F&G Annuities & Life (NYSE:FG) CEO Christopher Blunt Purchases 5,000 Shares

F&G Annuities & Life, Inc. (NYSE:FG) CEO Christopher Blunt acquired 5,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was purchased at an average cost of $29.56 per share, with a total value of $147,800.00. Following the completion of the acquisition, the chief executive officer directly owned 1,117,396 shares of the company’s stock, valued at approximately $33,030,225.76. This trade represents a 0.45% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

F&G Annuities & Life Stock Performance

FG stock traded down $0.85 on Friday, hitting $30.00. The company’s stock had a trading volume of 1,885,422 shares, compared to its average volume of 533,434. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 8.80 and a beta of 1.46. The firm has a 50 day moving average of $31.79 and a two-hundred day moving average of $32.13. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.45. F&G Annuities & Life, Inc. has a 1 year low of $28.70 and a 1 year high of $47.76.

F&G Annuities & Life (NYSE:FG) last announced its earnings results on Tuesday, October 3rd. The company reported $1.45 EPS for the quarter. F&G Annuities & Life had a net margin of 8.40% and a return on equity of 11.41%. The business had revenue of $496.00 million during the quarter. Equities analysts predict that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Wednesday, December 17th. This is a positive change from F&G Annuities & Life’s previous quarterly dividend of $0.22. F&G Annuities & Life’s payout ratio is 29.33%.

Institutional Investors Weigh In On F&G Annuities & Life

Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in F&G Annuities & Life by 63.8% during the third quarter. JPMorgan Chase & Co. now owns 65,847 shares of the company’s stock worth $2,059,000 after buying an additional 25,644 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of F&G Annuities & Life during the 3rd quarter worth about $1,167,000. Armistice Capital LLC acquired a new stake in shares of F&G Annuities & Life during the 3rd quarter valued at about $705,000. Caxton Associates LLP increased its stake in F&G Annuities & Life by 5.8% in the third quarter. Caxton Associates LLP now owns 16,034 shares of the company’s stock valued at $501,000 after acquiring an additional 872 shares during the period. Finally, Qube Research & Technologies Ltd increased its stake in F&G Annuities & Life by 94.1% in the third quarter. Qube Research & Technologies Ltd now owns 85,751 shares of the company’s stock valued at $2,681,000 after acquiring an additional 41,575 shares during the period. Institutional investors own 95.86% of the company’s stock.

Wall Street Analyst Weigh In

FG has been the topic of a number of recent research reports. Piper Sandler set a $33.00 target price on F&G Annuities & Life in a report on Tuesday, October 7th. Zacks Research raised shares of F&G Annuities & Life from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Wall Street Zen upgraded shares of F&G Annuities & Life from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings restated a “hold (c)” rating on shares of F&G Annuities & Life in a research note on Monday. Finally, Barclays dropped their price target on shares of F&G Annuities & Life from $40.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.33.

F&G Annuities & Life Company Profile

F&G Annuities & Life is the principal life insurance and annuity subsidiary of F&G Financial Group, Inc (NYSE: FG), a publicly traded financial services holding company headquartered in Des Moines, Iowa. The company focuses on designing and issuing retirement income solutions that address longevity risk, capital preservation, and wealth transfer for individual and institutional clients.

Its product suite includes fixed indexed annuities, which offer the potential for market-linked growth with downside protection; fixed-rate annuities, delivering guaranteed interest over a defined term; and a range of life insurance policies such as term, universal, and variable universal life.