Christopher Blunt Acquires 5,000 Shares of F&G Annuities & Life (NYSE:FG) Stock

F&G Annuities & Life, Inc. (NYSE:FG) CEO Christopher Blunt bought 5,000 shares of the stock in a transaction dated Friday, January 2nd. The stock was purchased at an average price of $29.56 per share, with a total value of $147,800.00. Following the purchase, the chief executive officer owned 1,117,396 shares in the company, valued at $33,030,225.76. This trade represents a 0.45% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

F&G Annuities & Life Price Performance

FG opened at $30.00 on Friday. F&G Annuities & Life, Inc. has a 12-month low of $28.70 and a 12-month high of $47.76. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 8.80 and a beta of 1.46. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.45. The stock has a fifty day simple moving average of $31.79 and a two-hundred day simple moving average of $32.12.

F&G Annuities & Life (NYSE:FG) last released its earnings results on Tuesday, October 3rd. The company reported $1.45 earnings per share for the quarter. F&G Annuities & Life had a net margin of 8.40% and a return on equity of 11.41%. The firm had revenue of $496.00 million for the quarter. Research analysts predict that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current fiscal year.

F&G Annuities & Life Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were given a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.3%. This is an increase from F&G Annuities & Life’s previous quarterly dividend of $0.22. F&G Annuities & Life’s payout ratio is presently 29.33%.

Wall Street Analyst Weigh In

Several research firms have commented on FG. Weiss Ratings reissued a “hold (c)” rating on shares of F&G Annuities & Life in a report on Monday, December 29th. Zacks Research upgraded shares of F&G Annuities & Life from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Wall Street Zen raised shares of F&G Annuities & Life from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Piper Sandler set a $33.00 price objective on shares of F&G Annuities & Life in a research note on Tuesday, October 7th. Finally, Barclays dropped their target price on shares of F&G Annuities & Life from $40.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, F&G Annuities & Life presently has an average rating of “Moderate Buy” and a consensus price target of $38.33.

Hedge Funds Weigh In On F&G Annuities & Life

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Wyoming purchased a new stake in shares of F&G Annuities & Life during the 1st quarter valued at about $96,000. Quarry LP purchased a new stake in F&G Annuities & Life in the first quarter worth approximately $44,000. MAI Capital Management grew its position in F&G Annuities & Life by 9,466.0% in the 1st quarter. MAI Capital Management now owns 19,706 shares of the company’s stock worth $710,000 after purchasing an additional 19,500 shares during the period. Graham Capital Management L.P. bought a new stake in F&G Annuities & Life in the 1st quarter worth approximately $559,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in F&G Annuities & Life during the 1st quarter valued at $89,000. Institutional investors own 95.86% of the company’s stock.

F&G Annuities & Life Company Profile

F&G Annuities & Life is the principal life insurance and annuity subsidiary of F&G Financial Group, Inc (NYSE: FG), a publicly traded financial services holding company headquartered in Des Moines, Iowa. The company focuses on designing and issuing retirement income solutions that address longevity risk, capital preservation, and wealth transfer for individual and institutional clients.

Its product suite includes fixed indexed annuities, which offer the potential for market-linked growth with downside protection; fixed-rate annuities, delivering guaranteed interest over a defined term; and a range of life insurance policies such as term, universal, and variable universal life.