F&G Annuities’ Dividend Appeal Grows as CEO Boosts Shareholding

F&G Annuities & Life, Inc. (NYSE:FG) is one of the 10 dividend bargains trading below insiders’ prices.

Amid mixed Q1 earnings call and lowered price target, the company’s top executive makes a bold purchase of the stock.

F&G Annuities’ Dividend Appeal Grows as CEO Boosts Shareholding

An elderly customer discussing her retirement options with a smiling life insurance agent.

F&G Annuities & Life, Inc. (NYSE:FG), based in Iowa, provides fixed indexed annuities, multi-year guaranteed annuities, registered index‑linked annuities, universal life insurance, and pension risk transfer solutions. The company has a client base comprised of both retail and institutional clients. Operating through its core subsidiary, Fidelity & Guaranty Life, the company delivers retirement and wealth protection services across the U.S.

While keeping an Equal Weight rating, Barclays lowered the price target on F&G Annuities & Life, Inc. (NYSE:FG) from $41 to $40 earlier this May. Piper Sandler also maintained a Hold rating on the stock, but with a comparatively lower price target of $34.00. These sentiments reflected the mixed earnings call results, where the company, while celebrating a record in assets under management (AUM) and significant sales in fixed indexed annuities, also reported declining MYGA sales and lower adjusted net earnings.

However, also in May, CEO Christopher O. Blunt purchased 51,000 shares across five consecutive trading sessions, boosting insider confidence. The total investment exceeded $1.59 million, with the most recent price paid by the executive standing at $31.88 per share.

With a current stock price available at a bargain of $31.55 and a dividend yield of 2.75%, the CEO’s steady accumulation indicates confidence in the company’s income potential at this valuation.

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