F&G Annuities & Life, Inc. (NYSE:FG) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 16.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,056 shares of the company’s stock after buying an additional 7,076 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in F&G Annuities & Life were worth $2,074,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FG. Barclays PLC grew its stake in 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 period. Blue Trust Inc. boosted its position in shares of F&G Annuities & Life by 59.6% during the 4th quarter. Blue Trust Inc. now owns 902 shares of the company’s stock valued at $40,000 after acquiring an additional 337 shares during the last quarter. Rhumbline Advisers grew its stake in shares of F&G Annuities & Life by 1.6% in the 4th quarter. Rhumbline Advisers now owns 29,633 shares of the company’s stock valued at $1,228,000 after buying an additional 469 shares during the period. Principal Financial Group Inc. grew its position in F&G Annuities & Life by 4.4% in the fourth quarter. Principal Financial Group Inc. now owns 125,582 shares of the company’s stock worth $5,205,000 after acquiring an additional 5,246 shares during the period. Finally, Fisher Funds Management LTD purchased a new stake in F&G Annuities & Life in the 4th quarter valued at about $5,421,000. 95.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at F&G Annuities & Life

In related news, Director Celina J. Wang Doka purchased 3,000 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were acquired at an average cost of $35.24 per share, for a total transaction of $105,720.00. Following the transaction, the director now owns 20,875 shares of the company’s stock, valued at $735,635. This trade represents a 16.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Christopher O. Blunt purchased 5,000 shares of the stock in a transaction dated Friday, May 16th. The shares were purchased at an average price of $32.11 per share, with a total value of $160,550.00. Following the transaction, the chief executive officer now directly owns 894,964 shares of the company’s stock, valued at approximately $28,737,294.04. The trade was a 0.56% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 4,575,000 shares of company stock valued at $153,673,720. Insiders own 2.10% of the company’s stock.

F&G Annuities & Life Trading Up 1.0%

FG stock opened at $33.28 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.46. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 6.86 and a beta of 1.84. The business has a fifty day simple moving average of $33.58 and a 200-day simple moving average of $39.64. F&G Annuities & Life, Inc. has a 52 week low of $30.10 and a 52 week high of $50.75.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.47). The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $1.46 billion. F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. On average, equities research analysts expect that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.

F&G Annuities & Life Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.64%. The ex-dividend date is Monday, June 16th. F&G Annuities & Life’s dividend payout ratio is currently 23.34%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Barclays cut 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 note on Thursday, May 8th. Stephens reaffirmed an “equal weight” rating and set a $47.00 price target on shares of F&G Annuities & Life in a report on Monday, February 24th.

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.