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

Brave Warrior Advisors LLC lessened its stake in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 1.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,400,441 shares of the company's stock after selling 55,729 shares during the quarter. F&G Annuities & Life comprises about 5.6% of Brave Warrior Advisors LLC's portfolio, making the stock its 10th largest holding. Brave Warrior Advisors LLC owned approximately 4.28% of F&G Annuities & Life worth $223,794,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC lifted its holdings in shares of F&G Annuities & Life by 527.8% during the third quarter. Barclays PLC now owns 42,524 shares of the company's stock worth $1,902,000 after buying an additional 35,750 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in F&G Annuities & Life by 63.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 45,952 shares of the company's stock valued at $2,055,000 after purchasing an additional 17,845 shares during the period. Capital Advisors Wealth Management LLC increased its holdings in shares of F&G Annuities & Life by 5.0% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 20,319 shares of the company's stock worth $842,000 after purchasing an additional 964 shares during the period. SG Americas Securities LLC raised its position in shares of F&G Annuities & Life by 45.6% in the fourth quarter. SG Americas Securities LLC now owns 5,516 shares of the company's stock valued at $229,000 after buying an additional 1,728 shares in the last quarter. Finally, Crescent Grove Advisors LLC boosted its stake in shares of F&G Annuities & Life by 22.7% in the fourth quarter. Crescent Grove Advisors LLC now owns 30,479 shares of the company's stock valued at $1,263,000 after buying an additional 5,642 shares during the period. Institutional investors and hedge funds own 95.86% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Stephens reaffirmed an "equal weight" rating and issued a $47.00 price objective on shares of F&G Annuities & Life in a report on Monday, February 24th. Barclays decreased their target price on shares of 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.

Insider Buying and Selling

In other F&G Annuities & Life news, Director Celina J. Wang Doka bought 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The stock was acquired at an average price of $35.24 per share, with a total value of $105,720.00. Following the completion of 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 legal filing with the SEC, which is available at this link. Also, major shareholder National Financial I. Fidelity purchased 4,500,000 shares of the business's stock in a transaction on Monday, March 24th. The shares were acquired at an average price 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 in the company, 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 purchased a total of 4,530,000 shares of company stock valued at $152,273,820 in the last three months. Insiders own 1.80% of the company's stock.

F&G Annuities & Life Price Performance

F&G Annuities & Life stock traded up $0.23 during midday trading on Wednesday, reaching $35.83. The company's stock had a trading volume of 256,375 shares, compared to its average volume of 133,999. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.46. The stock has a market cap of $4.83 billion, a PE ratio of 7.39 and a beta of 1.84. F&G Annuities & Life, Inc. has a 52 week low of $31.26 and a 52 week high of $50.75. The business has a 50-day moving average price of $36.74 and a 200-day moving average price of $41.46.

F&G Annuities & Life (NYSE:FG - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.47). F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. On average, sell-side analysts predict 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.88 dividend on an annualized basis and a yield of 2.46%. F&G Annuities & Life's payout ratio is 18.14%.

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.