Geode Capital Management LLC Has $16.45 Million Stock Position in F&G Annuities & Life, Inc. (NYSE:FG)

Geode Capital Management LLC cut its holdings in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 396,906 shares of the company’s stock after selling 8,141 shares during the period. Geode Capital Management LLC owned 0.31% of F&G Annuities & Life worth $16,452,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in F&G Annuities & Life by 63.5% in the third quarter. JPMorgan Chase & Co. now owns 45,952 shares of the company’s stock valued at $2,055,000 after buying an additional 17,845 shares during the period. Barclays PLC increased its stake in shares of F&G Annuities & Life by 527.8% in the 3rd quarter. Barclays PLC now owns 42,524 shares of the company’s stock valued at $1,902,000 after acquiring an additional 35,750 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of F&G Annuities & Life by 23.1% in the 3rd quarter. Principal Financial Group Inc. now owns 120,336 shares of the company’s stock valued at $5,381,000 after acquiring an additional 22,550 shares during the period. Kelly Financial Group LLC bought a new position in F&G Annuities & Life during the 4th quarter worth approximately $4,144,000. Finally, Rhumbline Advisers grew its holdings in F&G Annuities & Life by 1.6% during the fourth quarter. Rhumbline Advisers now owns 29,633 shares of the company’s stock valued at $1,228,000 after purchasing an additional 469 shares during the period. Institutional investors own 95.86% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on FG. Barclays cut their target price on shares of F&G Annuities & Life from $47.00 to $41.00 and set an “equal weight” rating on the stock in a report on Friday, April 11th. Stephens restated an “equal weight” rating and issued a $47.00 price objective on shares of F&G Annuities & Life in a research report on Monday, February 24th.

Insider Activity at F&G Annuities & Life

In related news, Director Celina J. Wang Doka bought 3,000 shares of the company’s stock in a transaction dated Tuesday, March 25th. The stock was purchased at an average price of $35.24 per share, with a total value of $105,720.00. Following the completion of the acquisition, the director now owns 20,875 shares of the company’s stock, valued at $735,635. The trade was a 16.78 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher O. Blunt bought 10,000 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was bought at an average price of $35.96 per share, for a total transaction of $359,600.00. Following the transaction, the chief executive officer now directly owns 849,584 shares of the company’s stock, valued at approximately $30,551,040.64. This represents a 1.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 4,530,000 shares of company stock worth $152,273,820. Corporate insiders own 1.80% of the company’s stock.

F&G Annuities & Life Price Performance

Shares of FG opened at $34.76 on Monday. The company has a 50 day moving average of $39.02 and a 200-day moving average of $42.19. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.46. F&G Annuities & Life, Inc. has a twelve month low of $31.26 and a twelve month high of $50.75. The stock has a market capitalization of $4.41 billion, a P/E ratio of 7.17 and a beta of 1.83.

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

F&G Annuities & Life Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.22 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.53%. F&G Annuities & Life’s payout ratio is presently 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.