Kennedy Capital Management LLC Sells 30,097 Shares of F&G Annuities & Life, Inc. (NYSE:FG)

Kennedy Capital Management LLC reduced its stake in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 12.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 215,544 shares of the company's stock after selling 30,097 shares during the period. Kennedy Capital Management LLC owned approximately 0.17% of F&G Annuities & Life worth $8,932,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Federated Hermes Inc. boosted its stake in shares of F&G Annuities & Life by 476.6% in the 4th quarter. Federated Hermes Inc. now owns 888 shares of the company's stock valued at $37,000 after purchasing an additional 734 shares in the last quarter. Blue Trust Inc. grew its stake in shares of F&G Annuities & Life by 59.6% during the fourth quarter. Blue Trust Inc. now owns 902 shares of the company's stock valued at $40,000 after buying an additional 337 shares during the last quarter. AlphaQuest LLC increased its holdings in shares of F&G Annuities & Life by 314,200.0% in the fourth quarter. AlphaQuest LLC now owns 3,143 shares of the company's stock worth $130,000 after buying an additional 3,142 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of F&G Annuities & Life in the 4th quarter valued at about $141,000. Finally, US Bancorp DE grew its position in F&G Annuities & Life by 910.8% during the 4th quarter. US Bancorp DE now owns 3,932 shares of the company's stock worth $163,000 after acquiring an additional 3,543 shares during the last quarter. Institutional investors own 95.86% of the company's stock.

F&G Annuities & Life Trading Up 0.6 %

Shares of FG stock traded up $0.20 during trading hours on Tuesday, reaching $34.37. The company's stock had a trading volume of 426,862 shares, compared to its average volume of 124,658. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $4.36 billion, a P/E ratio of 7.09 and a beta of 1.83. The firm's fifty day simple moving average is $39.90 and its 200 day simple moving average is $42.43. F&G Annuities & Life, Inc. has a one year low of $31.26 and a one year high of $50.75.

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F&G Annuities & Life (NYSE:FG - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $1.12 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $1.34 billion. Equities research analysts expect that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.

F&G Annuities & Life Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.22 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.88 annualized dividend and a yield of 2.56%. F&G Annuities & Life's dividend payout ratio (DPR) is presently 18.14%.

Insiders Place Their Bets

In other F&G Annuities & Life news, major shareholder National Financial I. Fidelity purchased 4,500,000 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was bought at an average cost of $33.60 per share, with a total value of $151,200,000.00. Following the transaction, the insider now directly owns 110,483,243 shares in the company, valued at approximately $3,712,236,964.80. The trade was a 4.25 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Celina J. Wang Doka purchased 3,000 shares of the stock in a transaction dated Tuesday, March 25th. The stock was bought at an average cost of $35.24 per share, with a total value of $105,720.00. Following the transaction, the director now owns 20,875 shares in the company, 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. Insiders purchased 4,530,000 shares of company stock worth $152,273,820 over the last three months. Company insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on FG shares. Barclays lowered their price objective on F&G Annuities & Life from $47.00 to $41.00 and set an "equal weight" rating for the company in a research report on Friday. Stephens reissued an "equal weight" rating and issued 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.