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

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FG. Federated Hermes Inc. grew its position in shares of F&G Annuities & Life by 476.6% during the 4th quarter. Federated Hermes Inc. now owns 888 shares of the company’s stock valued at $37,000 after acquiring an additional 734 shares during the period. Blue Trust Inc. grew its position in shares of F&G Annuities & Life by 59.6% during the 4th quarter. Blue Trust Inc. now owns 902 shares of the company’s stock valued at $40,000 after acquiring an additional 337 shares during the period. BNP Paribas Financial Markets bought a new position in shares of F&G Annuities & Life during the 4th quarter valued at approximately $114,000. AlphaQuest LLC grew its position in shares of F&G Annuities & Life by 314,200.0% during the 4th quarter. AlphaQuest LLC now owns 3,143 shares of the company’s stock valued at $130,000 after acquiring an additional 3,142 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in shares of F&G Annuities & Life during the 4th quarter valued at approximately $141,000. Hedge funds and other institutional investors own 95.86% of the company’s stock.

F&G Annuities & Life Stock Up 3.0%

FG opened at $31.97 on Friday. The company has a 50 day moving average of $35.37 and a 200 day moving average of $40.93. The company 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 current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.46.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.47). F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $1.46 billion. On average, sell-side 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 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Monday, June 16th. F&G Annuities & Life’s payout ratio is 23.34%.

Analyst Upgrades and Downgrades

Several research firms recently commented on FG. Barclays cut their price objective on shares of F&G Annuities & Life from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, May 8th. Stephens reaffirmed an “equal weight” rating and issued a $47.00 price objective on shares of F&G Annuities & Life in a report on Monday, February 24th.

Insider Buying and Selling at F&G Annuities & Life

In related news, CEO Christopher O. Blunt acquired 15,000 shares of the stock in a transaction dated Thursday, May 15th. The shares were purchased at an average price of $30.78 per share, for a total transaction of $461,700.00. Following the transaction, the chief executive officer now owns 889,964 shares in the company, valued at $27,393,091.92. This represents a 1.71% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder National Financial I. Fidelity acquired 4,500,000 shares of the stock in a transaction dated Monday, March 24th. The shares were bought at an average price of $33.60 per share, for a total transaction of $151,200,000.00. Following the transaction, the insider now 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. Insiders bought a total of 4,575,000 shares of company stock valued at $153,673,720 in the last three months. Company 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.