Insider Buying: F&G Annuities & Life (NYSE:FG) Director Buys 4,760 Shares of Stock

F&G Annuities & Life, Inc. (NYSE:FG) Director Celina Wang Doka purchased 4,760 shares of the stock in a transaction dated Friday, March 13th. The shares were acquired at an average cost of $20.98 per share, with a total value of $99,864.80. Following the acquisition, the director directly owned 32,071 shares in the company, valued at $672,849.58. This represents a 17.43% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

F&G Annuities & Life Price Performance

FG stock traded up $0.26 during trading on Friday, reaching $20.95. 635,986 shares of the company were exchanged, compared to its average volume of 572,174. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 11.45 and a beta of 1.59. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.26 and a quick ratio of 0.26. The company has a 50-day moving average of $26.51 and a two-hundred day moving average of $30.07. F&G Annuities & Life, Inc. has a twelve month low of $20.57 and a twelve month high of $42.84.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.43). F&G Annuities & Life had a net margin of 4.62% and a return on equity of 10.48%. The firm had revenue of $739.00 million for the quarter, compared to analyst estimates of $1.55 billion. As a group, equities analysts predict that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current fiscal year.

F&G Annuities & Life Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $1.00 annualized dividend and a dividend yield of 4.8%. F&G Annuities & Life’s dividend payout ratio is presently 54.64%.

Wall Street Analyst Weigh In

FG has been the topic of a number of recent analyst reports. Zacks Research lowered F&G Annuities & Life from a “hold” rating to a “strong sell” rating in a research note on Monday, February 23rd. Barclays set a $31.00 target price on shares of F&G Annuities & Life in a research report on Thursday, January 8th. Wall Street Zen downgraded shares of F&G Annuities & Life from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of F&G Annuities & Life in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, F&G Annuities & Life presently has a consensus rating of “Reduce” and an average price target of $32.00.

Institutional Trading of F&G Annuities & Life

Large investors have recently modified their holdings of the stock. Elevated Capital Advisors LLC acquired a new position in shares of F&G Annuities & Life during the 4th quarter valued at $27,000. Hantz Financial Services Inc. grew its holdings in F&G Annuities & Life by 29,066.7% in the fourth quarter. Hantz Financial Services Inc. now owns 875 shares of the company’s stock worth $27,000 after purchasing an additional 872 shares during the period. Harbor Capital Advisors Inc. increased its stake in F&G Annuities & Life by 474.5% in the third quarter. Harbor Capital Advisors Inc. now owns 902 shares of the company’s stock valued at $28,000 after purchasing an additional 745 shares in the last quarter. GAMMA Investing LLC increased its stake in F&G Annuities & Life by 432.6% in the fourth quarter. GAMMA Investing LLC now owns 932 shares of the company’s stock valued at $29,000 after purchasing an additional 757 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in shares of F&G Annuities & Life by 36,166.7% during the fourth quarter. Quadrant Capital Group LLC now owns 1,088 shares of the company’s stock valued at $34,000 after purchasing an additional 1,085 shares during the period. Institutional investors and hedge funds own 95.86% of the company’s stock.

About F&G Annuities & Life

F&G Annuities & Life is the principal life insurance and annuity subsidiary of F&G Financial Group, Inc (NYSE: FG), a publicly traded financial services holding company headquartered in Des Moines, Iowa. The company focuses on designing and issuing retirement income solutions that address longevity risk, capital preservation, and wealth transfer for individual and institutional clients.

Its product suite includes fixed indexed annuities, which offer the potential for market-linked growth with downside protection; fixed-rate annuities, delivering guaranteed interest over a defined term; and a range of life insurance policies such as term, universal, and variable universal life.