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

F&G Annuities & Life, Inc. (NYSE:FG) CEO Christopher O. Blunt acquired 10,000 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average price of $30.80 per share, with a total value of $308,000.00. Following the transaction, the chief executive officer now owns 859,860 shares in the company, valued at $26,483,688. This represents a 1.18 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

F&G Annuities & Life Stock Performance

Shares of F&G Annuities & Life stock opened at $30.29 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.25 and a quick ratio of 0.25. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 6.25 and a beta of 1.84. The stock’s 50-day moving average is $36.30 and its 200-day moving average is $41.30. F&G Annuities & Life, Inc. has a one year low of $30.10 and a one year high of $50.75.

F&G Annuities & Life (NYSE:FG) last released its earnings results on Wednesday, May 7th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.47). F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $1.46 billion. Equities analysts predict 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, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Monday, June 16th. F&G Annuities & Life’s payout ratio is 23.34%.

Analyst Ratings Changes

FG has been the topic of a number of research analyst reports. Barclays dropped their price target on F&G Annuities & Life from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday. 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.

Institutional Investors Weigh In On F&G Annuities & Life

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its stake in shares of F&G Annuities & Life by 12.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 227,072 shares of the company’s stock worth $8,186,000 after buying an additional 25,570 shares during the last quarter. Vanguard Group Inc. raised its holdings in F&G Annuities & Life by 8.9% during the first quarter. Vanguard Group Inc. now owns 2,029,913 shares of the company’s stock worth $73,178,000 after acquiring an additional 165,489 shares in the last quarter. Levin Capital Strategies L.P. bought a new stake in F&G Annuities & Life during the first quarter worth about $211,000. Fidelity National Financial Inc. boosted its position in F&G Annuities & Life by 4.2% during the first quarter. Fidelity National Financial Inc. now owns 110,942,551 shares of the company’s stock valued at $3,999,479,000 after purchasing an additional 4,500,000 shares during the last quarter. Finally, Moors & Cabot Inc. grew its stake in F&G Annuities & Life by 564.3% in the first quarter. Moors & Cabot Inc. now owns 34,290 shares of the company’s stock valued at $1,236,000 after purchasing an additional 29,128 shares in the last quarter. 95.86% of the stock is currently owned by institutional investors and hedge funds.

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.