F&G Annuities & Life (NYSE:FG) CEO Christopher Blunt Purchases 5,000 Shares

F&G Annuities & Life, Inc. (NYSE:FG) CEO Christopher Blunt bought 5,000 shares of the company’s stock in a transaction on Wednesday, November 19th. The shares were acquired at an average price of $29.88 per share, with a total value of $149,400.00. Following the transaction, the chief executive officer directly owned 1,146,419 shares in the company, valued at approximately $34,254,999.72. The trade was a 0.44% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

F&G Annuities & Life Trading Up 2.8%

NYSE:FG traded up $0.86 during mid-day trading on Thursday, hitting $31.11. The company had a trading volume of 13,312 shares, compared to its average volume of 211,520. The firm has a market cap of $4.19 billion, a P/E ratio of 9.12 and a beta of 1.48. F&G Annuities & Life, Inc. has a fifty-two week low of $28.70 and a fifty-two week high of $50.75. The business’s fifty day moving average is $31.02 and its two-hundred day moving average is $32.08. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.27 and a current ratio of 0.27.

F&G Annuities & Life (NYSE:FG) last issued its quarterly earnings data on Tuesday, October 3rd. The company reported $1.45 earnings per share (EPS) for the quarter. The business had revenue of $496.00 million during the quarter. F&G Annuities & Life had a return on equity of 11.41% and a net margin of 8.40%. As a group, research analysts expect that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current year.

F&G Annuities & Life Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, December 17th. This is a boost from F&G Annuities & Life’s previous quarterly dividend of $0.22. F&G Annuities & Life’s dividend payout ratio (DPR) is currently 25.81%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FG. Fidelity National Financial Inc. boosted its position in shares of F&G Annuities & Life by 4.2% in the first quarter. Fidelity National Financial Inc. now owns 110,942,551 shares of the company’s stock valued at $3,999,479,000 after acquiring an additional 4,500,000 shares during the period. Wellington Management Group LLP bought a new stake in F&G Annuities & Life in the 1st quarter valued at about $1,527,000. American Century Companies Inc. grew its position in shares of F&G Annuities & Life by 26.6% during the 1st quarter. American Century Companies Inc. now owns 296,101 shares of the company’s stock worth $10,674,000 after purchasing an additional 62,201 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of F&G Annuities & Life by 12.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 227,072 shares of the company’s stock valued at $8,186,000 after buying an additional 25,570 shares in the last quarter. Finally, Seven Grand Managers LLC acquired a new stake in shares of F&G Annuities & Life during the 1st quarter worth $9,012,000. 95.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FG has been the topic of several recent research reports. Piper Sandler set a $33.00 price target on F&G Annuities & Life in a research note on Tuesday, October 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of F&G Annuities & Life in a research report on Monday. Wall Street Zen upgraded F&G Annuities & Life from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Zacks Research raised shares of F&G Annuities & Life from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Finally, Barclays cut their price objective on shares of F&G Annuities & Life from $40.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, F&G Annuities & Life has an average rating of “Moderate Buy” and a consensus price target of $38.33.

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.