Key Points
- CEO purchase: F&G Annuities & Life CEO Christopher Blunt bought 5,000 shares on Jan. 2 at an average price of $29.56 (total $147,800), raising his stake to 1,117,396 shares — a 0.45% increase worth roughly $33.03 million.
- Dividend increase: The company raised its quarterly dividend to $0.25 from $0.22 (annualized $1.00), yielding about 3.3% with a payout ratio near 29.3%.
- Stock and analyst snapshot: Shares opened at $30 (down 2.7%), the company has a $4.04 billion market cap and a P/E of 8.8, and analysts give an average "Moderate Buy" rating with a $38.33 target.
F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report) CEO Christopher Blunt purchased 5,000 shares of the company's stock in a transaction dated Friday, January 2nd. The shares were bought at an average cost of $29.56 per share, for a total transaction of $147,800.00. Following the acquisition, the chief executive officer owned 1,117,396 shares in the company, valued at approximately $33,030,225.76. The trade was a 0.45% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
F&G Annuities & Life Stock Down 2.7%
FG opened at $30.00 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.45. The firm has a 50 day moving average price of $31.79 and a 200-day moving average price of $32.11. F&G Annuities & Life, Inc. has a twelve month low of $28.70 and a twelve month high of $47.76. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of 8.80 and a beta of 1.45.
F&G Annuities & Life (NYSE:FG - Get Free Report) last issued its earnings results on Tuesday, October 3rd. The company reported $1.45 earnings per share (EPS) for the quarter. The company had revenue of $496.00 million for the quarter. F&G Annuities & Life had a net margin of 8.40% and a return on equity of 11.41%. Equities research analysts forecast that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current year.
F&G Annuities & Life Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This is an increase from F&G Annuities & Life's previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a dividend yield of 3.3%. F&G Annuities & Life's dividend payout ratio is presently 29.33%.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Wall Street Zen raised F&G Annuities & Life from a "hold" rating to a "buy" rating in a research report on Saturday, November 1st. 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. Weiss Ratings restated a "hold (c)" rating on shares of F&G Annuities & Life in a research report on Monday. Barclays reduced 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 report on Wednesday, October 8th. Finally, Piper Sandler set a $33.00 price target on shares of F&G Annuities & Life in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $38.33.
Check Out Our Latest Analysis on F&G Annuities & Life
Hedge Funds Weigh In On F&G Annuities & Life
Large investors have recently added to or reduced their stakes in the company. Voya Investment Management LLC lifted its stake in shares of F&G Annuities & Life by 5.6% during the 1st quarter. Voya Investment Management LLC now owns 6,309 shares of the company's stock valued at $227,000 after buying an additional 334 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in F&G Annuities & Life by 18.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,174 shares of the company's stock worth $70,000 after buying an additional 337 shares in the last quarter. Stoneridge Investment Partners LLC raised its holdings in F&G Annuities & Life by 6.7% during the third quarter. Stoneridge Investment Partners LLC now owns 6,869 shares of the company's stock valued at $215,000 after acquiring an additional 429 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of F&G Annuities & Life by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,035 shares of the company's stock valued at $398,000 after acquiring an additional 452 shares in the last quarter. Finally, Belpointe Asset Management LLC lifted its position in shares of F&G Annuities & Life by 6.5% in the first quarter. Belpointe Asset Management LLC now owns 7,808 shares of the company's stock valued at $281,000 after acquiring an additional 474 shares in the last quarter. Hedge funds and other institutional investors own 95.86% of the company's stock.
F&G Annuities & Life Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
