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

F&G Annuities & Life, Inc. (NYSE:FG) CEO Christopher O. Blunt acquired 10,000 shares of the company’s stock in a transaction on Thursday, March 27th. The shares were acquired at an average cost of $35.96 per share, for a total transaction of $359,600.00. Following the completion of the acquisition, the chief executive officer now owns 849,584 shares of the company’s stock, valued at approximately $30,551,040.64. The trade was a 1.19 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

F&G Annuities & Life Price Performance

FG stock traded up $0.21 during mid-day trading on Thursday, reaching $36.00. 340,726 shares of the company traded hands, compared to its average volume of 95,895. The company has a fifty day moving average price of $42.47 and a 200-day moving average price of $43.08. F&G Annuities & Life, Inc. has a 52-week low of $34.08 and a 52-week high of $50.75. The company has a market capitalization of $4.56 billion, a P/E ratio of 7.42 and a beta of 1.72. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.25 and a quick ratio of 0.25.

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 analysts’ consensus estimates of $1.25 by ($0.13). The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate 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, analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current year.

F&G Annuities & Life Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 annualized dividend and a dividend yield of 2.44%. F&G Annuities & Life’s payout ratio is currently 18.14%.

Wall Street Analyst Weigh In

FG has been the topic of several research reports. Barclays boosted their price target on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Stephens restated an “equal weight” rating and set a $47.00 target price on shares of F&G Annuities & Life in a research report on Monday, February 24th.

Institutional Investors Weigh In On F&G Annuities & Life

Several large investors have recently added to or reduced their stakes in FG. Charles Schwab Investment Management Inc. increased its holdings in shares of F&G Annuities & Life by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 201,582 shares of the company’s stock worth $9,015,000 after buying an additional 10,584 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in F&G Annuities & Life in the third quarter worth $381,000. Hotchkis & Wiley Capital Management LLC bought a new position in F&G Annuities & Life in the third quarter valued at $6,369,000. Point72 Asset Management L.P. bought a new stake in F&G Annuities & Life during the third quarter worth about $521,000. Finally, State Street Corp boosted its holdings in shares of F&G Annuities & Life by 1.2% in the 3rd quarter. State Street Corp now owns 413,210 shares of the company’s stock worth $18,479,000 after purchasing an additional 4,910 shares in the last quarter. 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.