F&G Annuities & Life, Inc. (NYSE:FG) CEO Acquires $308,000.00 in Stock

F&G Annuities & Life, Inc. (NYSE:FG) CEO Christopher O. Blunt bought 10,000 shares of the business’s stock in a transaction on Friday, May 9th. The stock was bought at an average price of $30.80 per share, for a total transaction of $308,000.00. Following the purchase, the chief executive officer now directly owns 859,860 shares of the company’s stock, valued at $26,483,688. The trade was 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 the SEC website.

F&G Annuities & Life Stock Down 1.4 %

FG stock opened at $30.29 on Friday. The stock has a market capitalization of $4.08 billion, a PE ratio of 6.25 and a beta of 1.84. F&G Annuities & Life, Inc. has a 52 week low of $30.10 and a 52 week high of $50.75. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average of $36.30 and a 200 day moving average of $41.29.

F&G Annuities & Life (NYSE:FG) last posted 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 return on equity of 14.14% and a net margin of 11.12%. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $1.46 billion. Sell-side analysts forecast 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 declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.88 annualized dividend and a yield of 2.91%. F&G Annuities & Life’s payout ratio is presently 23.34%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on FG shares. Stephens restated 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 cut their price target 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.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Fidelity National Financial Inc. boosted its position in F&G Annuities & Life by 4.2% in the first quarter. Fidelity National Financial Inc. now owns 110,942,551 shares of the company’s stock valued at $3,999,479,000 after buying an additional 4,500,000 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of F&G Annuities & Life by 8.9% in the 1st quarter. Vanguard Group Inc. now owns 2,029,913 shares of the company’s stock valued at $73,178,000 after acquiring an additional 165,489 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in shares of F&G Annuities & Life in the fourth quarter worth $72,007,000. Dimensional Fund Advisors LP lifted its position in F&G Annuities & Life by 11.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 413,202 shares of the company’s stock valued at $17,123,000 after purchasing an additional 42,081 shares during the period. Finally, Norges Bank acquired a new stake in F&G Annuities & Life during the 4th quarter worth about $14,321,000. 95.86% of the stock is owned by institutional investors and hedge funds.

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.