Celina J. Wang Doka Acquires 3,000 Shares of F&G Annuities & Life, Inc. (NYSE:FG) Stock

F&G Annuities & Life, Inc. (NYSE:FG) Director Celina J. Wang Doka bought 3,000 shares of F&G Annuities & Life stock in a transaction dated Tuesday, March 25th. The shares were acquired at an average cost of $35.24 per share, for a total transaction of $105,720.00. Following the completion of the purchase, the director now directly owns 20,875 shares of the company’s stock, valued at approximately $735,635. This trade represents a 16.78 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

F&G Annuities & Life Stock Up 0.6 %

FG stock opened at $36.00 on Friday. F&G Annuities & Life, Inc. has a fifty-two week low of $34.08 and a fifty-two week high of $50.75. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 7.42 and a beta of 1.72. The business’s 50 day moving average price is $42.47 and its two-hundred day moving average price is $43.08. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.25 and a current ratio of 0.25.

F&G Annuities & Life (NYSE:FG) last issued its quarterly earnings results on Thursday, February 20th. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.13). The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.34 billion. F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. As a group, analysts forecast 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, March 31st. Stockholders of record on Monday, March 17th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Monday, March 17th. F&G Annuities & Life’s dividend payout ratio is presently 18.14%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Federated Hermes Inc. boosted its stake in F&G Annuities & Life by 476.6% during the fourth quarter. Federated Hermes Inc. now owns 888 shares of the company’s stock worth $37,000 after acquiring an additional 734 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of 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 purchasing an additional 337 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of F&G Annuities & Life during the fourth quarter valued at approximately $114,000. AlphaQuest LLC boosted its position in shares of 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 purchasing an additional 3,142 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of F&G Annuities & Life in the 4th quarter worth approximately $141,000. 95.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FG. Stephens reiterated an “equal weight” rating and issued a $47.00 price target on shares of F&G Annuities & Life in a report on Monday, February 24th. Barclays raised their target price on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the stock an “equal weight” rating in a research 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.