F&G Annuities & Life, Inc. (NYSE:FG) Major Shareholder National Financial I. Fidelity Purchases 4,500,000 Shares of 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 stock was purchased at an average cost of $33.60 per share, for a total transaction of $151,200,000.00. Following the acquisition, the insider now directly owns 110,483,243 shares of the company’s stock, valued at $3,712,236,964.80. The trade was a 4.25 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

F&G Annuities & Life Stock Up 2.2 %

FG opened at $35.99 on Tuesday. The firm has a market cap of $4.56 billion, a P/E ratio of 7.42 and a beta of 1.72. The business’s fifty day simple moving average is $42.14 and its 200 day simple moving average is $43.06. 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 released its 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). The firm had revenue of $1.56 billion during 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%. As a group, equities research analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.22 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.88 annualized dividend and a yield of 2.45%. F&G Annuities & Life’s payout ratio is currently 18.14%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FG. JPMorgan Chase & Co. increased its stake in F&G Annuities & Life by 63.5% in the third quarter. JPMorgan Chase & Co. now owns 45,952 shares of the company’s stock valued at $2,055,000 after purchasing an additional 17,845 shares during the last quarter. Barclays PLC increased its stake in shares of F&G Annuities & Life by 527.8% during the 3rd quarter. Barclays PLC now owns 42,524 shares of the company’s stock valued at $1,902,000 after acquiring an additional 35,750 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of F&G Annuities & Life by 23.1% during the 3rd quarter. Principal Financial Group Inc. now owns 120,336 shares of the company’s stock worth $5,381,000 after acquiring an additional 22,550 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of F&G Annuities & Life in the third quarter worth approximately $521,000. Finally, Kelly Financial Group LLC purchased a new stake in F&G Annuities & Life in the fourth quarter valued at approximately $4,144,000. Hedge funds and other institutional investors own 95.86% of the company’s stock.

Analysts Set New Price Targets

FG has been the topic of a number of research reports. Stephens reissued an “equal weight” rating and issued a $47.00 price objective on shares of F&G Annuities & Life in a research note on Monday, February 24th. Barclays increased their price target on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th.

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.