F&G Annuities & Life, Inc. (NYSE:FG) CEO Buys $469,650.00 in Stock

F&G Annuities & Life, Inc. (NYSE:FG) CEO Christopher O. Blunt purchased 15,000 shares of F&G Annuities & Life stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average price of $31.31 per share, with a total value of $469,650.00. Following the acquisition, the chief executive officer now directly owns 874,964 shares of the company’s stock, valued at $27,395,122.84. This trade represents a 1.74% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

F&G Annuities & Life Trading Down 1.0%

Shares of FG stock opened at $31.11 on Wednesday. The firm has a 50 day moving average price of $35.90 and a two-hundred day moving average price of $41.15. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $4.19 billion, a PE ratio of 6.41 and a beta of 1.84. F&G Annuities & Life, Inc. has a 12-month low of $30.10 and a 12-month high of $50.75.

F&G Annuities & Life (NYSE:FG) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.47). The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $1.46 billion. F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. As a group, analysts predict that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current year.

F&G Annuities & Life Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, June 16th. This represents a $0.88 annualized dividend and a yield of 2.83%. F&G Annuities & Life’s dividend payout ratio (DPR) is presently 23.34%.

Institutional Investors Weigh In On F&G Annuities & Life

Hedge funds have recently bought and sold shares of the stock. Federated Hermes Inc. lifted its position in F&G Annuities & Life by 476.6% during the fourth quarter. Federated Hermes Inc. now owns 888 shares of the company’s stock worth $37,000 after acquiring an additional 734 shares during the last quarter. Blue Trust Inc. raised its position in shares of F&G Annuities & Life by 59.6% in the fourth quarter. Blue Trust Inc. now owns 902 shares of the company’s stock valued at $40,000 after buying an additional 337 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of F&G Annuities & Life in the fourth quarter valued at approximately $114,000. AlphaQuest LLC raised its position 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 valued at $130,000 after buying an additional 3,142 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of F&G Annuities & Life in the fourth quarter valued at approximately $141,000. 95.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on FG. Stephens reiterated 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 reduced their price target on F&G Annuities & Life from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, May 8th.

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.