F&G Annuities & Life, Inc. (NYSE:FG) Holdings Decreased by Northern Trust Corp

Northern Trust Corp reduced its stake in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 210,510 shares of the company’s stock after selling 7,685 shares during the quarter. Northern Trust Corp owned about 0.17% of F&G Annuities & Life worth $8,724,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Blue Trust Inc. raised its stake in shares of 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 in the last quarter. Rhumbline Advisers raised its stake in shares of 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 in the last quarter. Federated Hermes Inc. raised its stake in shares of 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 in the last quarter. Iron Horse Wealth Management LLC raised its stake in shares of F&G Annuities & Life by 32.1% during the fourth quarter. Iron Horse Wealth Management LLC now owns 4,275 shares of the company’s stock valued at $177,000 after purchasing an additional 1,040 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of F&G Annuities & Life by 17.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,236 shares of the company’s stock valued at $300,000 after purchasing an additional 1,087 shares in the last quarter. 95.86% of the stock is currently owned by institutional investors.

F&G Annuities & Life Price Performance

Shares of F&G Annuities & Life stock opened at $31.97 on Monday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.46. The company’s 50-day moving average price is $35.37 and its two-hundred day moving average price is $40.93. F&G Annuities & Life, Inc. has a 52 week low of $30.10 and a 52 week high of $50.75. The stock has a market cap of $4.31 billion, a PE ratio of 6.59 and a beta of 1.84.

F&G Annuities & Life (NYSE:FG) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.72 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.46 billion. As a group, sell-side analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.22 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.88 dividend on an annualized basis and a yield of 2.75%. F&G Annuities & Life’s dividend payout ratio is currently 23.34%.

Insider Buying and Selling

In related news, major shareholder National Financial I. Fidelity purchased 4,500,000 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were purchased at an average price of $33.60 per share, with a total value of $151,200,000.00. Following the purchase, the insider now owns 110,483,243 shares of the company’s stock, valued at $3,712,236,964.80. This trade represents a 4.25% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Michael L. Gravelle purchased 7,000 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The stock was bought at an average cost of $36.00 per share, for a total transaction of $252,000.00. Following the purchase, the executive vice president now directly owns 33,540 shares in the company, valued at $1,207,440. This represents a 26.38% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 4,575,000 shares of company stock valued at $153,673,720. 2.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.