Geode Capital Management LLC Cuts Stock Holdings in F&G Annuities & Life, Inc. (NYSE:FG)

Geode Capital Management LLC decreased its position in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 396,906 shares of the company's stock after selling 8,141 shares during the period. Geode Capital Management LLC owned about 0.31% of F&G Annuities & Life worth $16,452,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FG. Blue Trust Inc. lifted its holdings in F&G Annuities & Life by 59.6% during 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 in the last quarter. AlphaQuest LLC lifted its stake in F&G Annuities & Life by 314,200.0% in the 4th quarter. AlphaQuest LLC now owns 3,143 shares of the company's stock valued at $130,000 after buying an additional 3,142 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in F&G Annuities & Life in the 4th quarter valued at about $141,000. US Bancorp DE boosted its holdings in F&G Annuities & Life by 910.8% in the 4th quarter. US Bancorp DE now owns 3,932 shares of the company's stock worth $163,000 after buying an additional 3,543 shares during the last quarter. Finally, Iron Horse Wealth Management LLC increased its stake in F&G Annuities & Life by 32.1% during the 4th quarter. Iron Horse Wealth Management LLC now owns 4,275 shares of the company's stock worth $177,000 after buying an additional 1,040 shares in the last quarter. Hedge funds and other institutional investors own 95.86% of the company's stock.

F&G Annuities & Life Price Performance

FG traded down $0.59 during trading on Friday, reaching $34.75. The company's stock had a trading volume of 20,455 shares, compared to its average volume of 128,741. 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 firm has a fifty day simple moving average of $38.04 and a two-hundred day simple moving average of $41.96. The company has a market cap of $4.40 billion, a price-to-earnings ratio of 7.16 and a beta of 1.83. F&G Annuities & Life, Inc. has a 1 year low of $31.26 and a 1 year high of $50.75.

F&G Annuities & Life (NYSE:FG - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $1.12 earnings per share for the quarter, missing analysts' consensus estimates of $1.25 by ($0.13). F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.34 billion. As a group, analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.

F&G Annuities & Life Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.88 annualized dividend and a yield of 2.53%. F&G Annuities & Life's payout ratio is 18.14%.

Insider Activity

In other news, CEO Christopher O. Blunt purchased 10,000 shares of the stock in a transaction dated Tuesday, March 25th. The stock was acquired at an average cost of $35.65 per share, for a total transaction of $356,500.00. Following the completion of the transaction, the chief executive officer now directly owns 839,584 shares in the company, valued at approximately $29,931,169.60. This represents a 1.21 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder National Financial I. Fidelity acquired 4,500,000 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was purchased at an average price of $33.60 per share, for a total transaction of $151,200,000.00. Following the acquisition, the insider now directly owns 110,483,243 shares in the company, valued at approximately $3,712,236,964.80. This trade represents a 4.25 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 4,530,000 shares of company stock valued at $152,273,820. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Barclays lowered their price target on F&G Annuities & Life from $47.00 to $41.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. Stephens reaffirmed an "equal weight" rating and set a $47.00 target price on shares of F&G Annuities & Life in a research note 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.