Insider Buying: F&G Annuities & Life, Inc. (NYSE:FG) EVP Acquires 7,000 Shares of Stock

F&G Annuities & Life, Inc. (NYSE:FG) EVP Michael L. Gravelle acquired 7,000 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was purchased at an average price of $36.00 per share, for a total transaction of $252,000.00. Following the completion of the acquisition, the executive vice president now owns 33,540 shares in the company, valued at $1,207,440. The trade was a 26.38 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

F&G Annuities & Life Trading Up 2.1 %

Shares of F&G Annuities & Life stock opened at $36.81 on Wednesday. F&G Annuities & Life, Inc. has a 1-year low of $34.08 and a 1-year high of $50.75. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.25 and a quick ratio of 0.25. The stock has a market cap of $4.67 billion, a P/E ratio of 7.59 and a beta of 1.72. The stock’s 50 day simple moving average is $42.00 and its 200-day simple moving average is $43.02.

F&G Annuities & Life (NYSE:FG) last issued its earnings results on Thursday, February 20th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.13). F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Analysts predict 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 announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date was Monday, March 17th. F&G Annuities & Life’s dividend payout ratio (DPR) is presently 18.14%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FG. Barclays lifted their price target on F&G Annuities & Life from $46.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Stephens reaffirmed an “equal weight” rating and set a $47.00 target price on shares of F&G Annuities & Life in a report on Monday, February 24th.

Hedge Funds Weigh In On F&G Annuities & Life

Institutional investors and hedge funds have recently bought and sold shares of the company. Ameriflex Group Inc. purchased a new stake in shares of F&G Annuities & Life during the 4th quarter valued at approximately $144,000. Mackenzie Financial Corp acquired a new stake in F&G Annuities & Life during the fourth quarter worth $210,000. Castlekeep Investment Advisors LLC purchased a new stake in F&G Annuities & Life in the fourth quarter valued at $1,717,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of F&G Annuities & Life by 16.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 50,056 shares of the company’s stock worth $2,074,000 after purchasing an additional 7,076 shares during the period. Finally, Point72 Asset Management L.P. increased its position in shares of F&G Annuities & Life by 60.6% during the 4th quarter. Point72 Asset Management L.P. now owns 18,713 shares of the company’s stock worth $775,000 after purchasing an additional 7,063 shares during the last quarter. 95.86% of the stock is currently owned by institutional investors and hedge funds.

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.