Dimensional Fund Advisors LP Buys 42,081 Shares of F&G Annuities & Life, Inc. (NYSE:FG)

Dimensional Fund Advisors LP raised its stake in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 11.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 413,202 shares of the company's stock after acquiring an additional 42,081 shares during the period. Dimensional Fund Advisors LP owned approximately 0.33% of F&G Annuities & Life worth $17,123,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of FG. Zacks Investment Management grew its holdings in shares of F&G Annuities & Life by 23.9% in the fourth quarter. Zacks Investment Management now owns 11,344 shares of the company's stock valued at $470,000 after purchasing an additional 2,188 shares in the last quarter. Barclays PLC lifted its position in F&G Annuities & Life by 7.8% during the fourth quarter. Barclays PLC now owns 45,846 shares of the company's stock valued at $1,899,000 after purchasing an additional 3,322 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of F&G Annuities & Life in the 4th quarter worth $604,000. Renaissance Technologies LLC increased its holdings in shares of F&G Annuities & Life by 4.3% in the 4th quarter. Renaissance Technologies LLC now owns 50,500 shares of the company's stock worth $2,093,000 after buying an additional 2,100 shares during the last quarter. Finally, Federated Hermes Inc. raised its position in shares of F&G Annuities & Life by 476.6% during the 4th quarter. Federated Hermes Inc. now owns 888 shares of the company's stock valued at $37,000 after buying an additional 734 shares in the last quarter. Hedge funds and other institutional investors own 95.86% of the company's stock.

F&G Annuities & Life Stock Performance

F&G Annuities & Life stock opened at $35.83 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.25 and a quick ratio of 0.25. The firm 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 1-year low of $31.26 and a 1-year high of $50.75. The company's 50-day moving average is $36.74 and its 200 day moving average is $41.46.

F&G Annuities & Life (NYSE:FG - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $1.46 billion. F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. Research analysts forecast 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 declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Monday, March 17th. F&G Annuities & Life's dividend payout ratio is presently 18.14%.

Insider Activity at F&G Annuities & Life

In other F&G Annuities & Life news, major shareholder National Financial I. Fidelity purchased 4,500,000 shares of the stock in a transaction dated Monday, March 24th. The stock was purchased at an average price of $33.60 per share, with a total value of $151,200,000.00. Following the transaction, the insider now owns 110,483,243 shares of the company's stock, valued at approximately $3,712,236,964.80. This trade represents a 4.25 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Celina J. Wang Doka acquired 3,000 shares of the business's stock in a transaction that occurred on 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 completion of the acquisition, 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 disclosure for this purchase can be found here. Insiders purchased 4,530,000 shares of company stock worth $152,273,820 in the last 90 days. 1.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

FG has been the subject of several recent research reports. 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 target price on F&G Annuities & Life from $47.00 to $41.00 and set an "equal weight" rating for the company in a report on Friday, April 11th.

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.

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