F&G Annuities & Life, Inc. (NYSE:FG) CEO Purchases $160,550.00 in Stock

F&G Annuities & Life, Inc. (NYSE:FG) CEO Christopher O. Blunt purchased 5,000 shares of the company’s stock in a transaction on Friday, May 16th. The stock was acquired at an average price of $32.11 per share, with a total value of $160,550.00. Following the purchase, the chief executive officer now owns 894,964 shares of the company’s stock, valued at approximately $28,737,294.04. This represents a 0.56% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

F&G Annuities & Life Price Performance

F&G Annuities & Life stock opened at $31.97 on Monday. The stock has a market cap of $4.31 billion, a P/E ratio of 6.59 and a beta of 1.84. The company has a fifty day simple moving average of $35.37 and a 200-day simple moving average of $40.93. F&G Annuities & Life, Inc. has a 12-month low of $30.10 and a 12-month high of $50.75. 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 released 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 analysts’ expectations of $1.46 billion. F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. Equities analysts expect that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.88 annualized dividend and a dividend yield of 2.75%. F&G Annuities & Life’s dividend payout ratio (DPR) is currently 23.34%.

Institutional Investors Weigh In On F&G Annuities & Life

Several institutional investors have recently modified their holdings of the company. Federated Hermes Inc. lifted its position in F&G Annuities & Life by 476.6% in the fourth quarter. Federated Hermes Inc. now owns 888 shares of the company’s stock valued at $37,000 after acquiring an additional 734 shares during the last quarter. Blue Trust Inc. lifted its position in F&G Annuities & Life by 59.6% in 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. Quarry LP purchased a new stake in F&G Annuities & Life in the first quarter valued at $44,000. Cubist Systematic Strategies LLC purchased a new stake in F&G Annuities & Life in the first quarter valued at $89,000. Finally, State of Wyoming purchased a new stake in F&G Annuities & Life in the first quarter valued at $96,000. 95.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FG has been the subject of several research reports. Stephens restated an “equal weight” rating and issued a $47.00 price target on shares of F&G Annuities & Life in a research note on Monday, February 24th. Barclays dropped 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 research note on Thursday, May 8th.

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.