F&G Annuities & Life, Inc. (NYSE:FG) Major Shareholder Buys $151,200,000.00 in Stock

F&G Annuities & Life, Inc. (NYSE:FG) major shareholder National Financial I. Fidelity acquired 4,500,000 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were bought at an average price of $33.60 per share, with a total value of $151,200,000.00. Following the completion of the purchase, the insider now owns 110,483,243 shares in the company, valued at $3,712,236,964.80. This trade represents a 4.25 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

F&G Annuities & Life Trading Up 2.1 %

FG stock opened at $36.81 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.25 and a quick ratio of 0.25. F&G Annuities & Life, Inc. has a 1-year low of $34.08 and a 1-year high of $50.75. The business has a 50 day simple moving average of $42.00 and a two-hundred day simple moving average of $43.02. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 7.59 and a beta of 1.72.

F&G Annuities & Life (NYSE:FG) last posted its earnings results on Thursday, February 20th. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.13). The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.34 billion. F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. Research analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.22 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.39%. F&G Annuities & Life’s dividend payout ratio is currently 18.14%.

Wall Street Analyst Weigh In

FG has been the subject of a number of recent analyst reports. Stephens reiterated an “equal weight” rating and issued a $47.00 price target on shares of F&G Annuities & Life in a research report on Monday, February 24th. Barclays upped their target price on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th.

Hedge Funds Weigh In On F&G Annuities & Life

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC bought a new position in F&G Annuities & Life during the fourth quarter valued at $72,007,000. Norges Bank purchased a new position in F&G Annuities & Life in the fourth quarter worth about $14,321,000. Hotchkis & Wiley Capital Management LLC bought a new stake in F&G Annuities & Life during the third quarter worth approximately $6,369,000. Fisher Funds Management LTD purchased a new stake in F&G Annuities & Life during the fourth quarter valued at approximately $5,421,000. Finally, Kelly Financial Group LLC bought a new stake in shares of F&G Annuities & Life in the 4th quarter valued at approximately $4,144,000. 95.86% of the stock is owned by institutional investors.

F&G Annuities & Life Company 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.