Key Points
- CEO Christopher Blunt bought 5,000 shares at an average price of $29.88 (total $149,400), bringing his stake to 1,146,419 shares — a 0.44% increase in his position.
- Dividend raised: the company increased its quarterly payout to $0.25 (annualized $1.00) for a yield of about 3.2%, with an ex-dividend/record date of December 17/31.
- Shares traded up to $31.11 (up 2.8%); F&G has a market cap of $4.19B and a P/E of 9.12, while analysts are mixed — average rating "Moderate Buy" with a $38.33 price target — and institutional investors own roughly 95.9% of the stock.
F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report) CEO Christopher Blunt purchased 5,000 shares of the business's stock in a transaction dated Wednesday, November 19th. The shares were acquired at an average price of $29.88 per share, for a total transaction of $149,400.00. Following the acquisition, the chief executive officer owned 1,146,419 shares of the company's stock, valued at $34,254,999.72. This trade represents a 0.44% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.
F&G Annuities & Life Trading Up 2.8%
NYSE FG traded up $0.86 on Thursday, reaching $31.11. The company had a trading volume of 13,312 shares, compared to its average volume of 211,520. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 9.12 and a beta of 1.48. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.27 and a quick ratio of 0.27. F&G Annuities & Life, Inc. has a fifty-two week low of $28.70 and a fifty-two week high of $50.75. The business has a 50 day moving average of $31.02 and a two-hundred day moving average of $32.08.
F&G Annuities & Life (NYSE:FG - Get Free Report) last announced its earnings results on Tuesday, October 3rd. The company reported $1.45 EPS for the quarter. The firm had revenue of $496.00 million for the quarter. F&G Annuities & Life had a return on equity of 11.41% and a net margin of 8.40%. Analysts forecast that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.
F&G Annuities & Life Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, December 17th. This is a boost from F&G Annuities & Life's previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a yield of 3.2%. F&G Annuities & Life's dividend payout ratio (DPR) is currently 25.81%.
Analyst Ratings Changes
A number of analysts have weighed in on FG shares. Barclays decreased their target price on shares of F&G Annuities & Life from $40.00 to $35.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 8th. Weiss Ratings reissued a "hold (c+)" rating on shares of F&G Annuities & Life in a research note on Monday. Zacks Research upgraded F&G Annuities & Life from a "hold" rating to a "strong-buy" rating in a report on Friday, November 7th. Wall Street Zen raised F&G Annuities & Life from a "hold" rating to a "buy" rating in a research note on Saturday, November 1st. Finally, Piper Sandler set a $33.00 target price on F&G Annuities & Life in a report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $38.33.
Read Our Latest Research Report on F&G Annuities & Life
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Y Intercept Hong Kong Ltd acquired a new position in shares of F&G Annuities & Life during the first quarter valued at about $270,000. XTX Topco Ltd bought a new stake in F&G Annuities & Life during the 1st quarter worth approximately $456,000. US Bancorp DE lifted its holdings in shares of F&G Annuities & Life by 19.9% in the first quarter. US Bancorp DE now owns 4,716 shares of the company's stock valued at $170,000 after purchasing an additional 784 shares in the last quarter. Moors & Cabot Inc. boosted its position in shares of F&G Annuities & Life by 564.3% during the first quarter. Moors & Cabot Inc. now owns 34,290 shares of the company's stock valued at $1,236,000 after buying an additional 29,128 shares during the last quarter. Finally, Fidelity National Financial Inc. grew its holdings in F&G Annuities & Life by 4.2% during the first quarter. Fidelity National Financial Inc. now owns 110,942,551 shares of the company's stock worth $3,999,479,000 after buying an additional 4,500,000 shares in the last quarter. Institutional investors and hedge funds own 95.86% of the company's stock.
F&G Annuities & Life Company Profile
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Get Free Report)
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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