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

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

F&G Annuities & Life Trading Down 2.7%

NYSE:FG opened at $30.00 on Friday. The company has a 50-day moving average price of $31.79 and a 200-day moving average price of $32.11. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 8.80 and a beta of 1.45. 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 12 month low of $28.70 and a 12 month high of $47.76.

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

F&G Annuities & Life Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Wednesday, December 17th. This is a boost from F&G Annuities & Life’s previous quarterly dividend of $0.22. F&G Annuities & Life’s dividend payout ratio (DPR) is 29.33%.

Institutional Investors Weigh In On F&G Annuities & Life

Several institutional investors and hedge funds have recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its position in F&G Annuities & Life by 474.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 902 shares of the company’s stock valued at $28,000 after acquiring an additional 745 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of F&G Annuities & Life by 83.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,211 shares of the company’s stock worth $38,000 after purchasing an additional 552 shares in the last quarter. Quarry LP purchased a new position in shares of F&G Annuities & Life in the first quarter worth $44,000. Ameritas Investment Partners Inc. lifted its holdings in shares of F&G Annuities & Life by 18.3% during the second quarter. Ameritas Investment Partners Inc. now owns 2,174 shares of the company’s stock valued at $70,000 after purchasing an additional 337 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of F&G Annuities & Life during the first quarter valued at $89,000. Institutional investors own 95.86% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on FG. Weiss Ratings reaffirmed a “hold (c)” rating on shares of F&G Annuities & Life in a research note on Monday. Wall Street Zen raised shares of F&G Annuities & Life from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Zacks Research raised shares of F&G Annuities & Life from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Piper Sandler set a $33.00 price objective on shares of F&G Annuities & Life in a research note on Tuesday, October 7th. Finally, Barclays decreased their target price on shares of F&G Annuities & Life from $40.00 to $35.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.