Insider Buying: F&G Annuities & Life, Inc. (NYSE:FG) Major Shareholder Acquires $151,200,000.00 in Stock

F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report) major shareholder National Financial I. Fidelity bought 4,500,000 shares of the stock in a transaction dated Monday, March 24th. The shares were acquired at an average price of $33.60 per share, with a total value of $151,200,000.00. Following the completion of the purchase, the insider now directly owns 110,483,243 shares of the company's stock, 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 this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

F&G Annuities & Life Stock Performance

Shares of NYSE FG traded down $1.43 during trading on Friday, reaching $33.91. The stock had a trading volume of 598,748 shares, compared to its average volume of 111,883. 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 stock has a market cap of $4.30 billion, a PE ratio of 6.99 and a beta of 1.83. F&G Annuities & Life, Inc. has a one year low of $32.70 and a one year high of $50.75. The firm's 50 day moving average price is $41.71 and its two-hundred day moving average price is $42.92.

F&G Annuities & Life (NYSE:FG - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $1.12 EPS for the quarter, missing analysts' consensus estimates of $1.25 by ($0.13). The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.34 billion. F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. On average, research analysts forecast that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current fiscal year.

F&G Annuities & Life Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a dividend of $0.22 per share. The ex-dividend date was Monday, March 17th. This represents a $0.88 annualized dividend and a yield of 2.60%. F&G Annuities & Life's dividend payout ratio (DPR) is 18.14%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FG shares. Stephens reissued 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 raised their price objective on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th.

Hedge Funds Weigh In On F&G Annuities & Life

A number of hedge funds and other institutional investors have recently bought and sold shares of FG. Federated Hermes Inc. raised its position in shares of F&G Annuities & Life by 476.6% during the 4th quarter. Federated Hermes Inc. now owns 888 shares of the company's stock worth $37,000 after purchasing an additional 734 shares during the period. Blue Trust Inc. increased its position in F&G Annuities & Life by 59.6% in the fourth quarter. Blue Trust Inc. now owns 902 shares of the company's stock worth $40,000 after buying an additional 337 shares during the period. BNP Paribas Financial Markets acquired a new stake in F&G Annuities & Life in the fourth quarter worth $114,000. AlphaQuest LLC lifted its stake 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 valued at $130,000 after buying an additional 3,142 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of F&G Annuities & Life during the fourth quarter valued at $141,000. 95.86% of the stock is currently owned by institutional investors and hedge funds.

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.