American International Group Inc. boosted its stake in F&G Annuities & Life, Inc. (NYSE:FG – Free Report) by 4,882.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,019 shares of the company’s stock after purchasing an additional 8,838 shares during the quarter. American International Group Inc.’s holdings in F&G Annuities & Life were worth $223,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of FG. Simplicity Solutions LLC acquired a new position in shares of F&G Annuities & Life during the second quarter valued at about $270,000. Arthur M. Cohen & Associates LLC grew its holdings in shares of F&G Annuities & Life by 17.6% during the second quarter. Arthur M. Cohen & Associates LLC now owns 12,000 shares of the company’s stock valued at $297,000 after buying an additional 1,800 shares during the last quarter. Mizuho Markets Americas LLC grew its holdings in shares of F&G Annuities & Life by 281.8% during the first quarter. Mizuho Markets Americas LLC now owns 75,000 shares of the company’s stock valued at $2,454,000 after buying an additional 55,357 shares during the last quarter. Dark Forest Capital Management LP grew its holdings in shares of F&G Annuities & Life by 7,647.2% during the first quarter. Dark Forest Capital Management LP now owns 15,417 shares of the company’s stock valued at $279,000 after buying an additional 15,218 shares during the last quarter. Finally, Royce & Associates LP acquired a new position in shares of F&G Annuities & Life during the first quarter valued at about $185,000. 96.46% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, CEO Christopher O. Blunt acquired 5,000 shares of the stock in a transaction on Tuesday, October 3rd. The shares were acquired at an average price of $26.38 per share, with a total value of $131,900.00. Following the completion of the transaction, the chief executive officer now owns 434,695 shares in the company, valued at approximately $11,467,254.10. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.
F&G Annuities & Life Stock Up 2.1 %
F&G Annuities & Life Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.21 dividend. This is a positive change from F&G Annuities & Life’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.84 annualized dividend and a yield of 2.03%. F&G Annuities & Life’s payout ratio is currently 74.34%.
Wall Street Analysts Forecast Growth
Separately, Stephens reiterated an “equal weight” rating and set a $19.00 price objective on shares of F&G Annuities & Life in a report on Wednesday, August 9th.
F&G Annuities & Life Company Profile
F&G Annuities & Life, Inc provides fixed annuities and life insurance products in the United States. It serves retail annuity and life customers, as well as institutional clients. The company portfolio includes fixed indexed annuities, multi-year guarantee annuities, and pension risk transfer solution, as well as indexed universal life insurance and institutional funding agreements.
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