F&G Annuities & Life, Inc. (NYSE:FG) EVP Michael L. Gravelle Buys 7,000 Shares

F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report) EVP Michael L. Gravelle bought 7,000 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were bought at an average price of $36.00 per share, for a total transaction of $252,000.00. Following the completion of the transaction, the executive vice president now directly owns 33,540 shares of the company's stock, valued at $1,207,440. This represents a 26.38 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

F&G Annuities & Life Price Performance

FG stock traded down $1.71 during midday trading on Friday, hitting $33.63. The company's stock had a trading volume of 618,808 shares, compared to its average volume of 111,955. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.46. F&G Annuities & Life, Inc. has a 12 month low of $32.70 and a 12 month high of $50.75. The company has a 50 day moving average of $41.71 and a two-hundred day moving average of $42.92. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 6.92 and a beta of 1.83.

F&G Annuities & Life (NYSE:FG - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $1.12 earnings per share 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 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 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 declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend was Monday, March 17th. F&G Annuities & Life's payout ratio is presently 18.14%.

Institutional Trading of F&G Annuities & Life

A number of large investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. boosted its position in shares of F&G Annuities & Life by 476.6% during 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 last quarter. Blue Trust Inc. raised its position 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. BNP Paribas Financial Markets bought a new position in shares of F&G Annuities & Life in the 4th quarter valued at about $114,000. AlphaQuest LLC grew its position 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 worth $130,000 after acquiring an additional 3,142 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in F&G Annuities & Life during the fourth quarter worth approximately $141,000. Institutional investors own 95.86% of the company's stock.

Wall Street Analyst Weigh In

FG has been the subject of a number of recent analyst reports. 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 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 report on Monday, January 6th.

About F&G Annuities & Life

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.