Christopher O. Blunt Buys 10,000 Shares of F&G Annuities & Life, Inc. (NYSE:FG) Stock

F&G Annuities & Life, Inc. (NYSE:FG) CEO Christopher O. Blunt bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The shares were bought at an average cost of $35.96 per share, for a total transaction of $359,600.00. Following the completion of the purchase, the chief executive officer now owns 849,584 shares of the company’s stock, valued at $30,551,040.64. This represents a 1.19 % 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 Stock Performance

Shares of FG stock opened at $35.18 on Friday. 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 has a fifty day simple moving average of $42.30 and a two-hundred day simple moving average of $43.06. F&G Annuities & Life, Inc. has a 12 month low of $34.08 and a 12 month high of $50.75. The firm has a market capitalization of $4.46 billion, a PE ratio of 7.25 and a beta of 1.72.

F&G Annuities & Life (NYSE:FG) last posted its earnings results on Thursday, February 20th. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.13). The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.34 billion. F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. Analysts forecast that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.88 annualized dividend and a dividend yield of 2.50%. F&G Annuities & Life’s payout ratio is 18.14%.

Institutional Investors Weigh In On F&G Annuities & Life

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its stake in F&G Annuities & Life by 63.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 45,952 shares of the company’s stock valued at $2,055,000 after buying an additional 17,845 shares during the last quarter. Barclays PLC increased its position in shares of F&G Annuities & Life by 527.8% during the third quarter. Barclays PLC now owns 42,524 shares of the company’s stock valued at $1,902,000 after acquiring an additional 35,750 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in F&G Annuities & Life by 23.1% during the third quarter. Principal Financial Group Inc. now owns 120,336 shares of the company’s stock worth $5,381,000 after acquiring an additional 22,550 shares during the period. Point72 Asset Management L.P. purchased a new position in F&G Annuities & Life in the third quarter worth $521,000. Finally, Kelly Financial Group LLC bought a new position in F&G Annuities & Life in the 4th quarter valued at $4,144,000. 95.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.