Geode Capital Boosts Stake in F&G Annuities & Life; Dividend Raised

Geode Capital Management LLC increased its stake in F&G Annuities & Life, Inc. (NYSE: FG) by 12.6% during Q2 2025, owning 509,212 shares valued at approximately $16.3 million. This move reflects a broader trend of institutional investors adjusting their positions in the company, with several funds initiating or growing stakes in recent quarters. Institutional ownership of F&G Annuities & Life stands at a notable 95.86%, indicating strong interest from large investors. F&G Annuities & Life, specializing in fixed annuity and life insurance products, maintains a market capitalization of $4.35 billion. Its financial metrics include a price-to-earnings ratio of 9.48 and a beta of 1.44, with a market share demonstrating resilience in its sector amid fluctuating market conditions. The company’s stock price has ranged from $28.70 to $49.41 over the past year, with recent movements averaging around $32. In terms of dividends, the company announced an increased quarterly dividend of $0.25 per share, up from $0.22, scheduled for payment on December 31, 2025. This dividend reflects a payout ratio of 25.81% and an annual yield of 3.1%, positioning F&G Annuities & Life as a potentially attractive income option for investors focusing on dividend growth. Market analysts have shown varied opinions on F&G Annuities & Life. While some brokerage firms like Zacks Research and Wall Street Zen upgraded their ratings to 'strong buy' and 'buy' respectively, others maintain a hold stance, suggesting a moderate buy consensus with an average price target around $38.33. This mixed sentiment underscores the need for careful consideration in portfolio positioning relative to sector dynamics. Notable insider trading activities include an EVP selling 3,000 shares in September 2025, while the CEO increased his holdings by purchasing 5,000 shares in November 2025, indicating confident insider sentiment regarding the company's prospects. Total insider ownership accounts for approximately 2.10% of the stock. F&G Annuities & Life, headquartered in Des Moines, Iowa, has demonstrated steady engagement from both institutional and insider investors, reflecting ongoing confidence in its fixed annuity and life insurance product lines amidst evolving market challenges and regulatory environments.