Kennedy Capital Management LLC Lowers Stock Holdings in F&G Annuities & Life, Inc. (NYSE:FG)

Kennedy Capital Management LLC lowered its stake in F&G Annuities & Life, Inc. (NYSE:FG) by 12.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 215,544 shares of the company’s stock after selling 30,097 shares during the period. Kennedy Capital Management LLC’s holdings in F&G Annuities & Life were worth $8,932,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Federated Hermes Inc. grew its stake in shares of F&G Annuities & Life by 476.6% in the fourth quarter. Federated Hermes Inc. now owns 888 shares of the company’s stock worth $37,000 after acquiring an additional 734 shares during the last quarter. Blue Trust Inc. boosted its stake in 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 in the last quarter. AlphaQuest LLC increased its stake in F&G Annuities & Life by 314,200.0% during the 4th quarter. AlphaQuest LLC now owns 3,143 shares of the company’s stock valued at $130,000 after purchasing an additional 3,142 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in F&G Annuities & Life in the fourth quarter worth about $141,000. Finally, US Bancorp DE lifted 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 in the last quarter. Institutional investors own 95.86% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FG. Barclays boosted their price objective 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 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.

Insider Buying and Selling

In related news, major shareholder National Financial I. Fidelity purchased 4,500,000 shares of the business’s stock in a transaction on Monday, March 24th. The stock was acquired at an average price of $33.60 per share, with a total value of $151,200,000.00. Following the completion of the acquisition, the insider now owns 110,483,243 shares of the company’s stock, valued at approximately $3,712,236,964.80. This trade represents a 4.25 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Michael L. Gravelle acquired 7,000 shares of the firm’s stock in a transaction dated Thursday, March 27th. The stock was bought at an average cost of $36.00 per share, for a total transaction of $252,000.00. Following the purchase, the executive vice president now directly owns 33,540 shares of the company’s stock, valued at approximately $1,207,440. This trade represents a 26.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 4,530,000 shares of company stock valued at $152,273,820. 1.80% of the stock is owned by insiders.

F&G Annuities & Life Trading Down 7.3 %

Shares of FG stock opened at $33.76 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.46. F&G Annuities & Life, Inc. has a 12-month low of $31.26 and a 12-month high of $50.75. The stock has a market capitalization of $4.28 billion, a P/E ratio of 6.96 and a beta of 1.83. The firm’s 50 day moving average is $40.32 and its 200 day moving average is $42.57.

F&G Annuities & Life (NYSE:FG) last released its quarterly earnings results 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). The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.34 billion. F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. Research analysts expect 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. Stockholders of record on Monday, March 17th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend was Monday, March 17th. F&G Annuities & Life’s payout ratio is currently 18.14%.

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.