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

Castlekeep Investment Advisors LLC bought a new stake in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 41,432 shares of the company's stock, valued at approximately $1,717,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FG. 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 worth $37,000 after purchasing an additional 734 shares in the last quarter. Blue Trust Inc. raised its stake in shares of F&G Annuities & Life by 59.6% during the 4th quarter. Blue Trust Inc. now owns 902 shares of the company's stock worth $40,000 after buying an additional 337 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of F&G Annuities & Life during the 4th quarter worth approximately $114,000. AlphaQuest LLC lifted its position in shares of F&G Annuities & Life by 314,200.0% during the 4th quarter. AlphaQuest LLC now owns 3,143 shares of the company's stock valued at $130,000 after buying an additional 3,142 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of F&G Annuities & Life during the 4th quarter valued at approximately $141,000. Hedge funds and other institutional investors own 95.86% of the company's stock.

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 firm's stock in a transaction dated Monday, March 24th. The shares were acquired at an average price of $33.60 per share, with a total value of $151,200,000.00. Following the purchase, the insider now directly owns 110,483,243 shares in the company, valued at approximately $3,712,236,964.80. This trade represents a 4.25% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Christopher O. Blunt bought 10,000 shares of the stock in a transaction on Tuesday, March 25th. The shares were bought at an average cost of $35.65 per share, with a total value of $356,500.00. Following the purchase, the chief executive officer now owns 839,584 shares of the company's stock, valued at $29,931,169.60. This trade represents a 1.21% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 4,575,000 shares of company stock valued at $153,673,720. 2.10% of the stock is currently owned by insiders.

F&G Annuities & Life Price Performance

Shares of F&G Annuities & Life stock traded up $0.96 during mid-day trading on Tuesday, reaching $32.20. 153,669 shares of the stock traded hands, compared to its average volume of 144,274. The stock has a market capitalization of $4.34 billion, a PE ratio of 6.64 and a beta of 1.84. The business has a 50-day moving average of $34.18 and a 200 day moving average of $40.45. F&G Annuities & Life, Inc. has a fifty-two week low of $30.10 and a fifty-two week high of $50.75. 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 issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.47). The firm had revenue of $2.18 billion for the quarter, compared to analysts' expectations of $1.46 billion. F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. On average, analysts predict that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.

F&G Annuities & Life Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.22 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.88 dividend on an annualized basis and a yield of 2.73%. F&G Annuities & Life's payout ratio is 23.34%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Barclays cut their price target on shares of F&G Annuities & Life from $41.00 to $40.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Stephens reiterated an "equal weight" rating and issued a $47.00 target price on shares of F&G Annuities & Life in a research report on Monday, February 24th.

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.