F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report) CEO Christopher O. Blunt bought 10,000 shares of the business's stock in a transaction on Tuesday, March 25th. The shares were purchased at an average cost of $35.65 per share, for a total transaction of $356,500.00. Following the completion of the purchase, the chief executive officer now owns 839,584 shares in the company, valued at approximately $29,931,169.60. This trade represents a 1.21 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
F&G Annuities & Life Stock Performance
NYSE FG traded down $0.81 during trading on Friday, reaching $35.18. 584,215 shares of the company's stock were exchanged, compared to its average volume of 100,286. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.25 and a quick ratio of 0.25. The business has a 50 day moving average price of $42.30 and a 200-day moving average price of $43.06. The stock has a market capitalization of $4.46 billion, a P/E ratio of 7.25 and a beta of 1.72. F&G Annuities & Life, Inc. has a fifty-two week low of $34.08 and a fifty-two week high of $50.75.
F&G Annuities & Life (NYSE:FG - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $1.12 EPS for the quarter, missing analysts' consensus estimates of $1.25 by ($0.13). The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.34 billion. F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. Sell-side analysts forecast that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current fiscal year.
F&G Annuities & Life Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Monday, March 17th. F&G Annuities & Life's dividend payout ratio is 18.14%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. Federated Hermes Inc. raised its position in shares of F&G Annuities & Life by 476.6% in the 4th quarter. Federated Hermes Inc. now owns 888 shares of the company's stock valued at $37,000 after buying an additional 734 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of F&G Annuities & Life by 59.6% during the 4th quarter. Blue Trust Inc. now owns 902 shares of the company's stock valued at $40,000 after purchasing an additional 337 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of F&G Annuities & Life during the 4th quarter valued at approximately $114,000. AlphaQuest LLC grew its position in F&G Annuities & Life by 314,200.0% during the 4th quarter. AlphaQuest LLC now owns 3,143 shares of the company's stock worth $130,000 after acquiring an additional 3,142 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of F&G Annuities & Life during the fourth quarter worth about $141,000. Institutional investors and hedge funds own 95.86% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on FG. Barclays boosted their price target on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. Stephens reissued an "equal weight" rating and issued a $47.00 target price on shares of F&G Annuities & Life in a research note on Monday, February 24th.
Check Out Our Latest Stock Report on F&G Annuities & Life
F&G Annuities & Life Company Profile
(
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F&G Annuities & Life, Inc engages in the provision of fixed annuity and life insurance products. It specializes in life insurance, annuities, retirement planning and wealth transfer. The company was founded in 1959 and is headquartered in Des Moines, IA.
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