Michael L. Gravelle Acquires 7,000 Shares of F&G Annuities & Life, Inc. (NYSE:FG) Stock

F&G Annuities & Life, Inc. (NYSE:FG) EVP Michael L. Gravelle purchased 7,000 shares of the firm’s stock in a transaction dated Thursday, March 27th. The stock was purchased at an average cost of $36.00 per share, for a total transaction of $252,000.00. Following the acquisition, the executive vice president now owns 33,540 shares of the company’s stock, valued at approximately $1,207,440. This trade represents a 26.38 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

F&G Annuities & Life Trading Up 1.3 %

FG traded up $0.46 on Monday, hitting $35.67. 44,731 shares of the company were exchanged, compared to its average volume of 176,085. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.25 and a current ratio of 0.25. F&G Annuities & Life, Inc. has a 12 month low of $34.08 and a 12 month high of $50.75. The stock has a market capitalization of $4.52 billion, a PE ratio of 7.36 and a beta of 1.72. The firm has a fifty day simple moving average of $42.30 and a two-hundred day simple moving average of $43.08.

F&G Annuities & Life (NYSE:FG) last issued its quarterly earnings data on Thursday, February 20th. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.13). The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.34 billion. F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. Sell-side analysts expect that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current year.

F&G Annuities & Life Dividend Announcement

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 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 2.47%. F&G Annuities & Life’s payout ratio is 18.14%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. lifted its stake in shares of F&G Annuities & Life by 476.6% in the 4th quarter. Federated Hermes Inc. now owns 888 shares of the company’s stock valued at $37,000 after purchasing an additional 734 shares during the period. Blue Trust Inc. lifted its position in F&G Annuities & Life by 59.6% during the fourth quarter. Blue Trust Inc. now owns 902 shares of the company’s stock valued at $40,000 after buying an additional 337 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of F&G Annuities & Life during the 4th quarter valued at $114,000. AlphaQuest LLC boosted its holdings in shares of F&G Annuities & Life by 314,200.0% during the 4th quarter. AlphaQuest LLC now owns 3,143 shares of the company’s stock valued at $130,000 after buying an additional 3,142 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of F&G Annuities & Life in the 4th quarter worth about $141,000. Hedge funds and other institutional investors own 95.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on FG. Stephens restated an “equal weight” rating and set a $47.00 target price on shares of F&G Annuities & Life in a research report on Monday, February 24th. Barclays upped their price objective on 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.