XTX Topco Ltd Invests $456,000 in F&G Annuities & Life, Inc. (NYSE:FG)

Key Points

• XTX Topco Ltd acquired 12,639 shares of F&G Annuities & Life, Inc., valued at approximately $456,000, during the first quarter.
• Insider transactions highlight CEO Christopher O. Blunt's purchase of 5,000 shares at $32.11 each, increasing his ownership to 894,964 shares, valued around $28.7 million.
• Barclays raised its target price for the stock from $37.00 to $40.00, maintaining an "equal weight" rating, while Wall Street Zen upgraded the stock from "sell" to "hold".

XTX Topco Ltd bought a new position in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,639 shares of the company's stock, valued at approximately $456,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FG. KLP Kapitalforvaltning AS bought a new position in F&G Annuities & Life during the fourth quarter valued at approximately $141,000. JPMorgan Chase & Co. boosted its stake in F&G Annuities & Life by 83.9% during the fourth quarter. JPMorgan Chase & Co. now owns 84,528 shares of the company's stock valued at $3,503,000 after buying an additional 38,576 shares during the last quarter. Wells Fargo & Company MN boosted its stake in F&G Annuities & Life by 8.7% during the fourth quarter. Wells Fargo & Company MN now owns 28,108 shares of the company's stock valued at $1,165,000 after buying an additional 2,256 shares during the last quarter. Federated Hermes Inc. boosted its stake 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 buying an additional 734 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in F&G Annuities & Life by 4.3% during the fourth quarter. Renaissance Technologies LLC now owns 50,500 shares of the company's stock valued at $2,093,000 after purchasing an additional 2,100 shares during the last quarter. Institutional investors own 95.86% of the company's stock.

F&G Annuities & Life Price Performance

Shares of NYSE FG traded up $1.01 during mid-day trading on Tuesday, hitting $35.51. 39,724 shares of the company's stock traded hands, compared to its average volume of 230,675. The company's 50-day moving average is $31.96 and its two-hundred day moving average is $35.78. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market capitalization of $4.78 billion, a P/E ratio of 14.32 and a beta of 1.55. F&G Annuities & Life, Inc. has a 1 year low of $30.01 and a 1 year high of $50.75.

F&G Annuities & Life (NYSE:FG - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.13. The firm had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $1.35 billion. F&G Annuities & Life had a net margin of 6.45% and a return on equity of 11.65%. On average, equities analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, September 16th. F&G Annuities & Life's dividend payout ratio (DPR) is 35.48%.

Insider Activity

In other news, CEO Christopher O. Blunt bought 5,000 shares of the stock in a transaction dated Friday, May 16th. The stock was purchased at an average price of $32.11 per share, for a total transaction of $160,550.00. Following the acquisition, the chief executive officer owned 894,964 shares of the company's stock, valued at $28,737,294.04. The trade was a 0.56% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FG shares. Wall Street Zen upgraded shares of F&G Annuities & Life from a "sell" rating to a "hold" rating in a report on Tuesday, August 5th. Barclays upped their target price on shares of F&G Annuities & Life from $37.00 to $40.00 and gave the company an "equal weight" rating in a research report on Thursday, August 7th.

F&G Annuities & Life 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.