F&G Annuities & Life, Inc. (NYSE:FG) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC lessened its stake in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 12.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 215,544 shares of the company's stock after selling 30,097 shares during the quarter. Kennedy Capital Management LLC owned 0.17% of F&G Annuities & Life worth $8,932,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of F&G Annuities & Life during the fourth quarter valued at $14,321,000. Fisher Funds Management LTD purchased a new position in F&G Annuities & Life in the fourth quarter valued at about $5,421,000. Kelly Financial Group LLC acquired a new stake in shares of F&G Annuities & Life in the 4th quarter valued at about $4,144,000. American Century Companies Inc. increased its stake in F&G Annuities & Life by 31.5% during the fourth quarter. American Century Companies Inc. now owns 233,900 shares of the company's stock valued at $9,693,000 after purchasing an additional 56,073 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in F&G Annuities & Life by 83.9% during the 4th quarter. JPMorgan Chase & Co. now owns 84,528 shares of the company's stock valued at $3,503,000 after purchasing an additional 38,576 shares during the period. 95.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Michael L. Gravelle bought 7,000 shares of the firm's stock in a transaction on Thursday, March 27th. The shares were bought at an average cost of $36.00 per share, for a total transaction of $252,000.00. Following the acquisition, the executive vice president now directly owns 33,540 shares of the company's stock, valued at $1,207,440. This trade represents a 26.38 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Christopher O. Blunt bought 10,000 shares of the company's stock in a transaction on Thursday, March 27th. The stock was purchased at an average cost of $35.96 per share, with a total value of $359,600.00. Following the completion of the transaction, the chief executive officer now owns 849,584 shares in the company, valued at $30,551,040.64. This represents a 1.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 4,530,000 shares of company stock valued at $152,273,820. Company insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on FG shares. Stephens reiterated an "equal weight" rating and issued a $47.00 price target on shares of F&G Annuities & Life in a research report on Monday, February 24th. Barclays cut their target price on shares of F&G Annuities & Life from $47.00 to $41.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th.

F&G Annuities & Life Stock Performance

NYSE:FG traded up $0.45 during mid-day trading on Wednesday, reaching $34.86. 94,987 shares of the company's stock were exchanged, compared to its average volume of 255,054. The firm has a market capitalization of $4.42 billion, a PE ratio of 7.19 and a beta of 1.83. The business's fifty day simple moving average is $39.71 and its two-hundred day simple moving average is $42.38. F&G Annuities & Life, Inc. has a one year low of $31.25 and a one 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 announced its earnings results on Thursday, February 20th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.13). The business had revenue of $1.56 billion for the quarter, compared to analysts' expectations of $1.34 billion. F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. Analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 2.52%. F&G Annuities & Life's dividend payout ratio is currently 18.14%.

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.