KLP Kapitalforvaltning AS Buys Shares of 3,400 F&G Annuities & Life, Inc. (NYSE:FG)

KLP Kapitalforvaltning AS purchased a new stake in F&G Annuities & Life, Inc. (NYSE:FG) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 3,400 shares of the company’s stock, valued at approximately $141,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp boosted its stake in F&G Annuities & Life by 1.2% during the third quarter. State Street Corp now owns 413,210 shares of the company’s stock worth $18,479,000 after buying an additional 4,910 shares during the period. Geode Capital Management LLC boosted its position in shares of F&G Annuities & Life by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 405,047 shares of the company’s stock worth $18,117,000 after purchasing an additional 3,453 shares during the period. Bank of New York Mellon Corp increased its holdings in F&G Annuities & Life by 8.7% in the 4th quarter. Bank of New York Mellon Corp now owns 256,267 shares of the company’s stock valued at $10,620,000 after purchasing an additional 20,559 shares during the last quarter. American Century Companies Inc. raised its position in F&G Annuities & Life by 31.5% in the fourth quarter. American Century Companies Inc. now owns 233,900 shares of the company’s stock valued at $9,693,000 after purchasing an additional 56,073 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in F&G Annuities & Life by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 201,582 shares of the company’s stock worth $9,015,000 after purchasing an additional 10,584 shares in the last quarter. Institutional investors and hedge funds own 95.86% of the company’s stock.

Insider Activity at F&G Annuities & Life

In other F&G Annuities & Life news, major shareholder National Financial I. Fidelity acquired 4,500,000 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were acquired at an average cost of $33.60 per share, for a total transaction of $151,200,000.00. Following the transaction, the insider now directly owns 110,483,243 shares of the company’s stock, valued at approximately $3,712,236,964.80. This represents a 4.25 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Christopher O. Blunt purchased 10,000 shares of F&G Annuities & Life stock in a transaction on Tuesday, March 25th. The stock was acquired at an average cost of $35.65 per share, for a total transaction of $356,500.00. Following the acquisition, the chief executive officer now directly owns 839,584 shares of the company’s stock, valued at approximately $29,931,169.60. This represents a 1.21 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 4,530,000 shares of company stock worth $152,273,820 over the last three months. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FG. Barclays lifted their price objective on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Stephens restated an “equal weight” rating and issued a $47.00 price target on shares of F&G Annuities & Life in a research note on Monday, February 24th.

F&G Annuities & Life Price Performance

Shares of NYSE:FG opened at $36.60 on Thursday. The company’s fifty day moving average price is $40.52 and its 200 day moving average price is $42.63. The firm has a market capitalization of $4.64 billion, a P/E ratio of 7.55 and a beta of 1.83. F&G Annuities & Life, Inc. has a 12 month low of $31.26 and a 12 month 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.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings data on Thursday, February 20th. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.13). The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.34 billion. F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. As a group, sell-side analysts predict that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend was Monday, March 17th. F&G Annuities & Life’s dividend payout ratio (DPR) is 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.