24,700 Shares in F&G Annuities & Life, Inc. $FG Acquired by Versor Investments LP

Versor Investments LP purchased a new stake in shares of F&G Annuities & Life, Inc. (NYSE:FG) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 24,700 shares of the company’s stock, valued at approximately $772,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. CSM Advisors LLC purchased a new stake in shares of F&G Annuities & Life during the 2nd quarter worth about $3,863,000. American Century Companies Inc. increased its stake in shares of F&G Annuities & Life by 23.4% during the 2nd quarter. American Century Companies Inc. now owns 365,343 shares of the company’s stock worth $11,684,000 after purchasing an additional 69,242 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in shares of F&G Annuities & Life during the 3rd quarter valued at $1,434,000. Jupiter Asset Management Ltd. bought a new stake in F&G Annuities & Life in the second quarter worth $1,916,000. Finally, Parkwood LLC increased its position in F&G Annuities & Life by 32.0% during the second quarter. Parkwood LLC now owns 205,944 shares of the company’s stock worth $6,586,000 after buying an additional 49,883 shares during the last quarter. 95.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on FG shares. Weiss Ratings reissued a “hold (c)” rating on shares of F&G Annuities & Life in a report on Monday, December 29th. Wall Street Zen raised shares of F&G Annuities & Life from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research lowered shares of F&G Annuities & Life from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Barclays set a $31.00 price target on F&G Annuities & Life in a research report on Thursday, January 8th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $37.00.

F&G Annuities & Life Stock Performance

NYSE:FG opened at $28.43 on Wednesday. F&G Annuities & Life, Inc. has a 12-month low of $26.45 and a 12-month high of $47.76. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $3.83 billion, a PE ratio of 8.34 and a beta of 1.46. The firm has a 50-day moving average price of $30.28 and a 200 day moving average price of $31.51.

Insider Transactions at F&G Annuities & Life

In related news, CEO Christopher O. Blunt acquired 5,000 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was purchased at an average cost of $29.56 per share, for a total transaction of $147,800.00. Following the completion of the purchase, the chief executive officer directly owned 1,117,396 shares of the company’s stock, valued at $33,030,225.76. The trade was a 0.45% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is owned by corporate insiders.

About F&G Annuities & Life

F&G Annuities & Life is the principal life insurance and annuity subsidiary of F&G Financial Group, Inc (NYSE: FG), a publicly traded financial services holding company headquartered in Des Moines, Iowa. The company focuses on designing and issuing retirement income solutions that address longevity risk, capital preservation, and wealth transfer for individual and institutional clients.

Its product suite includes fixed indexed annuities, which offer the potential for market-linked growth with downside protection; fixed-rate annuities, delivering guaranteed interest over a defined term; and a range of life insurance policies such as term, universal, and variable universal life.