Raymond James Financial Inc. Acquires Shares of 14,581 F&G Annuities & Life, Inc. (NYSE:FG)

Raymond James Financial Inc. purchased a new position in shares of F&G Annuities & Life, Inc. (NYSE:FG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 14,581 shares of the company's stock, valued at approximately $604,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new position in F&G Annuities & Life in the fourth quarter worth $14,321,000. Fisher Funds Management LTD bought a new position in shares of F&G Annuities & Life during the 4th quarter worth $5,421,000. Kelly Financial Group LLC bought a new position in F&G Annuities & Life in the 4th quarter worth approximately $4,144,000. American Century Companies Inc. lifted its holdings in F&G Annuities & Life by 31.5% during the 4th quarter. American Century Companies Inc. now owns 233,900 shares of the company's stock worth $9,693,000 after purchasing an additional 56,073 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in F&G Annuities & Life by 83.9% in the 4th quarter. JPMorgan Chase & Co. now owns 84,528 shares of the company's stock worth $3,503,000 after purchasing an additional 38,576 shares in the last quarter. Institutional investors and hedge funds own 95.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FG. Barclays dropped their target price on F&G Annuities & Life from $41.00 to $40.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Stephens reiterated 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 Stock Performance

Shares of F&G Annuities & Life stock traded up $0.21 during trading hours on Tuesday, reaching $31.64. 55,395 shares of the stock traded hands, compared to its average volume of 256,905. F&G Annuities & Life, Inc. has a one year low of $30.10 and a one year high of $50.75. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 6.52 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 50 day moving average price of $36.09 and a 200 day moving average price of $41.22.

F&G Annuities & Life (NYSE:FG - Get Free Report) last issued its 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). The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $1.46 billion. F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. On average, equities research analysts expect 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.78%. The ex-dividend date is Monday, June 16th. F&G Annuities & Life's dividend payout ratio (DPR) is presently 23.34%.

Insider Activity

In other F&G Annuities & Life news, CEO Christopher O. Blunt acquired 10,000 shares of F&G Annuities & Life stock in a transaction that occurred on Tuesday, March 25th. The stock was bought at an average price of $35.65 per share, with a total value of $356,500.00. Following the completion of the purchase, the chief executive officer now directly owns 839,584 shares of the company's stock, valued at approximately $29,931,169.60. This represents a 1.21% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder National Financial I. Fidelity purchased 4,500,000 shares of the stock in a transaction dated 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 completion of the acquisition, the insider now directly owns 110,483,243 shares in the company, valued at approximately $3,712,236,964.80. This represents a 4.25% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 4,555,000 shares of company stock valued at $153,051,470. 1.80% of the stock is currently owned by company insiders.

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.