National Financial I. Fidelity Buys 4,500,000 Shares of F&G Annuities & Life, Inc. (NYSE:FG) Stock
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National Financial I. Fidelity acquired 4,500,000 shares of F&G Annuities & Life, Inc. (NYSE:FG) at $33.60 per share, totaling $151.2 million, increasing its ownership by 4.25%. Post-transaction, Fidelity holds 110,483,243 shares valued at approximately $3.71 billion. F&G's stock opened at $35.99, with a market cap of $4.56 billion. The company reported a quarterly EPS of $1.12, missing estimates, and declared a quarterly dividend of $0.22 per share. Institutional investors own 95.86% of F&G's stock, with Barclays raising the target price to $47.00.
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