F&G Annuities & Life, Inc. (FG) To Go Ex-Dividend on June 16th

F&G Annuities & Life, Inc. (NYSE:FG) announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Tuesday, June 16th will be given a dividend of 0.25 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, June 16th.

F&G Annuities & Life has a payout ratio of 17.5% indicating that its dividend is sufficiently covered by earnings.

F&G Annuities & Life Trading Up 4.4%

NYSE:FG traded up $1.21 during trading hours on Friday, reaching $28.29. The company’s stock had a trading volume of 148,034 shares, compared to its average volume of 700,666. The firm has a 50-day simple moving average of $25.01 and a 200-day simple moving average of $28.33. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 7.42 and a beta of 1.28. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.26 and a current ratio of 0.26. F&G Annuities & Life has a 1 year low of $20.57 and a 1 year high of $36.70.

F&G Annuities & Life (NYSE:FG) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.47). The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $1.46 billion. F&G Annuities & Life had a net margin of 8.89% and a return on equity of 10.70%.

Insiders Place Their Bets

In other news, Director Celina J. Wang Doka bought 4,760 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average cost of $20.98 per share, with a total value of $99,864.80. Following the completion of the acquisition, the director directly owned 32,071 shares in the company, valued at approximately $672,849.58. The trade was a 17.43% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher O. Blunt acquired 10,000 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were acquired at an average price of $20.99 per share, with a total value of $209,900.00. Following the completion of the transaction, the chief executive officer directly owned 1,107,128 shares in the company, valued at approximately $23,238,616.72. This trade represents a 0.91% increase in their position. The disclosure for this purchase is available in the SEC filing. 2.10% of the stock is currently owned by company insiders.

Institutional Trading of F&G Annuities & Life

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of 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 grew its position in F&G Annuities & Life by 32.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,480,179 shares of the company’s stock valued at $37,475,000 after acquiring an additional 358,616 shares during the period. State Street Corp lifted its stake in shares of F&G Annuities & Life by 93.6% during the fourth quarter. State Street Corp now owns 847,443 shares of the company’s stock valued at $26,144,000 after acquiring an additional 409,743 shares during the period. Geode Capital Management LLC increased its holdings in F&G Annuities & Life by 44.2% in the fourth quarter. Geode Capital Management LLC now owns 736,885 shares of the company’s stock valued at $22,735,000 after purchasing an additional 225,817 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in F&G Annuities & Life by 870.1% in the third quarter. Ameriprise Financial Inc. now owns 642,313 shares of the company’s stock valued at $20,085,000 after purchasing an additional 576,102 shares during the last quarter. 95.86% of the stock is currently owned by institutional investors.

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.