Geode Capital Management LLC Has $16.45 Million Stock Holdings in F&G Annuities & Life, Inc. (NYSE:FG)

Geode Capital Management LLC reduced its holdings in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 2.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 396,906 shares of the company's stock after selling 8,141 shares during the quarter. Geode Capital Management LLC owned approximately 0.31% of F&G Annuities & Life worth $16,452,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp grew its stake in shares of F&G Annuities & Life by 1.2% in the third quarter. State Street Corp now owns 413,210 shares of the company's stock valued at $18,479,000 after buying an additional 4,910 shares in the last quarter. Norges Bank bought a new position in shares of F&G Annuities & Life in the 4th quarter valued at about $14,321,000. Bank of New York Mellon Corp increased its stake in shares of F&G Annuities & Life by 8.7% during the 4th quarter. Bank of New York Mellon Corp now owns 256,267 shares of the company's stock worth $10,620,000 after purchasing an additional 20,559 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of F&G Annuities & Life by 31.5% in the 4th quarter. American Century Companies Inc. now owns 233,900 shares of the company's stock valued at $9,693,000 after purchasing an additional 56,073 shares during the period. Finally, Fisher Funds Management LTD acquired a new stake in F&G Annuities & Life in the 4th quarter valued at about $5,421,000. Institutional investors own 95.86% of the company's stock.

Insider Buying and Selling at F&G Annuities & Life

In other news, CEO Christopher O. Blunt acquired 10,000 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was acquired at an average price of $35.96 per share, with a total value of $359,600.00. Following the completion of the transaction, the chief executive officer now directly owns 849,584 shares of the company's stock, valued at $30,551,040.64. This trade represents a 1.19 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder National Financial I. Fidelity bought 4,500,000 shares of the firm's 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 completion of the acquisition, the insider now owns 110,483,243 shares in the company, valued at approximately $3,712,236,964.80. This trade represents a 4.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 4,530,000 shares of company stock valued at $152,273,820 in the last quarter. Company insiders own 1.80% of the company's stock.

F&G Annuities & Life Stock Performance

FG traded up $0.42 on Wednesday, reaching $34.49. The company had a trading volume of 220,199 shares, compared to its average volume of 128,577. F&G Annuities & Life, Inc. has a fifty-two week low of $31.26 and a fifty-two week high of $50.75. The stock has a market cap of $4.37 billion, a P/E ratio of 7.11 and a beta of 1.83. The company's fifty day moving average is $38.52 and its 200 day moving average is $42.07. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.25 and a current ratio of 0.25.

F&G Annuities & Life (NYSE:FG - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.13). F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.34 billion. As a group, analysts predict 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. Shareholders of record on Monday, March 17th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend was Monday, March 17th. F&G Annuities & Life's dividend payout ratio (DPR) is 18.14%.

Wall Street Analyst Weigh In

FG has been the topic of a number of recent analyst reports. 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 research report on Friday, April 11th. Stephens restated an "equal weight" rating and issued a $47.00 price target on shares of F&G Annuities & Life in a research note 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.