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

F&G Annuities & Life, Inc. (NYSE:FG) Director Celina J. Wang Doka purchased 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The stock was bought 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 in the company, valued at $735,635. This represents a 16.78 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

F&G Annuities & Life Price Performance

NYSE FG traded up $0.65 during trading hours on Wednesday, hitting $35.75. 525,536 shares of the company’s stock traded hands, compared to its average volume of 94,600. 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’s 50-day moving average is $42.75 and its 200-day moving average is $43.18. The company has a market capitalization of $4.53 billion, a PE ratio of 7.37 and a beta of 1.72. F&G Annuities & Life, Inc. has a 52-week low of $34.08 and a 52-week high of $50.75.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings data on Thursday, February 20th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 11.12% and a return on equity of 14.14%. Equities analysts forecast that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Monday, March 17th. F&G Annuities & Life’s payout ratio is 18.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FG shares. Stephens reissued an “equal weight” rating and set a $47.00 target price on shares of F&G Annuities & Life in a report on Monday, February 24th. Barclays increased their price objective on F&G Annuities & Life from $46.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th.

Institutional Investors Weigh In On F&G Annuities & Life

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in F&G Annuities & Life by 63.5% during the third quarter. JPMorgan Chase & Co. now owns 45,952 shares of the company’s stock worth $2,055,000 after purchasing an additional 17,845 shares in the last quarter. Barclays PLC lifted its stake in F&G Annuities & Life by 527.8% during the 3rd quarter. Barclays PLC now owns 42,524 shares of the company’s stock worth $1,902,000 after acquiring an additional 35,750 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in F&G Annuities & Life by 23.1% during the 3rd quarter. Principal Financial Group Inc. now owns 120,336 shares of the company’s stock valued at $5,381,000 after acquiring an additional 22,550 shares during the period. Point72 Asset Management L.P. acquired a new position in F&G Annuities & Life in the 3rd quarter valued at about $521,000. Finally, Kelly Financial Group LLC purchased a new stake in F&G Annuities & Life during the fourth quarter worth about $4,144,000. 95.86% of the stock is owned by hedge funds and other institutional investors.

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.