American Century Companies Inc. Purchases 56,073 Shares of F&G Annuities & Life, Inc. (NYSE:FG)

American Century Companies Inc. grew its position in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 31.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 233,900 shares of the company’s stock after buying an additional 56,073 shares during the quarter. American Century Companies Inc. owned 0.19% of F&G Annuities & Life worth $9,693,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FG. Charles Schwab Investment Management Inc. increased its position in shares of F&G Annuities & Life by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 201,582 shares of the company’s stock valued at $9,015,000 after acquiring an additional 10,584 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in F&G Annuities & Life in the 3rd quarter valued at $6,369,000. Point72 Asset Management L.P. purchased a new stake in shares of F&G Annuities & Life during the 3rd quarter valued at $521,000. State Street Corp raised its stake in shares of F&G Annuities & Life by 1.2% during the 3rd quarter. State Street Corp now owns 413,210 shares of the company’s stock worth $18,479,000 after purchasing an additional 4,910 shares during the period. Finally, Zacks Investment Management purchased a new position in shares of F&G Annuities & Life in the 3rd quarter worth about $409,000. Hedge funds and other institutional investors own 95.86% of the company’s stock.

F&G Annuities & Life Stock Down 0.1 %

Shares of NYSE FG opened at $36.86 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.25 and a quick ratio of 0.25. The stock has a market capitalization of $4.67 billion, a PE ratio of 7.60 and a beta of 1.72. F&G Annuities & Life, Inc. has a one year low of $34.08 and a one year high of $50.75. The business’s fifty day moving average price is $41.87 and its 200-day moving average price is $42.98.

F&G Annuities & Life (NYSE:FG) last released its quarterly earnings data on Thursday, February 20th. The company reported $1.12 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%. On average, equities research analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.

F&G Annuities & Life Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.39%. The ex-dividend date was Monday, March 17th. F&G Annuities & Life’s dividend payout ratio (DPR) is presently 18.14%.

Analyst Upgrades and Downgrades

FG has been the subject of a number of research analyst reports. Barclays raised their price objective on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Stephens restated an “equal weight” rating and set a $47.00 price target on shares of F&G Annuities & Life in a research note on Monday, February 24th.

Insider Activity at F&G Annuities & Life

In other news, EVP Michael L. Gravelle bought 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The shares were acquired at an average price of $36.00 per share, with a total value of $252,000.00. Following the acquisition, the executive vice president now owns 33,540 shares of the company’s stock, valued at approximately $1,207,440. The trade was a 26.38 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder National Financial I. Fidelity purchased 4,500,000 shares of the business’s stock in a transaction on Monday, March 24th. The stock was purchased at an average cost of $33.60 per share, with a total value of $151,200,000.00. Following the completion of the acquisition, the insider now 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 ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 4,530,000 shares of company stock worth $152,273,820. Corporate insiders own 1.80% of the company’s stock.

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.