F&G Annuities & Life, Inc. (NYSE:FG) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its holdings in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,864,424 shares of the company's stock after selling 24,004 shares during the quarter. Vanguard Group Inc. owned 1.48% of F&G Annuities & Life worth $77,262,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Blue Trust Inc. lifted its stake in shares of F&G Annuities & Life by 59.6% in the 4th 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 grew its holdings in F&G Annuities & Life by 314,200.0% during the fourth quarter. AlphaQuest LLC now owns 3,143 shares of the company's stock valued at $130,000 after purchasing an additional 3,142 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in F&G Annuities & Life in the fourth quarter worth about $141,000. US Bancorp DE raised its stake in shares of F&G Annuities & Life by 910.8% in the fourth quarter. US Bancorp DE now owns 3,932 shares of the company's stock worth $163,000 after buying an additional 3,543 shares during the period. Finally, Iron Horse Wealth Management LLC lifted its position in shares of F&G Annuities & Life by 32.1% during the 4th quarter. Iron Horse Wealth Management LLC now owns 4,275 shares of the company's stock valued at $177,000 after buying an additional 1,040 shares in the last quarter. Institutional investors own 95.86% of the company's stock.

Insider Activity

In related news, EVP Michael L. Gravelle purchased 7,000 shares of the business's stock in a transaction dated Thursday, March 27th. The shares were acquired at an average cost of $36.00 per share, for a total transaction of $252,000.00. Following the acquisition, the executive vice president now owns 33,540 shares of the company's stock, valued at $1,207,440. The trade was a 26.38 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Celina J. Wang Doka purchased 3,000 shares of the stock in a transaction dated Tuesday, March 25th. The stock was purchased at an average price 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 in the company, valued at approximately $735,635. This represents a 16.78 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 4,530,000 shares of company stock valued at $152,273,820. 1.80% of the stock is currently owned by insiders.

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Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Stephens reiterated an "equal weight" rating and issued a $47.00 price target on shares of F&G Annuities & Life in a research report on Monday, February 24th. Barclays dropped 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 note on Friday, April 11th.

F&G Annuities & Life Price Performance

Shares of F&G Annuities & Life stock traded down $0.30 during trading on Wednesday, reaching $34.11. 10,705 shares of the stock traded hands, compared to its average volume of 124,465. 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 company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 7.03 and a beta of 1.83. F&G Annuities & Life, Inc. has a 52-week low of $31.26 and a 52-week high of $50.75. The business has a fifty day simple moving average of $39.71 and a two-hundred day simple moving average of $42.38.

F&G Annuities & Life (NYSE:FG - Get Free Report) last posted its 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 firm 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%. Sell-side 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 announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date was Monday, March 17th. F&G Annuities & Life's dividend payout ratio (DPR) is 18.14%.

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.