Christopher O. Blunt Acquires 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 firm’s stock in a transaction that occurred on Tuesday, March 25th. The stock was purchased at an average cost of $35.65 per share, with a total value of $356,500.00. Following the completion of the purchase, the chief executive officer now directly owns 839,584 shares of the company’s stock, valued at $29,931,169.60. This represents a 1.21 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

F&G Annuities & Life Price Performance

Shares of F&G Annuities & Life stock traded up $0.42 during midday trading on Tuesday, hitting $35.12. 848,355 shares of the company traded hands, compared to its average volume of 89,929. The firm’s fifty day moving average price is $42.87 and its 200-day moving average price is $43.21. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 7.24 and a beta of 1.72. F&G Annuities & Life, Inc. has a 12 month low of $34.08 and a 12 month high of $50.75. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.25 and a current ratio of 0.25.

F&G Annuities & Life (NYSE:FG) last issued its quarterly earnings results 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). The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.34 billion. F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. As a group, sell-side analysts forecast 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 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 is Monday, March 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.51%. F&G Annuities & Life’s payout ratio is presently 18.14%.

Analyst Ratings Changes

Several brokerages have issued reports on FG. Stephens reaffirmed 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 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 research note on Monday, January 6th.

Institutional Investors Weigh In On F&G Annuities & Life

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