F&G Annuities & Life, Inc. (NYSE:FG) EVP Michael L. Gravelle Acquires 7,000 Shares

F&G Annuities & Life, Inc. (NYSE:FG) EVP Michael L. Gravelle acquired 7,000 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was acquired at an average cost of $36.00 per share, for a total transaction of $252,000.00. Following the completion of the transaction, the executive vice president now directly owns 33,540 shares in the company, valued at $1,207,440. This represents a 26.38 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

F&G Annuities & Life Stock Performance

FG stock opened at $35.99 on Tuesday. 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, Inc. has a 1 year low of $34.08 and a 1 year high of $50.75. The company has a market cap of $4.56 billion, a P/E ratio of 7.42 and a beta of 1.72. The stock’s fifty day moving average price is $42.14 and its 200-day moving average price is $43.06.

F&G Annuities & Life (NYSE:FG) last announced its earnings results on Thursday, February 20th. The company reported $1.12 earnings per share (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 firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.34 billion. On average, equities 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 firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.22 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.88 annualized dividend and a yield of 2.45%. F&G Annuities & Life’s payout ratio is presently 18.14%.

Institutional Investors Weigh In On F&G Annuities & Life

A number of hedge funds have recently modified their holdings of the business. Federated Hermes Inc. lifted its position in F&G Annuities & Life by 476.6% during the fourth quarter. Federated Hermes Inc. now owns 888 shares of the company’s stock valued at $37,000 after purchasing an additional 734 shares in the last quarter. Blue Trust Inc. lifted its position in shares of F&G Annuities & Life by 59.6% during the 4th quarter. Blue Trust Inc. now owns 902 shares of the company’s stock valued at $40,000 after buying an additional 337 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of F&G Annuities & Life during the 4th quarter valued at approximately $114,000. AlphaQuest LLC increased its holdings in F&G Annuities & Life by 314,200.0% in the 4th quarter. AlphaQuest LLC now owns 3,143 shares of the company’s stock worth $130,000 after acquiring an additional 3,142 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in F&G Annuities & Life during the 4th quarter worth approximately $141,000. Institutional investors own 95.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently 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 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 report on Monday, January 6th.

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.