Castlekeep Investment Advisors LLC Invests $72.01 Million in F&G Annuities & Life, Inc. (NYSE:FG)

Castlekeep Investment Advisors LLC acquired a new position in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,737,621 shares of the company's stock, valued at approximately $72,007,000. Castlekeep Investment Advisors LLC owned about 1.38% of F&G Annuities & Life as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in FG. Bank of America Corp DE boosted its holdings in shares of F&G Annuities & Life by 36.3% in the 4th quarter. Bank of America Corp DE now owns 22,828 shares of the company's stock valued at $946,000 after purchasing an additional 6,080 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in F&G Annuities & Life in the fourth quarter valued at $114,000. Ancora Advisors LLC grew its position in F&G Annuities & Life by 1.5% during the fourth quarter. Ancora Advisors LLC now owns 247,287 shares of the company's stock valued at $10,248,000 after acquiring an additional 3,634 shares during the period. Price T Rowe Associates Inc. MD increased its stake in 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 worth $300,000 after acquiring an additional 1,087 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of F&G Annuities & Life by 11.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 413,202 shares of the company's stock worth $17,123,000 after purchasing an additional 42,081 shares during the period. Hedge funds and other institutional investors own 95.86% of the company's stock.

Insider Transactions at F&G Annuities & Life

In related news, CEO Christopher O. Blunt purchased 10,000 shares of the firm's stock in a transaction dated Tuesday, March 25th. The stock was acquired at an average price of $35.65 per share, with a total value of $356,500.00. Following the completion of the transaction, the chief executive officer now owns 839,584 shares of the company's stock, valued at $29,931,169.60. This represents a 1.21 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder National Financial I. Fidelity purchased 4,500,000 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was bought at an average cost of $33.60 per share, for a total transaction of $151,200,000.00. Following the completion of the acquisition, the insider now directly owns 110,483,243 shares of the company's stock, valued at $3,712,236,964.80. This represents a 4.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 4,540,000 shares of company stock valued at $152,581,820. 1.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on FG. Stephens reissued an "equal weight" rating and set a $47.00 target price on shares of F&G Annuities & Life in a research report on Monday, February 24th. Barclays dropped their price objective on shares of F&G Annuities & Life from $41.00 to $40.00 and set an "equal weight" rating for the company in a research report on Thursday.

F&G Annuities & Life Stock Down 1.4 %

Shares of NYSE:FG traded down $0.43 during mid-day trading on Friday, hitting $30.29. 410,886 shares of the company traded hands, compared to its average volume of 137,480. The firm's 50 day simple moving average is $36.30 and its 200 day simple moving average is $41.29. The firm has a market cap of $4.08 billion, a P/E ratio of 6.25 and a beta of 1.84. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.25 and a current ratio of 0.25. 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 - Get Free Report) last posted its 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 firm 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 14.14% and a net margin of 11.12%. On average, equities analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.

F&G Annuities & Life Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.22 per share. The ex-dividend date is Monday, June 16th. This represents a $0.88 annualized dividend and a dividend yield of 2.91%. F&G Annuities & Life's dividend payout ratio is presently 23.34%.

About F&G Annuities & Life

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.