Key Points
- CEO Christopher Blunt bought 10,000 shares at an average price of $20.99 for $209,900, increasing his stake to 1,107,128 shares (a 0.91% rise) — disclosed on an SEC Form 4.
- The company declared a quarterly dividend of $0.25 per share (annualized $1.00), representing a 4.8% yield; the record and ex-dividend date is March 17 and payment is March 31.
- F&G missed expectations last quarter with EPS of $0.91 vs. $1.34 expected and revenue of $739M vs. $1.55B expected, and analysts hold a consensus "Reduce" rating with a $32 price target.
F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report) Director Celina Wang Doka purchased 4,760 shares of the company's stock in a transaction on Friday, March 13th. The shares were bought at an average price of $20.98 per share, for a total transaction of $99,864.80. Following the completion of the transaction, the director directly owned 32,071 shares in the company, valued at $672,849.58. This represents a 17.43% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
F&G Annuities & Life Trading Up 1.2%
F&G Annuities & Life stock opened at $20.95 on Friday. The firm has a 50 day simple moving average of $26.51 and a 200-day simple moving average of $30.07. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.26 and a quick ratio of 0.26. The stock has a market capitalization of $2.84 billion, a PE ratio of 11.45 and a beta of 1.59. F&G Annuities & Life, Inc. has a 12-month low of $20.57 and a 12-month high of $42.84.
F&G Annuities & Life (NYSE:FG - Get Free Report) last announced its earnings results on Thursday, February 19th. The company reported $0.91 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.43). F&G Annuities & Life had a return on equity of 10.48% and a net margin of 4.62%.The firm had revenue of $739.00 million for the quarter, compared to the consensus estimate of $1.55 billion. As a group, equities research 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 declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, March 17th. This represents a $1.00 annualized dividend and a dividend yield of 4.8%. F&G Annuities & Life's dividend payout ratio (DPR) is 54.64%.
Analyst Ratings Changes
Several analysts have recently weighed in on the company. Wall Street Zen lowered F&G Annuities & Life from a "buy" rating to a "hold" rating in a report on Saturday, February 21st. Barclays set a $31.00 target price on F&G Annuities & Life in a report on Thursday, January 8th. Weiss Ratings reiterated a "hold (c)" rating on shares of F&G Annuities & Life in a research report on Monday, December 29th. Finally, Zacks Research downgraded shares of F&G Annuities & Life from a "hold" rating to a "strong sell" rating in a report on Monday, February 23rd. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $32.00.
View Our Latest Report on FG
Institutional Investors Weigh In On F&G Annuities & Life
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of F&G Annuities & Life by 85.4% during the 4th quarter. Vanguard Group Inc. now owns 3,807,765 shares of the company's stock worth $117,470,000 after acquiring an additional 1,753,709 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of F&G Annuities & Life by 870.1% during the third quarter. Ameriprise Financial Inc. now owns 642,313 shares of the company's stock worth $20,085,000 after purchasing an additional 576,102 shares during the period. Norges Bank purchased a new stake in shares of F&G Annuities & Life during the fourth quarter valued at $14,568,000. State Street Corp boosted its position in shares of F&G Annuities & Life by 93.6% in the 4th quarter. State Street Corp now owns 847,443 shares of the company's stock valued at $26,144,000 after purchasing an additional 409,743 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of F&G Annuities & Life by 445.3% in the 4th quarter. AQR Capital Management LLC now owns 465,295 shares of the company's stock valued at $14,354,000 after purchasing an additional 379,970 shares during the period. 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 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.
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