GAMMA Investing LLC Has $439,000 Stock Position in F&G Annuities & Life, Inc. (NYSE:FG)

GAMMA Investing LLC grew its position in F&G Annuities & Life, Inc. (NYSE:FG) by 4,236.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,185 shares of the company’s stock after buying an additional 11,904 shares during the period. GAMMA Investing LLC’s holdings in F&G Annuities & Life were worth $439,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of F&G Annuities & Life by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,583 shares of the company’s stock worth $439,000 after buying an additional 386 shares during the last quarter. Rhumbline Advisers lifted its position in shares of F&G Annuities & Life by 1.6% in the fourth 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 last quarter. Federated Hermes Inc. raised its holdings in F&G Annuities & Life by 476.6% in the 4th quarter. Federated Hermes Inc. now owns 888 shares of the company’s stock valued at $37,000 after acquiring an additional 734 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in F&G Annuities & Life by 17.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,236 shares of the company’s stock valued at $300,000 after acquiring an additional 1,087 shares during the period. Finally, Nuveen Asset Management LLC raised its holdings in F&G Annuities & Life by 1.0% in the 4th quarter. Nuveen Asset Management LLC now owns 195,726 shares of the company’s stock valued at $8,111,000 after acquiring an additional 2,000 shares during the period. Institutional investors and hedge funds own 95.86% of the company’s stock.

F&G Annuities & Life Stock Performance

Shares of F&G Annuities & Life stock opened at $31.60 on Friday. F&G Annuities & Life, Inc. has a fifty-two week low of $30.10 and a fifty-two week high of $50.75. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market capitalization of $4.26 billion, a P/E ratio of 8.38 and a beta of 1.61. The company’s 50 day moving average price is $32.98 and its two-hundred day moving average price is $38.69.

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 analysts’ consensus estimates of $1.19 by ($0.47). The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $1.46 billion. F&G Annuities & Life had a return on equity of 12.89% and a net margin of 9.90%. On average, equities analysts forecast 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 company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.88 annualized dividend and a yield of 2.78%. F&G Annuities & Life’s payout ratio is 23.34%.

Wall Street Analyst Weigh In

FG has been the topic of several recent research reports. Stephens reaffirmed an “equal weight” rating and set a $47.00 target price on shares of F&G Annuities & Life in a report on Monday, February 24th. Barclays decreased their price objective 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.

Insider Activity at F&G Annuities & Life

In related news, EVP Michael L. Gravelle purchased 7,000 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was purchased at an average cost of $36.00 per share, with a total value of $252,000.00. Following the completion of the purchase, the executive vice president now owns 33,540 shares in the company, valued at approximately $1,207,440. This trade represents a 26.38% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder National Financial I. Fidelity purchased 4,500,000 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was bought at an average cost of $33.60 per share, with a total value of $151,200,000.00. Following the completion of the purchase, the insider now 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 position. The disclosure for this purchase can be found here. Insiders have bought a total of 4,575,000 shares of company stock worth $153,673,720 over the last quarter. Company insiders own 2.10% of the company’s stock.

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.