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

F&G Annuities & Life, Inc. (NYSE:FG) CEO Christopher O. Blunt bought 10,000 shares of F&G Annuities & Life stock in a transaction dated Friday, May 9th. The stock was purchased at an average price of $30.80 per share, for a total transaction of $308,000.00. Following the purchase, the chief executive officer now directly owns 859,860 shares in the company, valued at $26,483,688. This represents a 1.18 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

F&G Annuities & Life Trading Down 1.4 %

FG opened at $30.29 on Friday. F&G Annuities & Life, Inc. has a 1-year low of $30.10 and a 1-year high of $50.75. The firm has a 50-day moving average price of $36.30 and a two-hundred day moving average price of $41.30. The stock has a market capitalization of $4.08 billion, a PE ratio of 6.25 and a beta of 1.84. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.46.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.47). The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $1.46 billion. F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. As a group, equities analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, June 16th. This represents a $0.88 dividend on an annualized basis and a yield of 2.91%. F&G Annuities & Life’s payout ratio is presently 23.34%.

Institutional Investors Weigh In On F&G Annuities & Life

Institutional investors have recently modified their holdings of the business. Barclays PLC grew its holdings in F&G Annuities & Life by 527.8% during the 3rd quarter. Barclays PLC now owns 42,524 shares of the company’s stock worth $1,902,000 after acquiring an additional 35,750 shares during the period. JPMorgan Chase & Co. boosted its position in shares of F&G Annuities & Life by 63.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 45,952 shares of the company’s stock worth $2,055,000 after purchasing an additional 17,845 shares during the last quarter. Capital Advisors Wealth Management LLC grew its stake in shares of F&G Annuities & Life by 5.0% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 20,319 shares of the company’s stock worth $842,000 after purchasing an additional 964 shares during the period. SG Americas Securities LLC grew its stake in shares of F&G Annuities & Life by 45.6% during the fourth quarter. SG Americas Securities LLC now owns 5,516 shares of the company’s stock worth $229,000 after purchasing an additional 1,728 shares during the period. Finally, Crescent Grove Advisors LLC lifted its stake in F&G Annuities & Life by 22.7% in the fourth quarter. Crescent Grove Advisors LLC now owns 30,479 shares of the company’s stock valued at $1,263,000 after buying an additional 5,642 shares during the period. Institutional investors and hedge funds own 95.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FG shares. Barclays cut their price target on shares of F&G Annuities & Life from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday. Stephens reiterated an “equal weight” rating and issued a $47.00 target price on shares of F&G Annuities & Life in a research note on Monday, February 24th.

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.