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 acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, March 25th. The shares were bought at an average cost of $35.65 per share, with a total value of $356,500.00. Following the transaction, the chief executive officer now directly owns 839,584 shares of the company’s stock, valued at $29,931,169.60. The trade was a 1.21 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

F&G Annuities & Life Price Performance

F&G Annuities & Life stock opened at $35.12 on Wednesday. The business has a 50 day simple moving average of $42.75 and a 200 day simple moving average of $43.18. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.25 and a quick ratio of 0.25. The company has a market capitalization of $4.45 billion, a PE ratio of 7.24 and a beta of 1.72. F&G Annuities & Life, Inc. has a one year low of $34.08 and a one year high of $50.75.

F&G Annuities & Life (NYSE:FG) last issued its quarterly earnings data 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 net margin of 11.12% and a return on equity of 14.14%. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.34 billion. On average, sell-side analysts forecast that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid 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 2.51%. F&G Annuities & Life’s dividend payout ratio is 18.14%.

Institutional Trading of F&G Annuities & Life

Several hedge funds have recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in shares of F&G Annuities & Life by 59.6% in the 4th quarter. Blue Trust Inc. now owns 902 shares of the company’s stock worth $40,000 after acquiring an additional 337 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in F&G Annuities & Life by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,583 shares of the company’s stock valued at $439,000 after purchasing an additional 386 shares during the last quarter. Rhumbline Advisers boosted its stake in F&G Annuities & Life by 1.6% in the fourth quarter. Rhumbline Advisers now owns 29,633 shares of the company’s stock worth $1,228,000 after purchasing an additional 469 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of F&G Annuities & Life by 476.6% during the fourth quarter. Federated Hermes Inc. now owns 888 shares of the company’s stock worth $37,000 after purchasing an additional 734 shares during the last quarter. Finally, Capital Advisors Wealth Management LLC increased its stake in shares of F&G Annuities & Life by 5.0% in the fourth quarter. Capital Advisors Wealth Management LLC now owns 20,319 shares of the company’s stock valued at $842,000 after buying an additional 964 shares in the last quarter. Institutional investors and hedge funds own 95.86% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on FG. Stephens reiterated an “equal weight” rating and set a $47.00 price target on shares of F&G Annuities & Life in a research note on Monday, February 24th. Barclays upped their target price on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th.

About F&G Annuities & Life

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.