Castlekeep Investment Advisors LLC Purchases Shares of 41,432 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 fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 41,432 shares of the company's stock, valued at approximately $1,717,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Barclays PLC increased its position 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 valued at $1,902,000 after buying an additional 35,750 shares during the period. Kelly Financial Group LLC bought a new stake in F&G Annuities & Life during the 4th quarter valued at approximately $4,144,000. Dimensional Fund Advisors LP grew its holdings in shares of F&G Annuities & Life by 11.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 413,202 shares of the company's stock worth $17,123,000 after acquiring an additional 42,081 shares during the period. Raymond James Financial Inc. bought a new position in shares of F&G Annuities & Life in the 4th quarter worth approximately $604,000. Finally, Principal Financial Group Inc. lifted its stake in shares of F&G Annuities & Life by 4.4% in the 4th quarter. Principal Financial Group Inc. now owns 125,582 shares of the company's stock valued at $5,205,000 after purchasing an additional 5,246 shares during the period. Institutional investors own 95.86% of the company's stock.

Insider Activity

In other news, CEO Christopher O. Blunt acquired 10,000 shares of F&G Annuities & Life stock in a transaction dated Tuesday, March 25th. The stock was purchased at an average cost of $35.65 per share, for a total transaction of $356,500.00. Following the completion of the purchase, the chief executive officer now directly owns 839,584 shares in the company, valued at $29,931,169.60. This trade represents a 1.21% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder National Financial I. Fidelity bought 4,500,000 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was purchased at an average price of $33.60 per share, for a total transaction of $151,200,000.00. Following the transaction, the insider now owns 110,483,243 shares of the company's stock, valued at $3,712,236,964.80. The trade was a 4.25% 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 worth $153,673,720. 2.10% of the stock is currently owned by corporate insiders.

F&G Annuities & Life Price Performance

Shares of FG traded up $0.22 during trading hours on Thursday, reaching $31.58. 82,955 shares of the stock traded hands, compared to its average volume of 144,605. The company's 50-day moving average price is $34.03 and its two-hundred day moving average price is $40.33. 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 has a market cap of $4.26 billion, a P/E ratio of 6.51 and a beta of 1.84.

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). The company had revenue of $2.18 billion for 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, analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current year.

F&G Annuities & Life Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.22 per share. The ex-dividend date is Monday, June 16th. This represents a $0.88 annualized dividend and a dividend yield of 2.79%. F&G Annuities & Life's dividend payout ratio is currently 23.34%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Stephens reiterated 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 reduced their target price on shares of F&G Annuities & Life from $41.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th.

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.