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 stock in a transaction on Thursday, March 27th. The shares were acquired at an average price of $35.96 per share, for a total transaction of $359,600.00. Following the acquisition, the chief executive officer now 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 position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

F&G Annuities & Life Stock Up 0.6 %

NYSE FG opened at $36.00 on Friday. The stock has a market cap of $4.56 billion, a PE ratio of 7.42 and a beta of 1.72. F&G Annuities & Life, Inc. has a 12 month low of $34.08 and a 12 month high of $50.75. The stock’s 50 day moving average is $42.47 and its 200 day moving average is $43.08. 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 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 firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Research analysts predict that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Announces Dividend

The firm also recently announced 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 2.44%. F&G Annuities & Life’s dividend payout ratio (DPR) is 18.14%.

Institutional Trading of F&G Annuities & Life

Several hedge funds have recently modified their holdings of FG. Castlekeep Investment Advisors LLC acquired a new position in F&G Annuities & Life during the fourth quarter worth about $72,007,000. Norges Bank purchased a new position in shares of F&G Annuities & Life in the fourth quarter valued at $14,321,000. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of F&G Annuities & Life in the third quarter worth about $6,369,000. Fisher Funds Management LTD bought a new position in F&G Annuities & Life during the 4th quarter valued at $5,421,000. Finally, Kelly Financial Group LLC acquired a new stake in shares of F&G Annuities & Life during the 4th quarter valued at approximately $4,144,000. 95.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Stephens reaffirmed an “equal weight” rating and issued a $47.00 price target on shares of F&G Annuities & Life in a report on Monday, February 24th. Barclays boosted 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.

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.