F&G Annuities & Life (NYSE:FG) Sees Unusually-High Trading Volume After Insider Buying Activity

F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report) saw strong trading volume on Tuesday after an insider bought additional shares in the company. 216,731 shares were traded during mid-day trading, an increase of 111% from the previous session's volume of 102,571 shares.The stock last traded at $35.97 and had previously closed at $36.05.

Specifically, EVP Michael L. Gravelle bought 7,000 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was bought at an average cost of $36.00 per share, for a total transaction of $252,000.00. Following the transaction, the executive vice president now owns 33,540 shares of the company's stock, valued at $1,207,440. This represents a 26.38 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder National Financial I. Fidelity bought 4,500,000 shares of the business's stock in a transaction on Monday, March 24th. The stock was purchased at an average price of $33.60 per share, for a total transaction of $151,200,000.00. Following the completion of the acquisition, the insider now owns 110,483,243 shares of the company's stock, valued at approximately $3,712,236,964.80. This trade represents a 4.25 % increase in their position. The disclosure for this purchase can be found here. In other F&G Annuities & Life news, CEO Christopher O. Blunt bought 10,000 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was purchased at an average cost of $35.96 per share, with a total value of $359,600.00. Following the completion of the purchase, the chief executive officer now owns 849,584 shares in the company, valued at approximately $30,551,040.64. The trade was a 1.19 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Barclays upped their target price on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th. Stephens restated 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.

F&G Annuities & Life Stock Down 3.2 %

The firm's 50-day simple moving average is $41.53 and its 200 day simple moving average is $42.87. 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 stock has a market capitalization of $4.34 billion, a P/E ratio of 7.05 and a beta of 1.83.

F&G Annuities & Life (NYSE:FG - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, research analysts expect that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.

F&G Annuities & Life Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.22 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.88 annualized dividend and a dividend yield of 2.57%. F&G Annuities & Life's dividend payout ratio is presently 18.14%.

Hedge Funds Weigh In On F&G Annuities & Life

A number of institutional investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. grew 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 acquiring an additional 734 shares during the period. Blue Trust Inc. grew its holdings in F&G Annuities & Life by 59.6% during the fourth quarter. Blue Trust Inc. now owns 902 shares of the company's stock worth $40,000 after purchasing an additional 337 shares during the period. BNP Paribas Financial Markets acquired a new position in F&G Annuities & Life during the fourth quarter worth approximately $114,000. AlphaQuest LLC raised its stake in F&G Annuities & Life by 314,200.0% in the fourth quarter. AlphaQuest LLC now owns 3,143 shares of the company's stock valued at $130,000 after buying an additional 3,142 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in F&G Annuities & Life in the fourth quarter valued at approximately $141,000. 95.86% of the stock is currently owned by institutional investors and hedge funds.

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.