Iron Horse Wealth Management LLC Buys 1,040 Shares of F&G Annuities & Life, Inc. (NYSE:FG)

Iron Horse Wealth Management LLC increased its stake in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 32.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,275 shares of the company’s stock after acquiring an additional 1,040 shares during the quarter. Iron Horse Wealth Management LLC’s holdings in F&G Annuities & Life were worth $177,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of FG. AQR Capital Management LLC acquired a new stake in F&G Annuities & Life in the second quarter valued at approximately $350,000. The Manufacturers Life Insurance Company lifted its holdings in shares of F&G Annuities & Life by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,088 shares of the company’s stock worth $574,000 after purchasing an additional 272 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of F&G Annuities & Life in the 3rd quarter worth $169,000. Blue Trust Inc. grew its position in F&G Annuities & Life by 1,386.8% in the 3rd quarter. Blue Trust Inc. now owns 565 shares of the company’s stock valued at $25,000 after purchasing an additional 527 shares during the period. Finally, Cannon Global Investment Management LLC bought a new stake in F&G Annuities & Life during the 3rd quarter valued at $362,000. 95.86% of the stock is currently owned by institutional investors and hedge funds.

F&G Annuities & Life Stock Performance

Shares of FG opened at $44.11 on Friday. The firm has a market capitalization of $5.56 billion, a P/E ratio of -735.06 and a beta of 1.65. F&G Annuities & Life, Inc. has a 52 week low of $34.90 and a 52 week high of $50.75. The stock has a 50 day moving average price of $43.50 and a two-hundred day moving average price of $43.02. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.25 and a current ratio of 0.25.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.03. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.18 billion. F&G Annuities & Life had a return on equity of 13.05% and a net margin of 0.22%. During the same quarter in the prior year, the company posted $0.96 earnings per share. Equities analysts forecast that F&G Annuities & Life, Inc. will post 4.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Barclays raised their price objective on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th.

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.