Norges Bank Makes New $14.32 Million Investment in F&G Annuities & Life, Inc. (NYSE:FG)

Norges Bank acquired a new position in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 345,584 shares of the company's stock, valued at approximately $14,321,000. Norges Bank owned 0.27% of F&G Annuities & Life as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. grew its stake 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 valued at $40,000 after acquiring an additional 337 shares during the period. AlphaQuest LLC boosted its position in shares of 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 purchasing an additional 3,142 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of F&G Annuities & Life in the fourth quarter worth approximately $141,000. US Bancorp DE increased its stake in shares of F&G Annuities & Life by 910.8% in the fourth quarter. US Bancorp DE now owns 3,932 shares of the company's stock worth $163,000 after purchasing an additional 3,543 shares in the last quarter. Finally, Iron Horse Wealth Management LLC raised its position in shares of F&G Annuities & Life by 32.1% during the 4th quarter. Iron Horse Wealth Management LLC now owns 4,275 shares of the company's stock valued at $177,000 after purchasing an additional 1,040 shares during the period. Hedge funds and other institutional investors own 95.86% of the company's stock.

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F&G Annuities & Life Price Performance

Shares of NYSE:FG traded down $0.31 during mid-day trading on Friday, reaching $33.48. The stock had a trading volume of 430,142 shares, compared to its average volume of 122,513. The business's 50 day moving average price is $40.11 and its 200 day moving average price is $42.51. F&G Annuities & Life, Inc. has a 1 year low of $31.26 and a 1 year high of $50.75. The company has a market cap of $4.24 billion, a P/E ratio of 6.90 and a beta of 1.83. 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 - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $1.12 earnings per share for the quarter, missing analysts' consensus estimates of $1.25 by ($0.13). F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. The business had revenue of $1.56 billion during the quarter, compared to analysts' expectations of $1.34 billion. Research analysts expect that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Monday, March 17th. F&G Annuities & Life's payout ratio is 18.14%.

Analyst Upgrades and Downgrades

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

Insider Transactions at F&G Annuities & Life

In other F&G Annuities & Life news, major shareholder National Financial I. Fidelity purchased 4,500,000 shares of F&G Annuities & Life stock in a transaction dated Monday, March 24th. The shares were purchased at an average cost of $33.60 per share, for a total transaction of $151,200,000.00. Following the completion of the acquisition, the insider now owns 110,483,243 shares in the company, valued at $3,712,236,964.80. This represents a 4.25 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Michael L. Gravelle acquired 7,000 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were acquired at an average price of $36.00 per share, with a total value of $252,000.00. Following the acquisition, the executive vice president now owns 33,540 shares in the company, valued at $1,207,440. This trade represents a 26.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 4,530,000 shares of company stock worth $152,273,820. 1.80% of the stock is currently owned by company insiders.

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.