Christopher O. Blunt Acquires 15,000 Shares of F&G Annuities & Life, Inc. (NYSE:FG) Stock

F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report) CEO Christopher O. Blunt acquired 15,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was purchased at an average price of $31.31 per share, with a total value of $469,650.00. Following the transaction, the chief executive officer now owns 874,964 shares of the company's stock, valued at approximately $27,395,122.84. This trade represents a 1.74% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

F&G Annuities & Life Price Performance

Shares of FG traded up $0.05 during mid-day trading on Thursday, hitting $30.84. 75,875 shares of the company were exchanged, compared to its average volume of 139,511. F&G Annuities & Life, Inc. has a 1-year low of $30.10 and a 1-year 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 50 day moving average of $35.70 and a 200-day moving average of $41.07. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 6.36 and a beta of 1.84.

F&G Annuities & Life (NYSE:FG - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $1.19 by ($0.47). The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $1.46 billion. F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. Analysts expect that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.88 annualized dividend and a yield of 2.85%. F&G Annuities & Life's payout ratio is 23.34%.

Institutional Trading of F&G Annuities & Life

Several hedge funds have recently made changes to their positions in FG. Barclays PLC increased its holdings in shares of 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. JPMorgan Chase & Co. increased its holdings in F&G Annuities & Life by 63.5% in the 3rd 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 last quarter. Capital Advisors Wealth Management LLC increased its holdings in F&G Annuities & Life by 5.0% in the 4th quarter. Capital Advisors Wealth Management LLC now owns 20,319 shares of the company's stock valued at $842,000 after purchasing an additional 964 shares during the last quarter. SG Americas Securities LLC increased its holdings in F&G Annuities & Life by 45.6% in the 4th quarter. SG Americas Securities LLC now owns 5,516 shares of the company's stock valued at $229,000 after purchasing an additional 1,728 shares during the last quarter. Finally, Crescent Grove Advisors LLC increased its holdings in F&G Annuities & Life by 22.7% in the 4th quarter. Crescent Grove Advisors LLC now owns 30,479 shares of the company's stock valued at $1,263,000 after purchasing an additional 5,642 shares during the last quarter. Hedge funds and other institutional investors own 95.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Stephens reiterated 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. Barclays reduced their price target on shares of F&G Annuities & Life from $41.00 to $40.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th.

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.