Insider Buying: The F&G Annuities & Life, Inc. (NYSE:FG) President Just Bought 3.9% More Shares
Investors who take an interest in F&G Annuities & Life, Inc. (NYSE:FG) should definitely note that the President, Christopher Blunt, recently paid US$16.32 per share to buy US$245k worth of the stock. Although the purchase only increased their holding by 3.9%, it is still a solid purchase in our view.
See our latest analysis for F&G Annuities & Life
The Last 12 Months Of Insider Transactions At F&G Annuities & Life
In fact, the recent purchase by President Christopher Blunt was not their only acquisition of F&G Annuities & Life shares this year. Earlier in the year, they paid US$19.41 per share in a US$600k purchase. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$17.44). Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Christopher Blunt was the only individual insider to buy shares in the last twelve months.
Christopher Blunt bought 110.18k shares over the last 12 months at an average price of US$18.75. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
F&G Annuities & Life is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership Of F&G Annuities & Life
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that F&G Annuities & Life insiders own 1.3% of the company, worth about US$28m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The F&G Annuities & Life Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest F&G Annuities & Life insiders are well aligned, and that they may think the share price is too low. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we found 1 warning sign for F&G Annuities & Life that deserve your attention before buying any shares.
But note: F&G Annuities & Life may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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