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

F&G Annuities & Life, Inc. (NYSE:FG) CEO Christopher O. Blunt acquired 10,000 shares of the firm’s stock in a transaction dated Friday, May 9th. The shares were purchased at an average cost of $30.80 per share, for a total transaction of $308,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 859,860 shares in the company, valued at approximately $26,483,688. This represents a 1.18 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

F&G Annuities & Life Price Performance

Shares of F&G Annuities & Life stock opened at $30.29 on Friday. 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 50 day moving average price of $36.30 and a 200-day moving average price of $41.29. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 6.25 and a beta of 1.84. F&G Annuities & Life, Inc. has a one year low of $30.10 and a one year high of $50.75.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.47). F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $1.46 billion. Equities analysts expect that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.

F&G Annuities & Life Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.88 dividend on an annualized basis and a yield of 2.91%. F&G Annuities & Life’s payout ratio is 23.34%.

Hedge Funds Weigh In On F&G Annuities & Life

Hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC boosted its holdings in shares of F&G Annuities & Life by 527.8% in the third quarter. Barclays PLC now owns 42,524 shares of the company’s stock valued at $1,902,000 after purchasing an additional 35,750 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of F&G Annuities & Life by 63.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 45,952 shares of the company’s stock worth $2,055,000 after buying an additional 17,845 shares during the period. Capital Advisors Wealth Management LLC grew its position in shares of F&G Annuities & Life by 5.0% during the 4th quarter. Capital Advisors Wealth Management LLC now owns 20,319 shares of the company’s stock worth $842,000 after buying an additional 964 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of F&G Annuities & Life by 45.6% during the fourth quarter. SG Americas Securities LLC now owns 5,516 shares of the company’s stock valued at $229,000 after buying an additional 1,728 shares during the period. Finally, Crescent Grove Advisors LLC raised its holdings in shares of F&G Annuities & Life by 22.7% in the fourth quarter. Crescent Grove Advisors LLC now owns 30,479 shares of the company’s stock valued at $1,263,000 after acquiring an additional 5,642 shares in the last quarter. 95.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FG has been the topic of several research reports. Stephens restated an “equal weight” rating and issued a $47.00 price target on shares of F&G Annuities & Life in a research report on Monday, February 24th. Barclays reduced their target price on shares of F&G Annuities & Life from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday.

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.