ratio and current ratio of 0.26, along with a debt-to-equity ratio of 0.49, reflecting its balance sheet health and leverage.
F&G Annuities & Life declared a quarterly dividend of $0.22 per share, payable on September 30, with a dividend yield of 2.6% and a payout ratio of 35.48%. The consistency of dividend payments highlights the company’s commitment to returning value to shareholders. The stock has traded within a 52-week range of $30.01 to $50.75, with a market capitalization of $4.63 billion and a price-to-earnings ratio of 13.88.
The company specializes in fixed annuities and life insurance products, including retirement planning and wealth transfer solutions. Established in 1959 and headquartered in Des Moines, Iowa, F&G Annuities & Life operates within a competitive sector shaped by regulatory compliance and evolving market demands. Institutional trading activity and analyst evaluations suggest ongoing market engagement and interest in the company’s strategic growth trajectory.