Brave Warrior Advisors LLC Has $223.79 Million Stake in F&G Annuities & Life, Inc. (NYSE:FG)

Brave Warrior Advisors LLC decreased its holdings in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,400,441 shares of the company's stock after selling 55,729 shares during the quarter. F&G Annuities & Life makes up 5.6% of Brave Warrior Advisors LLC's investment portfolio, making the stock its 10th biggest holding. Brave Warrior Advisors LLC owned approximately 4.28% of F&G Annuities & Life worth $223,794,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Federated Hermes Inc. boosted its position in F&G Annuities & Life by 476.6% during the fourth 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 last quarter. Blue Trust Inc. grew its stake in F&G Annuities & Life by 59.6% during the fourth quarter. Blue Trust Inc. now owns 902 shares of the company's stock worth $40,000 after purchasing an additional 337 shares during the period. BNP Paribas Financial Markets bought a new stake in F&G Annuities & Life in the fourth quarter worth approximately $114,000. AlphaQuest LLC lifted its stake in F&G Annuities & Life by 314,200.0% in the fourth quarter. AlphaQuest LLC now owns 3,143 shares of the company's stock valued at $130,000 after buying an additional 3,142 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in shares of F&G Annuities & Life during the 4th quarter worth approximately $141,000. 95.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FG has been the topic of several research reports. Barclays dropped 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 report on Thursday. Stephens reissued an "equal weight" rating and issued a $47.00 price objective on shares of F&G Annuities & Life in a research note on Monday, February 24th.

F&G Annuities & Life Stock Down 1.4 %

NYSE FG traded down $0.43 during trading hours on Friday, hitting $30.29. The company's stock had a trading volume of 410,886 shares, compared to its average volume of 137,479. The company has a market capitalization of $4.08 billion, a PE ratio of 6.25 and a beta of 1.84. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.46. F&G Annuities & Life, Inc. has a 52 week low of $30.10 and a 52 week high of $50.75. The company's 50-day simple moving average is $36.30 and its two-hundred day simple moving average is $41.30.

F&G Annuities & Life (NYSE:FG - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.72 earnings per share for the quarter, missing analysts' consensus estimates of $1.19 by ($0.47). F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $1.46 billion. Research analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 EPS 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. Stockholders of record on Monday, June 16th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.88 annualized dividend and a dividend yield of 2.91%. F&G Annuities & Life's payout ratio is 23.34%.

Insider Activity

In other F&G Annuities & Life news, Director Celina J. Wang Doka bought 3,000 shares of the stock in a transaction dated Tuesday, March 25th. The shares were bought at an average cost of $35.24 per share, for a total transaction of $105,720.00. Following the purchase, the director now directly owns 20,875 shares of the company's stock, valued at approximately $735,635. This trade represents a 16.78 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher O. Blunt purchased 10,000 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The stock was bought at an average cost of $35.65 per share, for a total transaction of $356,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 839,584 shares in the company, valued at $29,931,169.60. The trade was a 1.21 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 4,540,000 shares of company stock worth $152,581,820 over the last quarter. Insiders own 1.80% of the company's stock.

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.