Invesco Ltd. Sells 3,959 Shares of F&G Annuities & Life, Inc. (NYSE:FG)

Invesco Ltd. lowered its position in F&G Annuities & Life, Inc. (NYSE:FG) by 9.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,032 shares of the company’s stock after selling 3,959 shares during the period. Invesco Ltd.’s holdings in F&G Annuities & Life were worth $1,576,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Federated Hermes Inc. grew its holdings in F&G Annuities & Life by 476.6% during the fourth quarter. Federated Hermes Inc. now owns 888 shares of the company’s stock valued at $37,000 after purchasing an additional 734 shares during the period. Blue Trust Inc. grew its holdings in F&G Annuities & Life by 59.6% during the fourth quarter. Blue Trust Inc. now owns 902 shares of the company’s stock valued at $40,000 after purchasing an additional 337 shares during the period. AlphaQuest LLC grew its holdings in F&G Annuities & Life by 314,200.0% during the fourth quarter. AlphaQuest LLC now owns 3,143 shares of the company’s stock valued at $130,000 after purchasing an additional 3,142 shares during the period. KLP Kapitalforvaltning AS bought a new stake in F&G Annuities & Life during the fourth quarter valued at about $141,000. Finally, US Bancorp DE grew its holdings in F&G Annuities & Life by 910.8% during the fourth quarter. US Bancorp DE now owns 3,932 shares of the company’s stock valued at $163,000 after purchasing an additional 3,543 shares during the period. Institutional investors own 95.86% of the company’s stock.

F&G Annuities & Life Price Performance

Shares of F&G Annuities & Life stock opened at $34.76 on Thursday. The stock’s 50-day simple moving average is $37.34 and its 200-day simple moving average is $41.75. F&G Annuities & Life, Inc. has a 52 week low of $31.26 and a 52 week high of $50.75. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 7.17 and a beta of 1.83. 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 (NYSE:FG) last announced its quarterly earnings data on Thursday, February 20th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.13). The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations 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, 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 announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend was Monday, March 17th. F&G Annuities & Life’s dividend payout ratio (DPR) is presently 18.14%.

Analyst Ratings Changes

Several analysts have issued reports on FG shares. Barclays cut their price target on F&G Annuities & Life from $47.00 to $41.00 and set an “equal weight” rating for the company 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 other F&G Annuities & Life 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 purchased at an average cost 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 in the company, valued at $3,712,236,964.80. This trade represents a 4.25 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael L. Gravelle bought 7,000 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The stock was acquired at an average cost of $36.00 per share, with a total value of $252,000.00. Following the completion of the acquisition, the executive vice president now owns 33,540 shares of the company’s stock, valued at $1,207,440. This represents a 26.38 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 4,530,000 shares of company stock valued at $152,273,820. 1.80% of the stock is owned by corporate insiders.

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.