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

F&G Annuities & Life, Inc. (NYSE:FG) CEO Christopher O. Blunt acquired 10,000 shares of F&G Annuities & Life stock in a transaction on Tuesday, March 25th. The shares were bought at an average price of $35.65 per share, with a total value of $356,500.00. Following the completion of the transaction, the chief executive officer now directly owns 839,584 shares of the company’s stock, valued at $29,931,169.60. This trade represents a 1.21 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

F&G Annuities & Life Trading Up 0.6 %

Shares of FG stock opened at $36.00 on Friday. The stock 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 50 day moving average price of $42.47 and a 200 day moving average price of $43.08. 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 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 posted its quarterly earnings results on Thursday, February 20th. The company reported $1.12 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 for the quarter, compared to analyst estimates of $1.34 billion. Equities research analysts predict that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 of this dividend is Monday, March 17th. F&G Annuities & Life’s dividend payout ratio (DPR) is 18.14%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FG. Stephens reaffirmed 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 increased their price target on F&G Annuities & Life from $46.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th.

Institutional Trading of F&G Annuities & Life

A number of hedge funds and other institutional investors have recently made changes to their positions in FG. Castlekeep Investment Advisors LLC purchased a new stake in F&G Annuities & Life in the 4th quarter valued at $72,007,000. Norges Bank acquired a new position in F&G Annuities & Life during the 4th quarter worth approximately $14,321,000. Hotchkis & Wiley Capital Management LLC purchased a new position in F&G Annuities & Life in the third quarter worth $6,369,000. Fisher Funds Management LTD purchased a new stake in F&G Annuities & Life during the fourth quarter worth about $5,421,000. Finally, Kelly Financial Group LLC acquired a new stake in shares of F&G Annuities & Life in the 4th quarter worth approximately $4,144,000. Institutional investors and hedge funds 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.