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 business’s stock in a transaction dated Tuesday, March 25th. The stock was purchased at an average cost of $35.24 per share, for a total transaction of $105,720.00. Following the completion of the acquisition, the director now directly owns 20,875 shares of the company’s stock, valued at approximately $735,635. This trade represents a 16.78 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

F&G Annuities & Life Stock Performance

Shares of FG traded up $0.65 during mid-day trading on Wednesday, reaching $35.75. The company had a trading volume of 525,536 shares, compared to its average volume of 94,600. The stock has a 50 day moving average of $42.75 and a two-hundred day moving average of $43.18. 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 stock has a market capitalization of $4.53 billion, a P/E ratio of 7.37 and a beta of 1.72. F&G Annuities & Life, Inc. has a 52-week low of $34.08 and a 52-week high of $50.75.

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

F&G Annuities & Life Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.22 dividend. 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 payout ratio is 18.14%.

Institutional Investors Weigh In On F&G Annuities & Life

Hedge funds have recently modified their holdings of the company. Castlekeep Investment Advisors LLC purchased a new position in shares of F&G Annuities & Life in the 4th quarter valued at about $72,007,000. State Street Corp grew its holdings in F&G Annuities & Life by 1.2% in the third quarter. State Street Corp now owns 413,210 shares of the company’s stock valued at $18,479,000 after purchasing an additional 4,910 shares during the period. Dimensional Fund Advisors LP increased its position in shares of F&G Annuities & Life by 11.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 413,202 shares of the company’s stock valued at $17,123,000 after buying an additional 42,081 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of F&G Annuities & Life by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 405,047 shares of the company’s stock worth $18,117,000 after buying an additional 3,453 shares during the period. Finally, Norges Bank acquired a new position in shares of F&G Annuities & Life during the 4th quarter worth approximately $14,321,000. 95.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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