GAMMA Investing LLC Has $439,000 Stock Holdings in F&G Annuities & Life, Inc. (NYSE:FG)

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

Other hedge funds have also added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC bought a new stake in shares of F&G Annuities & Life during the fourth quarter worth approximately $72,007,000. Dimensional Fund Advisors LP lifted its holdings in 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 purchasing an additional 42,081 shares during the last quarter. Norges Bank acquired a new stake in F&G Annuities & Life during the 4th quarter worth approximately $14,321,000. Bank of New York Mellon Corp boosted its stake in F&G Annuities & Life by 8.7% in the 4th quarter. Bank of New York Mellon Corp now owns 256,267 shares of the company's stock valued at $10,620,000 after purchasing an additional 20,559 shares during the period. Finally, Ancora Advisors LLC grew its holdings in F&G Annuities & Life by 1.5% in the 4th quarter. Ancora Advisors LLC now owns 247,287 shares of the company's stock valued at $10,248,000 after buying an additional 3,634 shares in the last quarter. Institutional investors and hedge funds own 95.86% of the company's stock.

Insider Buying and Selling

In other F&G Annuities & Life news, CEO Christopher O. Blunt purchased 10,000 shares of the firm's stock in a transaction dated Tuesday, March 25th. The shares were bought at an average price of $35.65 per share, for a total transaction of $356,500.00. Following the purchase, the chief executive officer now owns 839,584 shares in the company, valued at approximately $29,931,169.60. This trade represents a 1.21% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder National Financial I. Fidelity acquired 4,500,000 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 110,483,243 shares in the company, 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. Insiders bought 4,575,000 shares of company stock valued at $153,673,720 over the last quarter. 2.10% of the stock is owned by company insiders.

F&G Annuities & Life Price Performance

Shares of FG stock traded up $0.11 during trading on Friday, hitting $31.72. The company had a trading volume of 160,663 shares, compared to its average volume of 151,048. The firm has a market capitalization of $4.27 billion, a P/E ratio of 8.41 and a beta of 1.61. F&G Annuities & Life, Inc. has a one year low of $30.10 and a one year high of $50.75. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.27 and a current ratio of 0.27. The stock's 50-day moving average price is $32.98 and its 200 day moving average price is $38.69.

F&G Annuities & Life (NYSE:FG - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.46 billion. F&G Annuities & Life had a net margin of 9.90% and a return on equity of 12.89%. Equities analysts expect that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.88 annualized dividend and a yield of 2.77%. F&G Annuities & Life's dividend payout ratio is 23.34%.

Analysts Set New Price Targets

FG has been the subject of a number of research reports. Barclays dropped their target price on 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 reaffirmed an "equal weight" rating and set a $47.00 price target on shares of F&G Annuities & Life in a research report on Monday, February 24th.

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.