Shares of F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report) traded up 2.7% during trading on Monday following insider buying activity. The company traded as high as $36.16 and last traded at $36.16. 75,464 shares changed 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 purchased 7,000 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was acquired at an average cost of $36.00 per share, with a total value of $252,000.00. Following the acquisition, the executive vice president now owns 33,540 shares of the company's stock, valued at approximately $1,207,440. This represents a 26.38 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder National Financial I. Fidelity purchased 4,500,000 shares of the stock in a transaction dated Monday, March 24th. The shares were purchased at an average price of $33.60 per share, with a total value of $151,200,000.00. Following the transaction, the insider now directly owns 110,483,243 shares of the company's stock, valued at approximately $3,712,236,964.80. The trade was a 4.25 % increase in their position. The disclosure for this purchase can be found here. In other 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 price of $35.96 per share, for a total transaction of $359,600.00. Following the transaction, the chief executive officer now owns 849,584 shares in the company, valued at approximately $30,551,040.64. This trade represents a 1.19 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. Barclays increased their price objective on 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. Stephens reiterated an "equal weight" rating and set a $47.00 price objective on shares of F&G Annuities & Life in a research note on Monday, February 24th.
View Our Latest Stock Analysis on FG
F&G Annuities & Life Stock Performance
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 firm has a market capitalization of $4.47 billion, a PE ratio of 7.27 and a beta of 1.72. The firm has a fifty day moving average price of $41.87 and a 200 day moving average price of $42.98.
F&G Annuities & Life (NYSE:FG - Get Free Report) last announced its earnings results 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 return on equity of 14.14% and a net margin of 11.12%. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.34 billion. Research analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current fiscal year.
F&G Annuities & Life Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend was Monday, March 17th. F&G Annuities & Life's payout ratio is 18.14%.
Institutional Trading of F&G Annuities & Life
A number of hedge funds have recently modified their holdings of FG. Federated Hermes Inc. raised its position in F&G Annuities & Life by 476.6% during the fourth quarter. Federated Hermes Inc. now owns 888 shares of the company's stock valued at $37,000 after buying an additional 734 shares during the period. Blue Trust Inc. grew its stake in 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 acquiring an additional 337 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of F&G Annuities & Life in the 4th quarter valued at about $114,000. AlphaQuest LLC lifted its position in shares of F&G Annuities & Life by 314,200.0% in the fourth quarter. AlphaQuest LLC now owns 3,143 shares of the company's stock worth $130,000 after purchasing an additional 3,142 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of F&G Annuities & Life during the fourth quarter worth approximately $141,000. Hedge funds and other institutional investors own 95.86% of the company's stock.
About F&G Annuities & Life
(
Get Free Report)
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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