F&G Annuities & Life (NYSE:FG) EVP Sells $101,430.00 in Stock

Key Points

• F&G Annuities & Life EVP Leena Punjabi sold 3,000 shares of stock valued at $101,430, decreasing her ownership by 4.47% to 64,064 shares.
• The company reported $0.77 earnings per share for the last quarter, surpassing estimates and achieving a significant revenue of $2.74 billion.
• F&G Annuities & Life has announced a quarterly dividend of $0.22 per share, with an annualized yield of 2.7% set to be paid on September 30th.

F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report) EVP Leena Punjabi sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $33.81, for a total value of $101,430.00. Following the completion of the transaction, the executive vice president directly owned 64,064 shares in the company, valued at $2,166,003.84. This trade represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

F&G Annuities & Life Stock Performance

Shares of NYSE FG traded down $0.55 during midday trading on Friday, hitting $33.05. 107,050 shares of the stock traded hands, compared to its average volume of 221,244. The firm has a 50-day moving average of $33.36 and a two-hundred day moving average of $33.99. The firm has a market capitalization of $4.45 billion, a P/E ratio of 13.33 and a beta of 1.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.26 and a current ratio of 0.26. F&G Annuities & Life, Inc. has a one year low of $30.01 and a one year high of $50.75.

F&G Annuities & Life (NYSE:FG - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.13. The firm had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $1.35 billion. F&G Annuities & Life had a return on equity of 11.51% and a net margin of 6.45%. On average, equities analysts forecast that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Tuesday, September 16th. F&G Annuities & Life's dividend payout ratio is 35.48%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wall Street Zen upgraded F&G Annuities & Life from a "hold" rating to a "buy" rating in a research note on Wednesday, August 13th. Barclays increased their price target on F&G Annuities & Life from $37.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 7th. Finally, Zacks Research upgraded F&G Annuities & Life from a "strong sell" rating to a "hold" rating in a research note on Monday, September 1st. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $44.33.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Castlekeep Investment Advisors LLC bought a new position in shares of F&G Annuities & Life in the 4th quarter valued at about $1,717,000. Fidelity National Financial Inc. lifted its stake in F&G Annuities & Life by 4.2% in the first quarter. Fidelity National Financial Inc. now owns 110,942,551 shares of the company's stock worth $3,999,479,000 after purchasing an additional 4,500,000 shares during the last quarter. Mutual Advisors LLC bought a new stake in F&G Annuities & Life in the first quarter worth about $631,000. Wellington Management Group LLP bought a new stake in F&G Annuities & Life in the first quarter worth about $1,527,000. Finally, American Century Companies Inc. lifted its stake in F&G Annuities & Life by 26.6% in the first quarter. American Century Companies Inc. now owns 296,101 shares of the company's stock worth $10,674,000 after purchasing an additional 62,201 shares during the last quarter. Institutional investors own 95.86% of the company's stock.

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.

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