GAMMA Investing LLC Increases Holdings in F&G Annuities & Life, Inc. (NYSE:FG)

GAMMA Investing LLC lifted its stake in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 4,236.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,185 shares of the company's stock after purchasing an additional 11,904 shares during the period. GAMMA Investing LLC's holdings in F&G Annuities & Life were worth $439,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in F&G Annuities & Life by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,583 shares of the company's stock worth $439,000 after buying an additional 386 shares in the last quarter. Rhumbline Advisers grew its position in shares of F&G Annuities & Life by 1.6% in the 4th quarter. Rhumbline Advisers now owns 29,633 shares of the company's stock valued at $1,228,000 after buying an additional 469 shares during the last quarter. Federated Hermes Inc. grew its position in F&G Annuities & Life by 476.6% during the 4th quarter. Federated Hermes Inc. now owns 888 shares of the company's stock worth $37,000 after purchasing an additional 734 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in F&G Annuities & Life by 17.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,236 shares of the company's stock worth $300,000 after purchasing an additional 1,087 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in shares of F&G Annuities & Life by 1.0% in the 4th quarter. Nuveen Asset Management LLC now owns 195,726 shares of the company's stock worth $8,111,000 after acquiring an additional 2,000 shares during the period. Hedge funds and other institutional investors own 95.86% of the company's stock.

Insider Transactions at F&G Annuities & Life

In related news, EVP Michael L. Gravelle acquired 7,000 shares of the stock in a transaction dated Thursday, March 27th. The stock was bought at an average cost of $36.00 per share, for a total transaction of $252,000.00. Following the completion of the transaction, the executive vice president now directly owns 33,540 shares of the company's stock, valued at $1,207,440. The trade was a 26.38% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Celina J. Wang Doka bought 3,000 shares of the stock in a transaction 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 acquisition, the director now owns 20,875 shares of the company's stock, valued at $735,635. This represents a 16.78% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 75,000 shares of company stock worth $2,473,720 in the last 90 days. Corporate insiders own 2.10% of the company's stock.

F&G Annuities & Life Price Performance

Shares of F&G Annuities & Life stock traded up $0.37 during trading on Monday, reaching $32.00. The company's stock had a trading volume of 147,834 shares, compared to its average volume of 151,607. The stock has a 50-day moving average price of $32.90 and a two-hundred day moving average price of $38.37. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.50. F&G Annuities & Life, Inc. has a one year low of $30.10 and a one year high of $50.75. The stock has a market capitalization of $4.31 billion, a P/E ratio of 8.49 and a beta of 1.62.

F&G Annuities & Life (NYSE:FG - Get Free Report) last posted its earnings results 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). F&G Annuities & Life had a return on equity of 12.89% and a net margin of 9.90%. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $1.46 billion. As a group, sell-side analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Announces Dividend

The business also recently disclosed 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. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Monday, June 16th. F&G Annuities & Life's dividend payout ratio is currently 23.34%.

Analyst Ratings Changes

A number of brokerages have recently commented on FG. Stephens reiterated an "equal weight" rating and set a $47.00 price target on shares of F&G Annuities & Life in a report on Monday, February 24th. Barclays reduced their price target 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.

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.