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 company’s stock in a transaction on Tuesday, March 25th. The shares were acquired at an average price of $35.65 per share, for a total transaction of $356,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 839,584 shares in the company, valued at $29,931,169.60. The trade was a 1.21 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

F&G Annuities & Life Price Performance

NYSE FG opened at $35.12 on Wednesday. F&G Annuities & Life, Inc. has a 1 year low of $34.08 and a 1 year high of $50.75. The business’s fifty day moving average is $42.75 and its two-hundred day moving average is $43.18. The stock has a market capitalization of $4.45 billion, a P/E ratio of 7.24 and a beta of 1.72. 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 announced its earnings results on Thursday, February 20th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $1.34 billion. On average, research analysts forecast 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.22 per share. The ex-dividend date is Monday, March 17th. This represents a $0.88 annualized dividend and a dividend yield of 2.51%. F&G Annuities & Life’s dividend payout ratio is 18.14%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Stephens reissued an “equal weight” rating and issued a $47.00 price objective on shares of F&G Annuities & Life in a report on Monday, February 24th. Barclays boosted their price target on F&G Annuities & Life from $46.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday, January 6th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Federated Hermes Inc. increased its holdings in shares of F&G Annuities & Life by 476.6% during the 4th quarter. Federated Hermes Inc. now owns 888 shares of the company’s stock valued at $37,000 after acquiring an additional 734 shares during the last quarter. Blue Trust Inc. boosted its position in F&G Annuities & Life by 59.6% during the fourth quarter. Blue Trust Inc. now owns 902 shares of the company’s stock worth $40,000 after purchasing an additional 337 shares during the period. BNP Paribas Financial Markets acquired a new position in F&G Annuities & Life during the fourth quarter valued at approximately $114,000. Ameriflex Group Inc. bought a new position in shares of F&G Annuities & Life in the fourth quarter valued at approximately $144,000. Finally, AlphaQuest LLC lifted its stake in shares of F&G Annuities & Life by 314,200.0% in the fourth quarter. AlphaQuest LLC now owns 3,143 shares of the company’s stock worth $130,000 after buying an additional 3,142 shares during the last quarter. 95.86% of the stock is owned by institutional investors and hedge funds.

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.