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 purchased 7,000 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was bought at an average price of $36.00 per share, for a total transaction of $252,000.00. Following the acquisition, 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 acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

F&G Annuities & Life Stock Down 4.2 %

Shares of F&G Annuities & Life stock traded down $1.54 during trading on Thursday, hitting $35.26. The company's stock had a trading volume of 768,815 shares, compared to its average volume of 209,254. F&G Annuities & Life, Inc. has a 52 week low of $34.08 and a 52 week high of $50.75. 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 fifty day simple moving average of $41.87 and a two-hundred day simple moving average of $42.98. The company has a market capitalization of $4.47 billion, a PE ratio of 7.27 and a beta of 1.72.

F&G Annuities & Life (NYSE:FG - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $1.12 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.34 billion. Equities research analysts predict that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current year.

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F&G Annuities & Life Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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 2.50%. The ex-dividend date of this dividend was Monday, March 17th. F&G Annuities & Life's payout ratio is 18.14%.

Wall Street Analysts Forecast Growth

FG has been the subject of several research analyst reports. Barclays lifted their price objective on 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. 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.

Institutional Investors Weigh In On F&G Annuities & Life

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in shares of F&G Annuities & Life by 63.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 45,952 shares of the company's stock worth $2,055,000 after purchasing an additional 17,845 shares during the last quarter. Barclays PLC raised its holdings in F&G Annuities & Life by 527.8% in the third 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. raised its holdings in F&G Annuities & Life by 23.1% in the third quarter. Principal Financial Group Inc. now owns 120,336 shares of the company's stock worth $5,381,000 after buying an additional 22,550 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of F&G Annuities & Life in the third quarter worth approximately $521,000. Finally, Kelly Financial Group LLC purchased a new stake in shares of F&G Annuities & Life during the fourth quarter valued at approximately $4,144,000. 95.86% of the stock is owned by institutional investors.

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.