F&G Annuities & Life, Inc. (NYSE:FG) CEO Buys $356,500.00 in Stock

F&G Annuities & Life, Inc. (NYSE:FG) CEO Christopher O. Blunt bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The stock was purchased at an average cost of $35.65 per share, for a total transaction of $356,500.00. Following the completion of the purchase, the chief executive officer now owns 839,584 shares of the company’s stock, valued at $29,931,169.60. This trade represents a 1.21 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

F&G Annuities & Life Trading Up 1.2 %

Shares of FG traded up $0.42 during midday trading on Tuesday, hitting $35.12. The stock had a trading volume of 848,355 shares, compared to its average volume of 89,929. The firm has a market cap of $4.45 billion, a PE ratio of 7.24 and a beta of 1.72. The stock’s 50 day moving average is $42.87 and its 200 day moving average is $43.21. 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 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 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 analysts’ expectations of $1.34 billion. As a group, analysts forecast that F&G Annuities & Life, Inc. will post 5.54 EPS 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. Shareholders of record on Monday, March 17th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Monday, March 17th. F&G Annuities & Life’s payout ratio is 18.14%.

Hedge Funds Weigh In On F&G Annuities & Life

Large investors have recently bought and sold shares of the business. GSA Capital Partners LLP purchased a new position in shares of F&G Annuities & Life in the third quarter worth $231,000. Charles Schwab Investment Management Inc. grew its stake in F&G Annuities & Life by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 201,582 shares of the company’s stock valued at $9,015,000 after purchasing an additional 10,584 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of F&G Annuities & Life in the third quarter valued at about $381,000. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of F&G Annuities & Life in the third quarter worth about $6,369,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of F&G Annuities & Life during the third quarter worth about $521,000. Institutional investors own 95.86% of the company’s stock.

Wall Street Analysts Forecast Growth

FG has been the topic of a number of analyst reports. Stephens reiterated 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 raised their price objective on shares of 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.

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.