Two Sigma Investments LP Decreases Position in F&G Annuities & Life, Inc. (NYSE:FG)

Two Sigma Investments LP trimmed its position in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 59.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,011 shares of the company's stock after selling 8,676 shares during the quarter. Two Sigma Investments LP's holdings in F&G Annuities & Life were worth $249,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Point72 Asset Management L.P. boosted its position in F&G Annuities & Life by 60.6% during the fourth quarter. Point72 Asset Management L.P. now owns 18,713 shares of the company's stock worth $775,000 after purchasing an additional 7,063 shares in the last quarter. ProShare Advisors LLC acquired a new position in shares of F&G Annuities & Life in the fourth quarter worth $217,000. Nuveen Asset Management LLC raised its holdings in shares of F&G Annuities & Life by 1.0% in the fourth 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 last quarter. Millennium Management LLC raised its holdings in shares of F&G Annuities & Life by 311.5% in the fourth quarter. Millennium Management LLC now owns 50,443 shares of the company's stock worth $2,090,000 after acquiring an additional 38,185 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of F&G Annuities & Life by 3.8% in 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 last quarter. 95.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at F&G Annuities & Life

In other news, EVP Michael L. Gravelle purchased 7,000 shares of the stock in a transaction on Thursday, March 27th. The stock was purchased at an average price of $36.00 per share, with a total value of $252,000.00. Following the completion of the transaction, the executive vice president now owns 33,540 shares in the company, valued at approximately $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 hyperlink. Also, CEO Christopher O. Blunt purchased 15,000 shares of the stock in a transaction on Thursday, May 15th. The shares were purchased at an average cost of $30.78 per share, with a total value of $461,700.00. Following the transaction, the chief executive officer now owns 889,964 shares of the company's stock, valued at $27,393,091.92. This trade represents a 1.71% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 4,575,000 shares of company stock worth $153,673,720. 2.10% of the stock is currently owned by insiders.

F&G Annuities & Life Trading Down 4.4%

F&G Annuities & Life stock traded down $1.43 during trading on Friday, hitting $31.43. The company's stock had a trading volume of 190,353 shares, compared to its average volume of 150,239. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 6.48 and a beta of 1.61. The stock's fifty day moving average is $33.30 and its 200 day moving average is $39.10. F&G Annuities & Life, Inc. has a 1-year low of $30.10 and a 1-year high of $50.75. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.25 and a current ratio of 0.25.

F&G Annuities & Life (NYSE:FG - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.47). The business 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 11.12% and a return on equity of 14.14%. As a group, equities research analysts predict that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.

F&G Annuities & Life Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.22 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.88 annualized dividend and a yield of 2.80%. F&G Annuities & Life's payout ratio is currently 23.34%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FG. Barclays cut their price target 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 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.

F&G Annuities & Life Company 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.