F&G Annuities & Life (NYSE:FG) Director Celina Wang Doka Acquires 4,760 Shares

F&G Annuities & Life, Inc. (NYSE:FG) Director Celina Wang Doka acquired 4,760 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was purchased at an average cost of $20.98 per share, for a total transaction of $99,864.80. Following the completion of the acquisition, the director owned 32,071 shares in the company, valued at approximately $672,849.58. This represents a 17.43% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

F&G Annuities & Life Stock Performance

FG stock traded up $0.26 during trading hours on Friday, hitting $20.95. 635,986 shares of the stock were exchanged, compared to its average volume of 572,174. F&G Annuities & Life, Inc. has a 12 month low of $20.57 and a 12 month high of $42.84. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $2.84 billion, a P/E ratio of 11.45 and a beta of 1.59. The company has a 50-day simple moving average of $26.51 and a two-hundred day simple moving average of $30.07.

F&G Annuities & Life (NYSE:FG) last announced its earnings results on Thursday, February 19th. The company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $739.00 million during the quarter, compared to the consensus estimate of $1.55 billion. On average, analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $1.00 dividend on an annualized basis and a yield of 4.8%. F&G Annuities & Life’s payout ratio is currently 54.64%.

Hedge Funds Weigh In On F&G Annuities & Life

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC bought a new stake in shares of F&G Annuities & Life during the 1st quarter worth approximately $89,000. AQR Capital Management LLC bought a new position in F&G Annuities & Life in the first quarter valued at approximately $521,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in F&G Annuities & Life by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,035 shares of the company’s stock valued at $398,000 after purchasing an additional 452 shares in the last quarter. Millennium Management LLC raised its position in F&G Annuities & Life by 330.8% during the first quarter. Millennium Management LLC now owns 217,306 shares of the company’s stock valued at $7,834,000 after purchasing an additional 166,863 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in F&G Annuities & Life during the first quarter worth $276,000. 95.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.