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 bought 10,000 shares of the stock in a transaction on Thursday, March 27th. The shares were acquired at an average cost of $35.96 per share, for a total transaction of $359,600.00. Following the completion of the transaction, the chief executive officer now directly owns 849,584 shares of the company’s stock, valued at approximately $30,551,040.64. The trade was a 1.19 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

F&G Annuities & Life Stock Performance

FG stock opened at $36.00 on Friday. F&G Annuities & Life, Inc. has a 1-year low of $34.08 and a 1-year high of $50.75. The business’s 50-day moving average price is $42.47 and its two-hundred day moving average price is $43.08. The firm has a market cap of $4.56 billion, a PE ratio of 7.42 and a beta of 1.72. 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 earnings results on Thursday, February 20th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.34 billion. As a group, research analysts forecast that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current year.

F&G Annuities & Life Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 2.44%. F&G Annuities & Life’s dividend payout ratio is currently 18.14%.

Institutional Investors Weigh In On F&G Annuities & Life

A number of hedge funds and other institutional investors have recently bought and sold shares of FG. Charles Schwab Investment Management Inc. boosted its position in F&G Annuities & Life by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 201,582 shares of the company’s stock worth $9,015,000 after acquiring an additional 10,584 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of F&G Annuities & Life in the third quarter worth $381,000. Hotchkis & Wiley Capital Management LLC acquired a new position in F&G Annuities & Life during the third quarter worth $6,369,000. Point72 Asset Management L.P. bought a new position in F&G Annuities & Life in the third quarter valued at $521,000. Finally, State Street Corp increased its stake in F&G Annuities & Life by 1.2% in the 3rd quarter. State Street Corp now owns 413,210 shares of the company’s stock valued at $18,479,000 after buying an additional 4,910 shares during the last quarter. Institutional investors and hedge funds own 95.86% of the company’s stock.

Wall Street Analyst Weigh In

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

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.