Christopher Blunt Buys 10,000 Shares of F&G Annuities & Life (NYSE:FG) Stock

F&G Annuities & Life, Inc. (NYSE:FG) CEO Christopher Blunt bought 10,000 shares of F&G Annuities & Life stock in a transaction dated Friday, March 13th. The stock was purchased at an average price of $20.99 per share, with a total value of $209,900.00. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

F&G Annuities & Life Stock Performance

Shares of FG 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 firm has a 50-day moving average of $26.51 and a 200-day moving average of $30.04. 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 P/E ratio of 11.45 and a beta of 1.59.

F&G Annuities & Life (NYSE:FG) last released its quarterly 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 return on equity of 10.48% and a net margin of 4.62%.The firm had revenue of $739.00 million for the quarter, compared to analysts’ expectations of $1.55 billion. 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 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 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Tuesday, March 17th. F&G Annuities & Life’s payout ratio is presently 54.64%.

Analysts Set New Price Targets

FG has been the subject of a number of research analyst reports. Wall Street Zen downgraded F&G Annuities & Life from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Barclays set a $31.00 price objective on F&G Annuities & Life in a research report on Thursday, January 8th. Weiss Ratings restated a “hold (c)” rating on shares of F&G Annuities & Life in a research note on Monday, December 29th. Finally, Zacks Research lowered F&G Annuities & Life from a “hold” rating to a “strong sell” rating in a research report on Monday, February 23rd. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, F&G Annuities & Life currently has an average rating of “Reduce” and a consensus price target of $32.00.

Institutional Investors Weigh In On F&G Annuities & Life

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in F&G Annuities & Life by 85.4% during 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. Dimensional Fund Advisors LP raised its stake in shares of F&G Annuities & Life by 33.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,121,563 shares of the company’s stock valued at $34,605,000 after buying an additional 280,594 shares during the period. State Street Corp lifted its position in shares of F&G Annuities & Life by 93.6% during the 4th quarter. State Street Corp now owns 847,443 shares of the company’s stock valued at $26,144,000 after buying an additional 409,743 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of F&G Annuities & Life by 44.2% during the 4th quarter. Geode Capital Management LLC now owns 736,885 shares of the company’s stock valued at $22,735,000 after buying an additional 225,817 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of F&G Annuities & Life by 870.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 642,313 shares of the company’s stock worth $20,085,000 after acquiring an additional 576,102 shares during the period. Hedge funds and other institutional investors own 95.86% of the company’s stock.

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.