Intech Investment Management LLC Acquires New Stake in F&G Annuities & Life, Inc. (NYSE:FG)

Intech Investment Management LLC bought a new position in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 7,536 shares of the company's stock, valued at approximately $312,000.

Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of 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 acquiring an additional 17,845 shares in the last quarter. Barclays PLC lifted its holdings in F&G Annuities & Life by 527.8% in the 3rd quarter. Barclays PLC now owns 42,524 shares of the company's stock worth $1,902,000 after purchasing an additional 35,750 shares in the last quarter. Principal Financial Group Inc. boosted its stake in F&G Annuities & Life by 23.1% in the 3rd quarter. Principal Financial Group Inc. now owns 120,336 shares of the company's stock worth $5,381,000 after purchasing an additional 22,550 shares during the period. Point72 Asset Management L.P. bought a new position in F&G Annuities & Life in the 3rd quarter worth approximately $521,000. Finally, Kelly Financial Group LLC purchased a new stake in F&G Annuities & Life during the 4th 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 several research analyst reports. Barclays boosted their target price 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. Stephens reiterated 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.

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Insider Activity

In related news, CEO Christopher O. Blunt bought 10,000 shares of the business's stock in a transaction dated Tuesday, March 25th. The shares were purchased at an average price of $35.65 per share, with a total value of $356,500.00. Following the transaction, the chief executive officer now owns 839,584 shares in the company, valued at $29,931,169.60. This trade represents a 1.21 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Celina J. Wang Doka purchased 3,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was bought at an average price of $35.24 per share, with a total value of $105,720.00. Following the completion of the transaction, the director now owns 20,875 shares of the company's stock, valued at $735,635. The trade was a 16.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 23,000 shares of company stock worth $821,820. 1.80% of the stock is currently owned by corporate insiders.

F&G Annuities & Life Price Performance

NYSE:FG traded down $0.81 during trading hours on Friday, reaching $35.18. The stock had a trading volume of 584,215 shares, compared to its average volume of 100,286. The stock has a market capitalization of $4.46 billion, a PE ratio of 7.25 and a beta of 1.72. 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 50 day moving average price of $42.30 and a two-hundred day moving average price of $43.06. 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 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). The business 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, sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Monday, March 17th. F&G Annuities & Life's dividend payout ratio is 18.14%.

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.