F&G Annuities & Life (NYSE:FG) Sees Large Volume Increase - Should You Buy?

F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report) saw unusually-high trading volume on Monday . Approximately 66,597 shares traded hands during trading, a decline of 23% from the previous session's volume of 86,458 shares.The stock last traded at $34.90 and had previously closed at $34.70.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Stephens restated an "equal weight" rating and issued a $47.00 price objective on shares of F&G Annuities & Life in a research report on Monday, February 24th. Barclays increased their price target on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th.

F&G Annuities & Life Price Performance

The stock has a market capitalization of $4.54 billion, a P/E ratio of 7.38 and a beta of 1.72. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.25 and a current ratio of 0.25. The firm has a 50-day moving average price of $42.47 and a 200 day moving average price of $43.08.

F&G Annuities & Life (NYSE:FG - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $1.12 EPS for the quarter, missing analysts' consensus estimates of $1.25 by ($0.13). The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.34 billion. F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. On average, analysts expect that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.

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F&G Annuities & Life Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.46%. The ex-dividend date is Monday, March 17th. F&G Annuities & Life's dividend payout ratio is presently 18.14%.

Insider Activity

In other news, CEO Christopher O. Blunt purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was bought at an average cost of $35.65 per share, for a total transaction of $356,500.00. Following the acquisition, the chief executive officer now directly owns 839,584 shares of the company's stock, valued at $29,931,169.60. This represents a 1.21 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Celina J. Wang Doka purchased 3,000 shares of the business's stock in a transaction on Tuesday, March 25th. The stock was purchased at an average cost of $35.24 per share, for a total transaction of $105,720.00. Following the acquisition, the director now owns 20,875 shares in the company, valued at approximately $735,635. The trade was a 16.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 23,000 shares of company stock valued at $821,820. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On F&G Annuities & Life

Institutional investors and hedge funds have recently bought and sold shares of the business. Castlekeep Investment Advisors LLC purchased a new stake in F&G Annuities & Life in the fourth quarter worth $72,007,000. State Street Corp lifted its holdings in F&G Annuities & Life by 1.2% in the third quarter. State Street Corp now owns 413,210 shares of the company's stock worth $18,479,000 after buying an additional 4,910 shares during the period. Dimensional Fund Advisors LP boosted its position in F&G Annuities & Life by 11.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 413,202 shares of the company's stock valued at $17,123,000 after acquiring an additional 42,081 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of F&G Annuities & Life by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 405,047 shares of the company's stock worth $18,117,000 after acquiring an additional 3,453 shares during the period. Finally, Norges Bank purchased a new position in shares of F&G Annuities & Life during the 4th quarter worth approximately $14,321,000. Hedge funds and other institutional investors own 95.86% of the company's stock.

F&G Annuities & Life Company Profile

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.