Price T Rowe Associates Inc. MD Raises Stock Position in F&G Annuities & Life, Inc. (NYSE:FG)

Price T Rowe Associates Inc. MD boosted its holdings in F&G Annuities & Life, Inc. (NYSE:FG) by 17.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,236 shares of the company’s stock after purchasing an additional 1,087 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in F&G Annuities & Life were worth $300,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Federated Hermes Inc. grew its stake in F&G Annuities & Life by 476.6% in the 4th quarter. Federated Hermes Inc. now owns 888 shares of the company’s stock valued at $37,000 after acquiring an additional 734 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of F&G Annuities & Life by 59.6% during the 4th quarter. Blue Trust Inc. now owns 902 shares of the company’s stock worth $40,000 after acquiring an additional 337 shares during the period. AlphaQuest LLC lifted 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 acquiring an additional 3,142 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of F&G Annuities & Life during the 4th quarter worth about $141,000. Finally, US Bancorp DE lifted 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 buying an additional 3,543 shares in 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, CEO Christopher O. Blunt purchased 15,000 shares of the business’s stock in a transaction dated Thursday, May 15th. The shares were bought at an average price of $30.78 per share, with a total value of $461,700.00. Following the purchase, the chief executive officer now directly owns 889,964 shares in the company, valued at $27,393,091.92. This trade represents a 1.71% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Celina J. Wang Doka acquired 3,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was purchased at an average price of $35.24 per share, with a total value of $105,720.00. Following the transaction, the director now owns 20,875 shares in the company, valued at $735,635. This represents a 16.78% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 4,570,000 shares of company stock valued at $153,513,170 in the last three months. 2.10% of the stock is owned by corporate insiders.

F&G Annuities & Life Stock Performance

Shares of NYSE FG opened at $31.07 on Friday. The stock has a fifty day moving average price of $35.54 and a two-hundred day moving average price of $41.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.25 and a current ratio of 0.25. The firm has a market cap of $4.19 billion, a P/E ratio of 6.41 and a beta of 1.84. F&G Annuities & Life, Inc. has a 1 year low of $30.10 and a 1 year high of $50.75.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.47). F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $1.46 billion. Research analysts forecast that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.22 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.88 annualized dividend and a dividend yield of 2.83%. F&G Annuities & Life’s dividend payout ratio is currently 23.34%.

Analysts Set New Price Targets

A number of research analysts have weighed in on FG shares. Stephens reaffirmed an “equal weight” rating and set a $47.00 price target on shares of F&G Annuities & Life in a research report on Monday, February 24th. Barclays reduced their target price on F&G Annuities & Life from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, May 8th.

About F&G Annuities & Life

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.