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

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

F&G Annuities & Life Price Performance

Shares of NYSE:FG opened at $36.86 on Thursday. The company has a market cap of $4.67 billion, a P/E ratio of 7.60 and a beta of 1.72. The business has a fifty day simple moving average of $41.87 and a 200-day simple moving average of $42.98. F&G Annuities & Life, Inc. has a 52 week low of $34.08 and a 52 week high of $50.75. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.46.

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

F&G Annuities & Life Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.39%. The ex-dividend date was Monday, March 17th. F&G Annuities & Life’s dividend payout ratio (DPR) is 18.14%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on FG shares. Barclays increased their price objective on 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. Stephens reiterated an “equal weight” rating and set a $47.00 price target on shares of F&G Annuities & Life in a report on Monday, February 24th.

Hedge Funds Weigh In On F&G Annuities & Life

Hedge funds have recently made changes to their positions in the stock. Federated Hermes Inc. raised its position in shares of F&G Annuities & Life by 476.6% in the 4th quarter. Federated Hermes Inc. now owns 888 shares of the company’s stock worth $37,000 after buying an additional 734 shares during the period. Blue Trust Inc. increased its stake in F&G Annuities & Life by 59.6% during the fourth quarter. Blue Trust Inc. now owns 902 shares of the company’s stock worth $40,000 after acquiring an additional 337 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of F&G Annuities & Life in the 4th quarter worth about $114,000. Ameriflex Group Inc. acquired a new position in shares of F&G Annuities & Life in the 4th quarter valued at about $144,000. Finally, AlphaQuest LLC grew its holdings in shares of F&G Annuities & Life by 314,200.0% during the 4th quarter. AlphaQuest LLC now owns 3,143 shares of the company’s stock worth $130,000 after purchasing an additional 3,142 shares during the period. Institutional investors and hedge funds own 95.86% of the company’s stock.

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.