Zacks Investment Management Acquires 2,188 Shares of F&G Annuities & Life, Inc. (NYSE:FG)

Zacks Investment Management lifted its holdings in F&G Annuities & Life, Inc. (NYSE:FG) by 23.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,344 shares of the company’s stock after acquiring an additional 2,188 shares during the period. Zacks Investment Management’s holdings in F&G Annuities & Life were worth $470,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its position in F&G Annuities & Life by 476.6% during the fourth quarter. Federated Hermes Inc. now owns 888 shares of the company’s stock valued at $37,000 after purchasing an additional 734 shares during the period. Blue Trust Inc. raised its holdings in F&G Annuities & Life by 59.6% during the 4th quarter. Blue Trust Inc. now owns 902 shares of the company’s stock valued at $40,000 after buying an additional 337 shares during the period. AlphaQuest LLC lifted its position in F&G Annuities & Life by 314,200.0% in the fourth quarter. AlphaQuest LLC now owns 3,143 shares of the company’s stock worth $130,000 after buying an additional 3,142 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in F&G Annuities & Life during the fourth quarter worth $141,000. Finally, US Bancorp DE increased its position in F&G Annuities & Life by 910.8% during the fourth quarter. US Bancorp DE now owns 3,932 shares of the company’s stock valued at $163,000 after acquiring an additional 3,543 shares during the last quarter. Hedge funds and other institutional investors own 95.86% of the company’s stock.

Insider Transactions at F&G Annuities & Life

In related news, major shareholder National Financial I. Fidelity bought 4,500,000 shares of the stock in a transaction on Monday, March 24th. The stock was bought at an average price of $33.60 per share, for a total transaction of $151,200,000.00. Following the completion of the acquisition, the insider now directly owns 110,483,243 shares in the company, valued at approximately $3,712,236,964.80. This represents a 4.25 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Christopher O. Blunt purchased 10,000 shares of the business’s stock in a transaction dated Thursday, March 27th. The stock was bought at an average price of $35.96 per share, for a total transaction of $359,600.00. Following the completion of the acquisition, the chief executive officer now directly owns 849,584 shares in the company, valued at approximately $30,551,040.64. This trade represents a 1.19 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 4,530,000 shares of company stock valued at $152,273,820. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Barclays lowered their target price on shares of F&G Annuities & Life from $47.00 to $41.00 and set an “equal weight” rating for the company in a report on Friday, April 11th. Stephens restated an “equal weight” rating and set a $47.00 target price on shares of F&G Annuities & Life in a research report on Monday, February 24th.

F&G Annuities & Life Trading Up 0.9 %

NYSE FG opened at $34.76 on Friday. The stock has a market cap of $4.41 billion, a PE ratio of 7.17 and a beta of 1.83. F&G Annuities & Life, Inc. has a 12 month low of $31.26 and a 12 month high of $50.75. The company’s 50-day moving average price is $39.02 and its 200-day moving average price is $42.19. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.46.

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

F&G Annuities & Life Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Monday, March 17th. F&G Annuities & Life’s dividend payout ratio is 18.14%.

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.