Insider Buying: F&G Annuities & Life, Inc. (NYSE:FG) Director Acquires 3,000 Shares of Stock

F&G Annuities & Life, Inc. (NYSE:FG) Director Celina J. Wang Doka acquired 3,000 shares of the stock in a transaction dated Tuesday, March 25th. The stock was purchased at an average cost of $35.24 per share, with a total value of $105,720.00. Following the purchase, the director now directly owns 20,875 shares of the company’s stock, valued at $735,635. This trade represents a 16.78 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

F&G Annuities & Life Stock Up 1.8 %

F&G Annuities & Life stock opened at $35.75 on Thursday. F&G Annuities & Life, Inc. has a 1-year low of $34.08 and a 1-year high of $50.75. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 7.37 and a beta of 1.72. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.46. The firm’s fifty day moving average price is $42.61 and its two-hundred day moving average price is $43.13.

F&G Annuities & Life (NYSE:FG) last issued its quarterly earnings data on Thursday, February 20th. The company reported $1.12 earnings per share 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 company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.34 billion. On average, equities research analysts predict that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.46%. F&G Annuities & Life’s dividend payout ratio (DPR) is currently 18.14%.

Wall Street Analyst Weigh In

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

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. Ameriflex Group Inc. purchased a new position in F&G Annuities & Life in the fourth quarter valued at approximately $144,000. Mackenzie Financial Corp purchased a new stake in F&G Annuities & Life during the 4th quarter worth about $210,000. Castlekeep Investment Advisors LLC bought a new position in shares of F&G Annuities & Life in the fourth quarter valued at approximately $1,717,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in F&G Annuities & Life by 16.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 50,056 shares of the company’s stock valued at $2,074,000 after purchasing an additional 7,076 shares during the period. Finally, Point72 Asset Management L.P. boosted its stake in F&G Annuities & Life by 60.6% during the fourth quarter. Point72 Asset Management L.P. now owns 18,713 shares of the company’s stock valued at $775,000 after buying an additional 7,063 shares during the period. 95.86% of the stock is owned by hedge funds and other institutional investors.

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.