F&G Annuities & Life (NYSE:FG) CEO Christopher Blunt Buys 10,000 Shares

F&G Annuities & Life, Inc. (NYSE:FG) CEO Christopher Blunt bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average price of $20.99 per share, for a total transaction of $209,900.00. Following the acquisition, the chief executive officer directly owned 1,107,128 shares in the company, valued at approximately $23,238,616.72. This trade represents a 0.91% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

F&G Annuities & Life Stock Performance

F&G Annuities & Life stock traded up $0.26 on Friday, reaching $20.95. 635,650 shares of the stock were exchanged, compared to its average volume of 747,798. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.45. F&G Annuities & Life, Inc. has a twelve month low of $20.57 and a twelve month high of $42.84. The firm has a fifty day moving average price of $26.69 and a two-hundred day moving average price of $30.16. The stock has a market cap of $2.84 billion, a PE ratio of 11.45 and a beta of 1.59.

F&G Annuities & Life (NYSE:FG) last announced its earnings results on Thursday, February 19th. The company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.43). The business had revenue of $739.00 million for the quarter, compared to the consensus estimate of $1.55 billion. F&G Annuities & Life had a net margin of 4.62% and a return on equity of 10.48%. Sell-side analysts anticipate 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 Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $0.25 dividend. The ex-dividend date 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 (DPR) is presently 54.64%.

Institutional Investors Weigh In On F&G Annuities & Life

Several large investors have recently modified their holdings of FG. Corient Private Wealth LLC lifted its position in shares of F&G Annuities & Life by 40.3% during the 4th quarter. Corient Private Wealth LLC now owns 9,028 shares of the company’s stock worth $279,000 after buying an additional 2,593 shares during the period. SHP Wealth Management bought a new stake in F&G Annuities & Life in the fourth quarter valued at $66,000. Hahn Capital Management LLC acquired a new position in F&G Annuities & Life during the fourth quarter worth $198,000. River Road Asset Management LLC bought a new position in shares of F&G Annuities & Life during the fourth quarter valued at $209,000. Finally, Invesco Ltd. lifted its holdings in shares of F&G Annuities & Life by 53.4% during the fourth quarter. Invesco Ltd. now owns 62,804 shares of the company’s stock valued at $1,938,000 after acquiring an additional 21,866 shares during the period. 95.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on FG shares. Zacks Research downgraded shares of F&G Annuities & Life from a “hold” rating to a “strong sell” rating in a report on Monday, February 23rd. Barclays set a $31.00 price objective on shares of F&G Annuities & Life in a research report on Thursday, January 8th. Wall Street Zen downgraded F&G Annuities & Life from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of F&G Annuities & Life in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $32.00.

F&G Annuities & Life Company Profile

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.