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 acquired 10,000 shares of the stock in a transaction on Thursday, March 27th. The shares were bought at an average price of $35.96 per share, with a total value of $359,600.00. Following the purchase, the chief executive officer now directly owns 849,584 shares of the company’s stock, valued at $30,551,040.64. The trade was a 1.19 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

F&G Annuities & Life Stock Down 2.2 %

F&G Annuities & Life stock opened at $35.18 on Friday. F&G Annuities & Life, Inc. has a 12 month low of $34.08 and a 12 month high of $50.75. The stock has a fifty day simple moving average of $42.30 and a two-hundred day simple moving average of $43.04. 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 market cap of $4.46 billion, a price-to-earnings ratio of 7.25 and a beta of 1.72.

F&G Annuities & Life (NYSE:FG) last released its quarterly earnings data on Thursday, February 20th. The company reported $1.12 EPS for the quarter, missing the consensus estimate 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 business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.34 billion. Equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.22 per share. The ex-dividend date 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%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Stephens restated 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 price objective on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th.

Institutional Investors Weigh In On F&G Annuities & Life

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Federated Hermes Inc. raised its stake in F&G Annuities & Life by 476.6% during the 4th quarter. Federated Hermes Inc. now owns 888 shares of the company’s stock valued at $37,000 after buying an additional 734 shares during the last quarter. Blue Trust Inc. increased its position in F&G Annuities & Life by 59.6% during the fourth quarter. Blue Trust Inc. now owns 902 shares of the company’s stock valued at $40,000 after acquiring an additional 337 shares during the last quarter. BNP Paribas Financial Markets bought a new position in F&G Annuities & Life in the fourth quarter valued at about $114,000. AlphaQuest LLC lifted its holdings in 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 acquiring an additional 3,142 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in F&G Annuities & Life in the fourth quarter worth about $141,000. Hedge funds and other institutional investors own 95.86% of the company’s stock.

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.