F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report) CEO Christopher O. Blunt purchased 10,000 shares of the stock in a transaction dated Thursday, March 27th. The stock was acquired at an average cost of $35.96 per share, with a total value of $359,600.00. Following the transaction, the chief executive officer now directly owns 849,584 shares in the company, valued at approximately $30,551,040.64. This trade represents a 1.19 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
F&G Annuities & Life Stock Up 3.2 %
NYSE:FG traded up $1.12 during mid-day trading on Monday, hitting $36.33. 80,689 shares of the company's stock traded hands, compared to its average volume of 100,311. 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 company has a market capitalization of $4.61 billion, a P/E ratio of 7.49 and a beta of 1.72. The company has a fifty day moving average of $42.30 and a 200 day moving average of $43.08. F&G Annuities & Life, Inc. has a twelve month low of $34.08 and a twelve month high of $50.75.
F&G Annuities & Life (NYSE:FG - Get Free Report) last announced 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). The company had revenue of $1.56 billion during the quarter, compared to analysts' expectations 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 forecast that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.
F&G Annuities & Life Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Monday, March 17th. F&G Annuities & Life's dividend payout ratio (DPR) is presently 18.14%.
Hedge Funds Weigh In On F&G Annuities & Life
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of F&G Annuities & Life by 63.5% in the third quarter. JPMorgan Chase & Co. now owns 45,952 shares of the company's stock valued at $2,055,000 after purchasing an additional 17,845 shares during the period. Barclays PLC raised its position in F&G Annuities & Life by 527.8% during the 3rd quarter. Barclays PLC now owns 42,524 shares of the company's stock worth $1,902,000 after buying an additional 35,750 shares during the last quarter. Principal Financial Group Inc. lifted its stake in F&G Annuities & Life by 23.1% during the 3rd quarter. Principal Financial Group Inc. now owns 120,336 shares of the company's stock valued at $5,381,000 after acquiring an additional 22,550 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of F&G Annuities & Life in the 3rd quarter valued at $521,000. Finally, Kelly Financial Group LLC acquired a new stake in shares of F&G Annuities & Life in the fourth quarter worth $4,144,000. Hedge funds and other institutional investors own 95.86% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. Barclays upped their price objective on 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 reaffirmed 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.
Get Our Latest Stock Analysis on F&G Annuities & Life
About F&G Annuities & Life
(
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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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