Raymond James Financial Inc. Takes Position in F&G Annuities & Life, Inc. (NYSE:FG)

Raymond James Financial Inc. bought a new stake in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 14,581 shares of the company's stock, valued at approximately $604,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. grew its position in 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 period. Rhumbline Advisers boosted its stake in shares of F&G Annuities & Life by 1.6% during the 4th quarter. Rhumbline Advisers now owns 29,633 shares of the company's stock worth $1,228,000 after acquiring an additional 469 shares during the last quarter. Capital Advisors Wealth Management LLC grew its position in shares of F&G Annuities & Life by 5.0% during the 4th quarter. Capital Advisors Wealth Management LLC now owns 20,319 shares of the company's stock valued at $842,000 after acquiring an additional 964 shares during the period. Iron Horse Wealth Management LLC increased its stake in shares of F&G Annuities & Life by 32.1% in the 4th quarter. Iron Horse Wealth Management LLC now owns 4,275 shares of the company's stock worth $177,000 after purchasing an additional 1,040 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in F&G Annuities & Life by 45.6% in the 4th quarter. SG Americas Securities LLC now owns 5,516 shares of the company's stock worth $229,000 after purchasing an additional 1,728 shares during the period. 95.86% of the stock is owned by institutional investors.

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Insiders Place Their Bets

In other news, CEO Christopher O. Blunt acquired 10,000 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was purchased at an average price of $35.96 per share, for a total transaction of $359,600.00. Following the completion of the transaction, the chief executive officer now directly owns 849,584 shares in the company, valued at approximately $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, Director Celina J. Wang Doka bought 3,000 shares of F&G Annuities & Life stock in a transaction dated Tuesday, March 25th. The stock was purchased at an average cost of $35.24 per share, for a total transaction of $105,720.00. Following the completion of the acquisition, the director now directly owns 20,875 shares of the company's stock, valued at approximately $735,635. The trade was a 16.78 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 4,530,000 shares of company stock worth $152,273,820 in the last three months. 1.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

FG has been the subject of several recent research reports. Barclays cut their price target on F&G Annuities & Life from $47.00 to $41.00 and set an "equal weight" rating for the company in a report on Friday. Stephens reaffirmed an "equal weight" rating and set a $47.00 price objective on shares of F&G Annuities & Life in a research report on Monday, February 24th.

F&G Annuities & Life Price Performance

Shares of FG traded down $0.31 during trading hours on Friday, reaching $33.48. 430,142 shares of the stock traded hands, compared to its average volume of 122,513. The company has a market cap of $4.24 billion, a P/E ratio of 6.90 and a beta of 1.83. 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 company's 50-day moving average price is $40.11 and its two-hundred day moving average price is $42.51. F&G Annuities & Life, Inc. has a 52-week low of $31.26 and a 52-week high of $50.75.

F&G Annuities & Life (NYSE:FG - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $1.34 billion. F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. On average, analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current year.

F&G Annuities & Life Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.88 dividend on an annualized basis and a yield of 2.63%. F&G Annuities & Life's dividend payout ratio is presently 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.