Michael L. Gravelle Purchases 7,000 Shares of F&G Annuities & Life, Inc. (NYSE:FG) Stock

F&G Annuities & Life, Inc. (NYSE:FG) EVP Michael L. Gravelle purchased 7,000 shares of the business’s stock in a transaction on Thursday, March 27th. The shares were bought at an average price of $36.00 per share, for a total transaction of $252,000.00. Following the purchase, the executive vice president now directly owns 33,540 shares in the company, valued at $1,207,440. This represents a 26.38 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

F&G Annuities & Life Stock Performance

Shares of NYSE FG opened at $36.81 on Wednesday. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 7.59 and a beta of 1.72. F&G Annuities & Life, Inc. has a 12 month low of $34.08 and a 12 month high of $50.75. The company has a 50 day simple moving average of $42.00 and a two-hundred day simple moving average of $43.02. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.46.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings results on Thursday, February 20th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.13). The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.34 billion. F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. As a group, analysts predict that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current year.

F&G Annuities & Life Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.39%. The ex-dividend date was Monday, March 17th. F&G Annuities & Life’s dividend payout ratio is currently 18.14%.

Institutional Investors Weigh In On F&G Annuities & Life

Hedge funds have recently bought and sold shares of the stock. Federated Hermes Inc. boosted its stake in shares of F&G Annuities & Life by 476.6% during the 4th quarter. Federated Hermes Inc. now owns 888 shares of the company’s stock worth $37,000 after acquiring an additional 734 shares in the last quarter. Blue Trust Inc. boosted its position in F&G Annuities & Life by 59.6% during the fourth quarter. Blue Trust Inc. now owns 902 shares of the company’s stock worth $40,000 after purchasing an additional 337 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in F&G Annuities & Life in the fourth quarter valued at approximately $114,000. AlphaQuest LLC increased its position in shares of F&G Annuities & Life by 314,200.0% in the fourth quarter. AlphaQuest LLC now owns 3,143 shares of the company’s stock valued at $130,000 after buying an additional 3,142 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of F&G Annuities & Life during the 4th quarter worth approximately $141,000. Hedge funds and other institutional investors own 95.86% of the company’s stock.

Wall Street Analyst Weigh In

FG has been the topic of a number of research analyst reports. Stephens reissued an “equal weight” rating and set a $47.00 price objective on shares of F&G Annuities & Life in a report on Monday, February 24th. Barclays boosted their price target on F&G Annuities & Life from $46.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th.

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.