Celina Wang Doka Buys 4,760 Shares of F&G Annuities & Life (NYSE:FG) Stock

F&G Annuities & Life, Inc. (NYSE:FG) Director Celina Wang Doka acquired 4,760 shares of the stock in a transaction dated Friday, March 13th. The stock was bought at an average price of $20.98 per share, for a total transaction of $99,864.80. Following the completion of the purchase, the director owned 32,071 shares in the company, valued at approximately $672,849.58. This trade represents a 17.43% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

F&G Annuities & Life Price Performance

F&G Annuities & Life stock opened at $20.95 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.26 and a quick ratio of 0.26. The company has a market capitalization of $2.84 billion, a PE ratio of 11.45 and a beta of 1.59. F&G Annuities & Life, Inc. has a one year low of $20.57 and a one year high of $42.84. The business has a 50 day simple moving average of $26.51 and a 200 day simple moving average of $30.04.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.91 EPS 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 company had revenue of $739.00 million during the quarter, compared to analyst estimates of $1.55 billion. On average, sell-side 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Tuesday, March 17th. F&G Annuities & Life’s payout ratio is currently 54.64%.

Hedge Funds Weigh In On F&G Annuities & Life

Several large investors have recently bought and sold shares of the business. American Century Companies Inc. boosted its position in shares of F&G Annuities & Life by 23.4% in the 2nd quarter. American Century Companies Inc. now owns 365,343 shares of the company’s stock worth $11,684,000 after purchasing an additional 69,242 shares during the last quarter. Denali Advisors LLC grew its stake in shares of F&G Annuities & Life by 28.7% during the third quarter. Denali Advisors LLC now owns 223,161 shares of the company’s stock worth $6,978,000 after purchasing an additional 49,728 shares during the period. Jupiter Asset Management Ltd. bought a new stake in F&G Annuities & Life in the second quarter valued at about $1,916,000. Wedge Capital Management L L P NC bought a new stake in F&G Annuities & Life in the third quarter valued at about $1,434,000. Finally, Parkwood LLC lifted its stake in F&G Annuities & Life by 32.0% in the second quarter. Parkwood LLC now owns 205,944 shares of the company’s stock valued at $6,586,000 after buying an additional 49,883 shares during the period. 95.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on FG shares. 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 target on shares of F&G Annuities & Life in a research report on Thursday, January 8th. Wall Street Zen lowered shares of F&G Annuities & Life from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of F&G Annuities & Life in a research note on Monday, December 29th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $32.00.

About F&G Annuities & Life

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.