Point72 Asia Singapore Pte. Ltd. Sells 7,805 Shares of F&G Annuities & Life, Inc. (NYSE:FG)

Point72 Asia Singapore Pte. Ltd. decreased its position in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 91.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 706 shares of the company's stock after selling 7,805 shares during the quarter. Point72 Asia Singapore Pte. Ltd.'s holdings in F&G Annuities & Life were worth $29,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Blue Trust Inc. raised its position in shares of F&G Annuities & Life by 59.6% in the fourth quarter. Blue Trust Inc. now owns 902 shares of the company's stock valued at $40,000 after purchasing an additional 337 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in F&G Annuities & Life by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,583 shares of the company's stock worth $439,000 after acquiring an additional 386 shares during the period. Rhumbline Advisers increased its position in F&G Annuities & Life by 1.6% during the fourth quarter. Rhumbline Advisers now owns 29,633 shares of the company's stock worth $1,228,000 after acquiring an additional 469 shares during the period. Federated Hermes Inc. increased 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 acquiring an additional 734 shares during the period. Finally, Iron Horse Wealth Management LLC increased its position in F&G Annuities & Life by 32.1% during the fourth quarter. Iron Horse Wealth Management LLC now owns 4,275 shares of the company's stock worth $177,000 after acquiring an additional 1,040 shares during the period. Institutional investors own 95.86% of the company's stock.

Analyst Ratings Changes

FG has been the topic of several analyst reports. Stephens reissued an "equal weight" rating and issued a $47.00 price target on shares of F&G Annuities & Life in a report on Monday, February 24th. Barclays lowered 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 report on Thursday, May 8th.

F&G Annuities & Life Stock Performance

F&G Annuities & Life stock traded down $0.43 on Friday, hitting $31.29. The company's stock had a trading volume of 160,924 shares, compared to its average volume of 144,236. The firm has a market cap of $4.22 billion, a P/E ratio of 6.45 and a beta of 1.84. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.46. The company has a fifty day moving average price of $34.41 and a 200-day moving average price of $40.56. F&G Annuities & Life, Inc. has a one year low of $30.10 and a one year high of $50.75.

F&G Annuities & Life (NYSE:FG - Get Free Report) last announced its quarterly 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 net margin of 11.12% and a return on equity of 14.14%. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $1.46 billion. On average, equities 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 announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Monday, June 16th. F&G Annuities & Life's payout ratio is 23.34%.

Insider Transactions at F&G Annuities & Life

In other F&G Annuities & Life news, CEO Christopher O. Blunt bought 5,000 shares of F&G Annuities & Life stock in a transaction dated Friday, May 16th. The shares were bought at an average price of $32.11 per share, with a total value of $160,550.00. Following the purchase, the chief executive officer now owns 894,964 shares of the company's stock, valued at $28,737,294.04. This trade represents a 0.56% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Celina J. Wang Doka bought 3,000 shares of F&G Annuities & Life stock in a transaction dated Tuesday, March 25th. The stock was acquired at an average cost of $35.24 per share, for a total transaction of $105,720.00. Following the purchase, the director now directly owns 20,875 shares in the company, valued at approximately $735,635. The trade was a 16.78% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 4,575,000 shares of company stock valued at $153,673,720. 2.10% of the stock is owned by insiders.

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.