PFA Pension Forsikringsaktieselskab Purchases New Position in F&G Annuities & Life, Inc. $FG

Key Points

• PFA Pension bought a new position of 39,494 shares (~$1.26M) in F&G, and several other institutions added stakes as institutional investors now own 95.86% of the company.
• F&G missed Q4 estimates, reporting EPS of $0.91 vs. $1.34 expected and revenue of $739M vs. $1.55B expected, while the stock trades in a 12‑month range of $20.57–$36.70.
• The board authorized a $100M buyback (about 3.1% of shares) and the company pays a $0.25 quarterly dividend (3.5% yield); insiders including the CEO also bought shares around $21, signaling management confidence.

PFA Pension Forsikringsaktieselskab bought a new position in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 39,494 shares of the company's stock, valued at approximately $1,257,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Danske Bank A S bought a new position in shares of F&G Annuities & Life during the 4th quarter valued at $224,000. Oppenheimer Asset Management Inc. purchased a new position in F&G Annuities & Life during the 4th quarter valued at about $299,000. Harbor Advisors LLC lifted its position in F&G Annuities & Life by 16.3% during the 4th quarter. Harbor Advisors LLC now owns 14,275 shares of the company's stock valued at $440,000 after acquiring an additional 2,004 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new position in F&G Annuities & Life in the fourth quarter worth about $215,000. Finally, Comerica Bank raised its holdings in F&G Annuities & Life by 61.6% in the fourth quarter. Comerica Bank now owns 22,727 shares of the company's stock worth $701,000 after buying an additional 8,667 shares during the last quarter. Hedge funds and other institutional investors own 95.86% of the company's stock.

F&G Annuities & Life Stock Performance

FG opened at $28.39 on Tuesday. F&G Annuities & Life, Inc. has a 12-month low of $20.57 and a 12-month high of $36.70. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $3.85 billion, a PE ratio of 15.51 and a beta of 1.28. The firm has a 50 day moving average of $24.72 and a two-hundred day moving average of $28.33.

F&G Annuities & Life (NYSE:FG - Get Free Report) last posted its quarterly earnings results on Thursday, February 19th. The company reported $0.91 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.34 by ($0.43). F&G Annuities & Life had a return on equity of 10.48% and a net margin of 4.62%.The business had revenue of $739.00 million for the quarter, compared to analysts' expectations of $1.55 billion.

F&G Annuities & Life Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, March 17th. F&G Annuities & Life's payout ratio is 54.64%.

F&G Annuities & Life declared that its Board of Directors has authorized a stock repurchase plan on Monday, March 16th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to buy up to 3.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Wall Street Zen upgraded shares of F&G Annuities & Life from a "hold" rating to a "buy" rating in a research report on Saturday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of F&G Annuities & Life in a research note on Friday, March 27th. Barclays cut their price objective on shares of F&G Annuities & Life from $31.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 8th. Finally, Zacks Research cut shares of F&G Annuities & Life from a "hold" rating to a "strong sell" rating in a report on Monday, February 23rd. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $30.00.

Insider Activity at F&G Annuities & Life

In other news, Director Celina J. Wang Doka bought 4,760 shares of the business's stock in a transaction dated Friday, March 13th. The stock was purchased at an average cost of $20.98 per share, with a total value of $99,864.80. Following the acquisition, the director directly owned 32,071 shares in the company, valued at $672,849.58. This trade represents a 17.43% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Christopher O. Blunt purchased 10,000 shares of the company's stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average cost of $20.99 per share, for a total transaction of $209,900.00. Following the purchase, the chief executive officer directly owned 1,107,128 shares in the company, valued at $23,238,616.72. This trade represents a 0.91% increase in their position. The disclosure for this purchase is available in the SEC filing. 2.10% of the stock is owned by insiders.

About F&G Annuities & Life

F&G Annuities & Life is the principal life insurance and annuity subsidiary of F&G Financial Group, Inc NYSE: FG, a publicly traded financial services holding company headquartered in Des Moines, Iowa. The company focuses on designing and issuing retirement income solutions that address longevity risk, capital preservation, and wealth transfer for individual and institutional clients.

Its product suite includes fixed indexed annuities, which offer the potential for market-linked growth with downside protection; fixed-rate annuities, delivering guaranteed interest over a defined term; and a range of life insurance policies such as term, universal, and variable universal life.

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