F&G Annuities & Life, Inc. (NYSE:FG) Director Acquires $105,720.00 in Stock

F&G Annuities & Life, Inc. (NYSE:FG) Director Celina J. Wang Doka acquired 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The shares were purchased at an average cost of $35.24 per share, for a total transaction of $105,720.00. Following the completion of the transaction, the director now directly owns 20,875 shares in the company, valued at $735,635. The trade was a 16.78 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

F&G Annuities & Life Price Performance

FG opened at $36.00 on Friday. The company’s 50-day simple moving average is $42.47 and its two-hundred day simple moving average is $43.08. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a market capitalization of $4.56 billion, a P/E ratio of 7.42 and a beta of 1.72. F&G Annuities & Life, Inc. has a 52-week low of $34.08 and a 52-week high of $50.75.

F&G Annuities & Life (NYSE:FG) last issued its earnings results on Thursday, February 20th. The company reported $1.12 earnings per share (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 company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.34 billion. As a group, analysts predict that F&G Annuities & Life, Inc. will post 5.54 EPS 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. Investors of record on Monday, March 17th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Monday, March 17th. F&G Annuities & Life’s payout ratio is currently 18.14%.

Institutional Trading of F&G Annuities & Life

A number of hedge funds have recently bought and sold shares of the company. Federated Hermes Inc. boosted its position in F&G Annuities & Life by 476.6% in 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. Blue Trust Inc. boosted its holdings in shares of F&G Annuities & Life by 59.6% in the fourth quarter. Blue Trust Inc. now owns 902 shares of the company’s stock worth $40,000 after buying an additional 337 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in F&G Annuities & Life during the fourth quarter valued at approximately $114,000. Ameriflex Group Inc. purchased a new stake in F&G Annuities & Life during the fourth quarter valued at approximately $144,000. Finally, AlphaQuest LLC raised its position in F&G Annuities & Life by 314,200.0% in the fourth quarter. AlphaQuest LLC now owns 3,143 shares of the company’s stock worth $130,000 after acquiring an additional 3,142 shares during the period. Hedge funds and other institutional investors own 95.86% of the company’s stock.

Analysts Set New Price Targets

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

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.