Point72 Asia Singapore Pte. Ltd. Sells 7,805 Shares of F&G Annuities & Life, Inc. (NYSE:FG)

Point72 Asia Singapore Pte. Ltd. lowered its position in F&G Annuities & Life, Inc. (NYSE:FG) by 91.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 706 shares of the company’s stock after selling 7,805 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in F&G Annuities & Life were worth $29,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in FG. Castlekeep Investment Advisors LLC bought a new position in F&G Annuities & Life during the 4th quarter worth about $72,007,000. Dimensional Fund Advisors LP increased its holdings in F&G Annuities & Life by 11.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 413,202 shares of the company’s stock worth $17,123,000 after purchasing an additional 42,081 shares in the last quarter. Norges Bank bought a new position in F&G Annuities & Life during the 4th quarter worth about $14,321,000. Bank of New York Mellon Corp increased its holdings in F&G Annuities & Life by 8.7% during the 4th quarter. Bank of New York Mellon Corp now owns 256,267 shares of the company’s stock worth $10,620,000 after purchasing an additional 20,559 shares in the last quarter. Finally, Ancora Advisors LLC increased its holdings in F&G Annuities & Life by 1.5% during the 4th quarter. Ancora Advisors LLC now owns 247,287 shares of the company’s stock worth $10,248,000 after purchasing an additional 3,634 shares in the last quarter. Institutional investors own 95.86% of the company’s stock.

Insider Transactions at F&G Annuities & Life

In other news, major shareholder National Financial I. Fidelity bought 4,500,000 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was acquired at an average cost of $33.60 per share, for a total transaction of $151,200,000.00. Following the purchase, 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 document filed with the SEC, which is accessible through this link. Also, CEO Christopher O. Blunt bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 16th. The stock was purchased at an average price of $32.11 per share, with a total value of $160,550.00. Following the completion of the purchase, the chief executive officer now directly owns 894,964 shares in the company, valued at $28,737,294.04. The trade was a 0.56% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 4,575,000 shares of company stock worth $153,673,720 in the last three months. Insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Barclays lowered their target price on F&G Annuities & Life from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, May 8th. Stephens reiterated an “equal weight” rating and set a $47.00 target price on shares of F&G Annuities & Life in a report on Monday, February 24th.

F&G Annuities & Life Trading Up 1.2%

F&G Annuities & Life stock opened at $32.38 on Tuesday. The firm has a 50-day moving average of $35.20 and a 200-day moving average of $40.88. F&G Annuities & Life, Inc. has a one year low of $30.10 and a one year high of $50.75. 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 cap of $4.36 billion, a price-to-earnings ratio of 6.68 and a beta of 1.84.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.47). F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $1.46 billion. On average, equities analysts expect 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.72%. F&G Annuities & Life’s dividend payout ratio is 23.34%.

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.