National Financial I. Fidelity Buys 4,500,000 Shares of F&G Annuities & Life, Inc. (NYSE:FG) Stock

F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report) major shareholder National Financial I. Fidelity acquired 4,500,000 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were bought at an average cost of $33.60 per share, for a total transaction of $151,200,000.00. Following the completion of the transaction, the insider now directly owns 110,483,243 shares of the company's stock, valued at $3,712,236,964.80. This represents a 4.25 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

F&G Annuities & Life Stock Performance

NYSE:FG traded down $1.54 during midday trading on Thursday, reaching $35.26. The stock had a trading volume of 768,815 shares, compared to its average volume of 109,804. The stock has a market capitalization of $4.47 billion, a P/E ratio of 7.27 and a beta of 1.72. F&G Annuities & Life, Inc. has a 1-year low of $34.08 and a 1-year high of $50.75. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.25 and a quick ratio of 0.25. The firm's fifty day simple moving average is $41.87 and its 200-day simple moving average is $42.98.

F&G Annuities & Life (NYSE:FG - Get Free Report) last issued its quarterly 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 company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.34 billion. On average, equities research analysts forecast that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

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F&G Annuities & Life Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date was Monday, March 17th. F&G Annuities & Life's dividend payout ratio (DPR) is presently 18.14%.

Hedge Funds Weigh In On F&G Annuities & Life

Several large investors have recently added to or reduced their stakes in FG. Castlekeep Investment Advisors LLC bought a new stake in F&G Annuities & Life in the fourth quarter valued at about $72,007,000. Norges Bank acquired a new position in shares of F&G Annuities & Life in the 4th quarter worth approximately $14,321,000. Hotchkis & Wiley Capital Management LLC bought a new position in shares of F&G Annuities & Life during the 3rd quarter worth approximately $6,369,000. Fisher Funds Management LTD acquired a new stake in F&G Annuities & Life in the 4th quarter valued at $5,421,000. Finally, Kelly Financial Group LLC bought a new stake in F&G Annuities & Life in the fourth quarter valued at $4,144,000. Institutional investors and hedge funds own 95.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on FG shares. Barclays lifted their price target on F&G Annuities & Life from $46.00 to $47.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. Stephens restated 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.

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.