JPMorgan Chase & Co. Has $3.50 Million Stock Holdings in F&G Annuities & Life, Inc. (NYSE:FG)

JPMorgan Chase & Co. grew its holdings in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 83.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 84,528 shares of the company's stock after purchasing an additional 38,576 shares during the quarter. JPMorgan Chase & Co. owned about 0.07% of F&G Annuities & Life worth $3,503,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted 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 purchasing an additional 337 shares during the period. AlphaQuest LLC lifted its holdings in shares of F&G Annuities & Life by 314,200.0% during the 4th quarter. AlphaQuest LLC now owns 3,143 shares of the company's stock worth $130,000 after acquiring an additional 3,142 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of F&G Annuities & Life during the 4th quarter worth about $141,000. US Bancorp DE boosted its position in shares of F&G Annuities & Life by 910.8% during the 4th quarter. US Bancorp DE now owns 3,932 shares of the company's stock valued at $163,000 after acquiring an additional 3,543 shares in the last quarter. Finally, Iron Horse Wealth Management LLC increased its stake in F&G Annuities & Life by 32.1% in the fourth quarter. Iron Horse Wealth Management LLC now owns 4,275 shares of the company's stock valued at $177,000 after acquiring an additional 1,040 shares during the period. 95.86% of the stock is owned by institutional investors.

F&G Annuities & Life Trading Down 0.8 %

Shares of NYSE FG traded down $0.28 during mid-day trading on Friday, hitting $35.05. The company's stock had a trading volume of 137,731 shares, compared to its average volume of 129,371. F&G Annuities & Life, Inc. has a one year low of $31.26 and a one year high of $50.75. The company's fifty day simple moving average is $37.81 and its 200-day simple moving average is $41.91. 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 stock has a market cap of $4.44 billion, a price-to-earnings ratio of 7.23 and a beta of 1.83.

F&G Annuities & Life (NYSE:FG - Get Free Report) last announced 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 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 analyst estimates of $1.34 billion. On average, 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 business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.22 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.51%. F&G Annuities & Life's dividend payout ratio (DPR) is presently 18.14%.

Insider Buying and Selling at F&G Annuities & Life

In other news, CEO Christopher O. Blunt bought 10,000 shares of the business's stock in a transaction on Thursday, March 27th. The shares were purchased at an average price of $35.96 per share, for a total transaction of $359,600.00. Following the purchase, the chief executive officer now owns 849,584 shares of the company's stock, valued at approximately $30,551,040.64. The trade was a 1.19 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael L. Gravelle purchased 7,000 shares of the firm's stock in a transaction dated Thursday, March 27th. The shares were acquired at an average cost of $36.00 per share, with a total value of $252,000.00. Following the completion of the purchase, the executive vice president now directly owns 33,540 shares in the company, valued at approximately $1,207,440. This represents a 26.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 4,530,000 shares of company stock valued at $152,273,820. Company insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FG shares. Barclays decreased their price objective 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, April 11th. Stephens reaffirmed 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.

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.