1,737,621 Shares in F&G Annuities & Life, Inc. (NYSE:FG) Acquired by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC acquired a new position in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of F&G Annuities & Life by 63.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 45,952 shares of the company's stock worth $2,055,000 after buying an additional 17,845 shares in the last quarter. Barclays PLC lifted its holdings in shares of F&G Annuities & Life by 527.8% in the third quarter. Barclays PLC now owns 42,524 shares of the company's stock valued at $1,902,000 after purchasing an additional 35,750 shares in the last quarter. Kelly Financial Group LLC acquired a new stake in shares of F&G Annuities & Life in the fourth quarter valued at approximately $4,144,000. Principal Financial Group Inc. increased its stake in shares of F&G Annuities & Life by 4.4% during the 4th quarter. Principal Financial Group Inc. now owns 125,582 shares of the company's stock worth $5,205,000 after purchasing an additional 5,246 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of F&G Annuities & Life by 1.6% during the 4th quarter. Rhumbline Advisers now owns 29,633 shares of the company's stock worth $1,228,000 after purchasing an additional 469 shares during the last quarter. 95.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at F&G Annuities & Life

In other news, EVP Michael L. Gravelle purchased 7,000 shares of the stock in a transaction on Thursday, March 27th. The stock was purchased at an average price of $36.00 per share, with a total value of $252,000.00. Following the completion of the transaction, the executive vice president now owns 33,540 shares in the company, valued at approximately $1,207,440. The trade was a 26.38 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher O. Blunt acquired 10,000 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was purchased at an average price of $35.96 per share, for a total transaction of $359,600.00. Following the completion of the acquisition, the chief executive officer now owns 849,584 shares in the company, valued at approximately $30,551,040.64. This trade represents a 1.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 4,530,000 shares of company stock worth $152,273,820. 1.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Barclays lowered their target price on F&G Annuities & Life from $47.00 to $41.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Stephens reiterated an "equal weight" rating and set a $47.00 price objective on shares of F&G Annuities & Life in a research report on Monday, February 24th.

F&G Annuities & Life Stock Up 1.7 %

FG stock opened at $35.83 on Monday. The company has a 50 day moving average price of $37.12 and a two-hundred day moving average price of $41.60. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a market capitalization of $4.83 billion, a P/E ratio of 7.39 and a beta of 1.84. F&G Annuities & Life, Inc. has a one year low of $31.26 and a one year high of $50.75.

F&G Annuities & Life (NYSE:FG - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.13). F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.34 billion. As a group, sell-side 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 announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.22 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.88 annualized dividend and a dividend yield of 2.46%. F&G Annuities & Life's dividend payout ratio is presently 18.14%.

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.

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