Castlekeep Investment Advisors LLC Invests $1.72 Million in F&G Annuities & Life, Inc. (NYSE:FG)

Castlekeep Investment Advisors LLC purchased a new stake in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 41,432 shares of the company's stock, valued at approximately $1,717,000.

Several other hedge funds and other institutional investors also recently modified their holdings of FG. Federated Hermes Inc. grew its holdings in F&G Annuities & Life by 476.6% in the fourth quarter. Federated Hermes Inc. now owns 888 shares of the company's stock worth $37,000 after purchasing an additional 734 shares during the period. Blue Trust Inc. lifted its position in F&G Annuities & Life by 59.6% during the fourth quarter. Blue Trust Inc. now owns 902 shares of the company's stock valued at $40,000 after purchasing an additional 337 shares during the period. BNP Paribas Financial Markets bought a new position in F&G Annuities & Life during the fourth quarter valued at approximately $114,000. AlphaQuest LLC raised its position 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 worth $130,000 after acquiring an additional 3,142 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in F&G Annuities & Life in the fourth quarter worth approximately $141,000. Hedge funds and other institutional investors own 95.86% of the company's stock.

F&G Annuities & Life Trading Down 2.5%

NYSE:FG traded down $0.80 during mid-day trading on Wednesday, hitting $31.41. 185,573 shares of the stock traded hands, compared to its average volume of 144,438. The stock has a market capitalization of $4.23 billion, a price-to-earnings ratio of 6.48 and a beta of 1.84. F&G Annuities & Life, Inc. has a 52 week low of $30.10 and a 52 week high of $50.75. The firm's 50 day moving average is $34.10 and its two-hundred day moving average is $40.40. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.46.

F&G Annuities & Life (NYSE:FG - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.47). The company had revenue of $2.18 billion during the quarter, compared to analysts' expectations of $1.46 billion. F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. On average, equities research analysts predict that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current year.

F&G Annuities & Life Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.88 annualized dividend and a yield of 2.80%. F&G Annuities & Life's dividend payout ratio (DPR) is 23.34%.

Insider Transactions at F&G Annuities & Life

In other 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 bought at an average price of $35.24 per share, with a total value of $105,720.00. Following the completion of the transaction, the director now directly owns 20,875 shares of the company's stock, valued at approximately $735,635. The trade was a 16.78% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher O. Blunt bought 5,000 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were purchased at an average cost of $32.11 per share, with a total value of $160,550.00. Following the transaction, the chief executive officer now directly owns 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 disclosure for this purchase can be found here. In the last quarter, insiders acquired 4,575,000 shares of company stock valued at $153,673,720. Company insiders own 2.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on FG shares. Stephens restated 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. Barclays dropped their price objective on shares of F&G Annuities & Life from $41.00 to $40.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th.

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.