F&G Annuities & Life (NYSE:FG) CEO Christopher Blunt Acquires 10,000 Shares

F&G Annuities & Life, Inc. (NYSE:FG) CEO Christopher Blunt purchased 10,000 shares of F&G Annuities & Life stock in a transaction on Friday, March 13th. The stock was bought at an average cost of $20.99 per share, for a total transaction of $209,900.00. Following the transaction, the chief executive officer directly owned 1,107,128 shares in the company, valued at $23,238,616.72. This represents a 0.91% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

F&G Annuities & Life Stock Performance

Shares of F&G Annuities & Life stock opened at $20.95 on Friday. The business has a 50-day simple moving average of $26.51 and a 200-day simple moving average of $30.07. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.26 and a current ratio of 0.26. F&G Annuities & Life, Inc. has a one year low of $20.57 and a one year high of $42.84. The company has a market cap of $2.84 billion, a PE ratio of 11.45 and a beta of 1.59.

F&G Annuities & Life (NYSE:FG) last issued its earnings results on Thursday, February 19th. The company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.43). F&G Annuities & Life had a net margin of 4.62% and a return on equity of 10.48%. The firm had revenue of $739.00 million during the quarter, compared to analyst estimates of $1.55 billion. On average, equities research 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 disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.8%. F&G Annuities & Life’s dividend payout ratio is presently 54.64%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wall Street Zen cut shares of F&G Annuities & Life from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Zacks Research cut shares of F&G Annuities & Life from a “hold” rating to a “strong sell” rating in a research report on Monday, February 23rd. Barclays set a $31.00 price objective on F&G Annuities & Life in a report on Thursday, January 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of F&G Annuities & Life in a research report on Monday, December 29th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, F&G Annuities & Life presently has an average rating of “Reduce” and an average price target of $32.00.

Institutional Trading of F&G Annuities & Life

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in F&G Annuities & Life by 85.4% in the fourth quarter. Vanguard Group Inc. now owns 3,807,765 shares of the company’s stock valued at $117,470,000 after purchasing an additional 1,753,709 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of F&G Annuities & Life by 870.1% during the third quarter. Ameriprise Financial Inc. now owns 642,313 shares of the company’s stock worth $20,085,000 after buying an additional 576,102 shares during the period. Norges Bank purchased a new position in shares of F&G Annuities & Life during the fourth quarter worth about $14,568,000. State Street Corp grew its holdings in shares of F&G Annuities & Life by 93.6% during the fourth quarter. State Street Corp now owns 847,443 shares of the company’s stock worth $26,144,000 after buying an additional 409,743 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in F&G Annuities & Life by 445.3% in the 4th quarter. AQR Capital Management LLC now owns 465,295 shares of the company’s stock valued at $14,354,000 after acquiring an additional 379,970 shares during the period. Institutional investors and hedge funds own 95.86% of the company’s stock.

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.