F&G Annuities & Life, Inc. (NYSE:FG) CEO Buys $359,600.00 in Stock

F&G Annuities & Life, Inc. (NYSE:FG) CEO Christopher O. Blunt acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The shares were acquired at an average price of $35.96 per share, with a total value of $359,600.00. Following the completion of the transaction, the chief executive officer now owns 849,584 shares in the company, valued at $30,551,040.64. The trade was a 1.19 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

F&G Annuities & Life Trading Down 2.2 %

Shares of NYSE FG opened at $35.18 on Friday. The firm has a 50 day moving average price of $42.30 and a two-hundred day moving average price of $43.06. The stock has a market cap of $4.46 billion, a P/E ratio of 7.25 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. 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 (NYSE:FG) last posted 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 company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.34 billion. F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. As a group, equities analysts forecast that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.

F&G Annuities & Life Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.50%. F&G Annuities & Life’s dividend payout ratio (DPR) is 18.14%.

Analysts Set New Price Targets

FG has been the topic of several research reports. Stephens reaffirmed an “equal weight” rating and set a $47.00 price target on shares of F&G Annuities & Life in a report on Monday, February 24th. Barclays boosted their target price on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th.

Hedge Funds Weigh In On F&G Annuities & Life

A number of hedge funds and other institutional investors have recently made changes to their positions in FG. Castlekeep Investment Advisors LLC bought a new position in F&G Annuities & Life during the 4th quarter worth approximately $72,007,000. State Street Corp increased its position in shares of F&G Annuities & Life by 1.2% during the third quarter. State Street Corp now owns 413,210 shares of the company’s stock worth $18,479,000 after buying an additional 4,910 shares during the period. Dimensional Fund Advisors LP raised its stake 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 worth $17,123,000 after buying an additional 42,081 shares during the last quarter. Geode Capital Management LLC lifted its holdings in F&G Annuities & Life by 0.9% in the third quarter. Geode Capital Management LLC now owns 405,047 shares of the company’s stock valued at $18,117,000 after buying an additional 3,453 shares during the period. Finally, Norges Bank bought a new stake in F&G Annuities & Life during the fourth quarter valued at $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.