Occudo Quantitative Strategies LP Lowers Stake in F&G Annuities & Life, Inc. (NYSE:FG)

Occudo Quantitative Strategies LP lowered its stake in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 13.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,435 shares of the company’s stock after selling 881 shares during the quarter. Occudo Quantitative Strategies LP’s holdings in F&G Annuities & Life were worth $225,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Barclays PLC raised its position in F&G Annuities & Life by 527.8% in the 3rd quarter. Barclays PLC now owns 42,524 shares of the company’s stock worth $1,902,000 after purchasing an additional 35,750 shares during the period. JPMorgan Chase & Co. raised its position in F&G Annuities & Life by 63.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 45,952 shares of the company’s stock worth $2,055,000 after purchasing an additional 17,845 shares during the period. SG Americas Securities LLC raised its position in F&G Annuities & Life by 45.6% in the 4th quarter. SG Americas Securities LLC now owns 5,516 shares of the company’s stock worth $229,000 after purchasing an additional 1,728 shares during the period. Crescent Grove Advisors LLC raised its position in F&G Annuities & Life by 22.7% in the 4th quarter. Crescent Grove Advisors LLC now owns 30,479 shares of the company’s stock worth $1,263,000 after purchasing an additional 5,642 shares during the period. Finally, Blue Trust Inc. raised its position in F&G Annuities & Life by 59.6% in the 4th quarter. Blue Trust Inc. now owns 902 shares of the company’s stock worth $40,000 after purchasing an additional 337 shares during the period. Hedge funds and other institutional investors own 95.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on FG shares. Stephens reiterated an “equal weight” rating and issued a $47.00 target price on shares of F&G Annuities & Life in a research report on Monday, February 24th. Barclays cut their price target on shares of F&G Annuities & Life from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, May 8th.

F&G Annuities & Life Price Performance

Shares of F&G Annuities & Life stock opened at $31.97 on Friday. The firm has a market cap of $4.31 billion, a PE ratio of 6.59 and a beta of 1.84. F&G Annuities & Life, Inc. has a 12-month low of $30.10 and a 12-month high of $50.75. 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’s fifty day simple moving average is $35.37 and its two-hundred day simple moving average is $40.93.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.47). The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $1.46 billion. F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. As a group, equities analysts expect that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.

F&G Annuities & Life Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Monday, June 16th. F&G Annuities & Life’s dividend payout ratio (DPR) is presently 23.34%.

Insider Activity

In related news, CEO Christopher O. Blunt bought 10,000 shares of the business’s stock in a transaction dated Tuesday, March 25th. The shares were purchased at an average price of $35.65 per share, with a total value of $356,500.00. Following the purchase, the chief executive officer now owns 839,584 shares of the company’s stock, valued at approximately $29,931,169.60. This trade represents a 1.21% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder National Financial I. Fidelity bought 4,500,000 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were bought at an average cost of $33.60 per share, for a total transaction of $151,200,000.00. Following the purchase, 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. In the last 90 days, insiders have purchased 4,575,000 shares of company stock valued at $153,673,720. Corporate insiders own 2.10% of the company’s stock.

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.