Raymond James Boosts Investment in F&G Annuities & Life Amid Insider Buying

Raymond James Financial Inc. has significantly increased its investment in F&G Annuities & Life, Inc. by acquiring approximately 14,581 shares valued at around $604,000 in the fourth quarter, according to SEC filings.

This move highlights increasing institutional interest in the company, which is also seen in other investors such as Federated Hermes Inc., Blue Trust Inc., AlphaQuest LLC, KLP Kapitalforvaltning AS, and US Bancorp DE all adding to their stakes.

Hedge funds and institutional investors collectively hold about 95.86% of F&G Annuities & Life's shares, emphasizing the firm's strong institutional backing. F&G Annuities & Life’s stock is currently trading around $35.83, with a market capitalization of about $4.83 billion. The company maintains a conservative leverage profile with a debt-to-equity ratio of 0.46 and has liquidity ratios indicating the current financial position.

The firm recently declared a quarterly dividend with an annualized yield of approximately 2.46%, reflecting its ongoing commitment to shareholder returns. Equity analysts maintain a generally neutral outlook on the company’s shares, with price targets adjusted in recent months but investment ratings mostly steady at “equal weight.”

Insider purchasing activity has been notable, with senior executives increasing their holdings, signaling confidence in the company’s prospects. F&G Annuities & Life specializes in fixed annuity and life insurance products, focusing on retirement planning and wealth transfer, and is headquartered in Des Moines, Iowa. The increase in institutional interest and insider buying could impact market perception, signaling stability and potential growth opportunities for investors in the insurance and annuities sector.