F&G Annuities & Life, Inc. (NYSE:FG) CEO Christopher O. Blunt Buys 10,000 Shares

F&G Annuities & Life, Inc. (NYSE:FG) CEO Christopher O. Blunt purchased 10,000 shares of the business’s stock in a transaction on Tuesday, March 25th. The stock was purchased at an average cost of $35.65 per share, with a total value of $356,500.00. Following the completion of the acquisition, the chief executive officer now owns 839,584 shares in the company, valued at approximately $29,931,169.60. This trade represents a 1.21 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

F&G Annuities & Life Price Performance

Shares of F&G Annuities & Life stock opened at $35.75 on Thursday. The business’s 50-day moving average price is $42.61 and its 200-day moving average price is $43.13. The firm has a market capitalization of $4.53 billion, a PE ratio of 7.37 and a beta of 1.72. F&G Annuities & Life, Inc. has a 12 month low of $34.08 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 posted its quarterly earnings results on Thursday, February 20th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.13). F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Sell-side analysts forecast that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, March 17th. This represents a $0.88 annualized dividend and a yield of 2.46%. F&G Annuities & Life’s payout ratio is 18.14%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on FG shares. Stephens reiterated an “equal weight” rating and issued a $47.00 price objective on shares of F&G Annuities & Life in a research report on Monday, February 24th. Barclays lifted their price target on F&G Annuities & Life from $46.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th.

Institutional Investors Weigh In On F&G Annuities & Life

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Castlekeep Investment Advisors LLC bought a new position in F&G Annuities & Life during the 4th quarter worth approximately $72,007,000. State Street Corp grew its holdings in shares of F&G Annuities & Life by 1.2% in the third quarter. State Street Corp now owns 413,210 shares of the company’s stock worth $18,479,000 after purchasing an additional 4,910 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of F&G Annuities & Life by 11.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 413,202 shares of the company’s stock worth $17,123,000 after buying an additional 42,081 shares during the period. Geode Capital Management LLC raised its holdings in F&G Annuities & Life by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 405,047 shares of the company’s stock valued at $18,117,000 after buying an additional 3,453 shares during the last quarter. Finally, Norges Bank purchased a new stake in F&G Annuities & Life during the 4th quarter valued at $14,321,000. Institutional investors own 95.86% of the company’s stock.

F&G Annuities & Life Company Profile

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.