F&G Annuities & Life (NYSE:FG) CEO Acquires $209,900.00 in Stock

F&G Annuities & Life, Inc. (NYSE:FG) CEO Christopher Blunt acquired 10,000 shares of F&G Annuities & Life stock in a transaction dated Friday, March 13th. The shares were bought at an average cost of $20.99 per share, with a total value of $209,900.00. Following the completion of the purchase, the chief executive officer owned 1,107,128 shares in the company, valued at approximately $23,238,616.72. This represents a 0.91% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

F&G Annuities & Life Trading Up 1.2%

Shares of F&G Annuities & Life stock traded up $0.26 on Friday, reaching $20.95. 635,650 shares of the company were exchanged, compared to its average volume of 747,798. F&G Annuities & Life, Inc. has a fifty-two week low of $20.57 and a fifty-two week high of $42.84. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 11.45 and a beta of 1.59. 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 stock has a fifty day moving average price of $26.69 and a 200-day moving average price of $30.16.

F&G Annuities & Life (NYSE:FG) last announced its 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 return on equity of 10.48% and a net margin of 4.62%.The firm had revenue of $739.00 million during the quarter, compared to analyst estimates of $1.55 billion. On average, analysts expect that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.

F&G Annuities & Life Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.8%. The ex-dividend date is Tuesday, March 17th. F&G Annuities & Life’s dividend payout ratio is currently 54.64%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FG. Ameritas Investment Partners Inc. lifted its holdings in F&G Annuities & Life by 18.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,174 shares of the company’s stock worth $70,000 after purchasing an additional 337 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in F&G Annuities & Life by 30.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,574 shares of the company’s stock valued at $49,000 after purchasing an additional 363 shares during the last quarter. Stoneridge Investment Partners LLC raised its position in shares of F&G Annuities & Life by 6.7% in the third quarter. Stoneridge Investment Partners LLC now owns 6,869 shares of the company’s stock valued at $215,000 after purchasing an additional 429 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of F&G Annuities & Life by 4.3% in 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 during the period. Finally, Apella Capital LLC lifted its stake in shares of F&G Annuities & Life by 4.5% in the fourth quarter. Apella Capital LLC now owns 10,551 shares of the company’s stock worth $325,000 after buying an additional 458 shares during the last quarter. Institutional investors and hedge funds own 95.86% of the company’s stock.

Analyst Ratings Changes

FG has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of F&G Annuities & Life in a report on Monday, December 29th. Zacks Research lowered F&G Annuities & Life from a “hold” rating to a “strong sell” rating in a research report on Monday, February 23rd. Wall Street Zen lowered F&G Annuities & Life from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Barclays set a $31.00 price objective on F&G Annuities & Life in a report on Thursday, January 8th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target 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.