F&G Annuities & Life (NYSE:FG) Trading 2.7% Higher After Insider Buying Activity

F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report) shares traded up 2.7% during trading on Monday following insider buying activity. The stock traded as high as $36.16 and last traded at $36.16. 75,464 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 100,227 shares. The stock had previously closed at $35.21.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on FG shares. Stephens reiterated an "equal weight" rating and issued a $47.00 price target on shares of F&G Annuities & Life in a research report on Monday, February 24th. Barclays increased their target price on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the company an "equal weight" rating in a research report on Monday, January 6th.

F&G Annuities & Life Stock Performance

The firm has a market cap of $4.34 billion, a PE ratio of 7.05 and a beta of 1.83. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.46. The company has a 50-day simple moving average of $41.71 and a two-hundred day simple moving average of $42.92.

F&G Annuities & Life (NYSE:FG - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.13). F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. The firm had revenue of $1.56 billion during the quarter, compared to analysts' expectations of $1.34 billion. As a group, equities research analysts forecast that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current year.

F&G Annuities & Life Dividend Announcement

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

Hedge Funds Weigh In On F&G Annuities & Life

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its stake 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 buying an additional 337 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of F&G Annuities & Life by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,583 shares of the company's stock worth $439,000 after acquiring an additional 386 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of F&G Annuities & Life by 1.6% in the fourth quarter. Rhumbline Advisers now owns 29,633 shares of the company's stock worth $1,228,000 after acquiring an additional 469 shares during the period. Federated Hermes Inc. grew its position in shares of F&G Annuities & Life by 476.6% in the fourth quarter. Federated Hermes Inc. now owns 888 shares of the company's stock valued at $37,000 after purchasing an additional 734 shares in the last quarter. Finally, Capital Advisors Wealth Management LLC boosted its stake in F&G Annuities & Life by 5.0% in the 4th quarter. Capital Advisors Wealth Management LLC now owns 20,319 shares of the company's stock worth $842,000 after purchasing an additional 964 shares during the period. 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.