Insider Buying: F&G Annuities & Life (NYSE:FG) Director Purchases $99,864.80 in Stock

F&G Annuities & Life, Inc. (NYSE:FG) Director Celina Wang Doka bought 4,760 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average price of $20.98 per share, with a total value of $99,864.80. Following the acquisition, the director owned 32,071 shares of the company’s stock, valued at $672,849.58. This represents a 17.43% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

F&G Annuities & Life Stock Performance

NYSE:FG opened at $20.95 on Monday. The stock has a market cap of $2.84 billion, a P/E ratio of 11.45 and a beta of 1.59. The firm’s fifty day simple moving average is $26.51 and its 200 day simple moving average is $30.00. F&G Annuities & Life, Inc. has a twelve month low of $20.57 and a twelve month high of $42.84. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.45.

F&G Annuities & Life (NYSE:FG) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.43). F&G Annuities & Life had a net margin of 4.62% and a return on equity of 10.48%. The company had revenue of $739.00 million for the quarter, compared to analysts’ expectations of $1.55 billion. As a group, research analysts predict that F&G Annuities & Life, Inc. will post 5.54 EPS for the current year.

F&G Annuities & Life Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors 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 payout ratio is currently 54.64%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Zacks Research cut F&G Annuities & Life from a “hold” rating to a “strong sell” rating in a research report on Monday, February 23rd. Barclays set a $31.00 target price on F&G Annuities & Life in a research report on Thursday, January 8th. Wall Street Zen lowered F&G Annuities & Life from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of F&G Annuities & Life in a research note on Monday, December 29th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $32.00.

Hedge Funds Weigh In On F&G Annuities & Life

Institutional investors and hedge funds have recently made changes to their positions in the business. Ameritas Investment Partners Inc. lifted its holdings in shares of F&G Annuities & Life by 18.3% during the second quarter. Ameritas Investment Partners Inc. now owns 2,174 shares of the company’s stock valued at $70,000 after purchasing an additional 337 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of F&G Annuities & Life by 30.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,574 shares of the company’s stock worth $49,000 after buying an additional 363 shares during the last quarter. Stoneridge Investment Partners LLC increased its position in F&G Annuities & Life by 6.7% during the 3rd quarter. Stoneridge Investment Partners LLC now owns 6,869 shares of the company’s stock valued at $215,000 after buying an additional 429 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in F&G Annuities & Life by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,035 shares of the company’s stock valued at $398,000 after buying an additional 452 shares in the last quarter. Finally, Apella Capital LLC raised its stake in F&G Annuities & Life by 4.5% during the fourth quarter. Apella Capital LLC now owns 10,551 shares of the company’s stock valued at $325,000 after buying an additional 458 shares during the last quarter. Institutional investors own 95.86% of the company’s stock.

About F&G Annuities & Life

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.