Insider Stock Buying Reaches US$3.25m On F&G Annuities & Life

It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in F&G Annuities & Life, Inc.'s (NYSE:FG) case, it's fantastic news for shareholders.

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

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F&G Annuities & Life Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when CEO & Director Christopher Blunt bought US$470k worth of shares at a price of US$31.31 per share. So it's clear an insider wanted to buy, at around the current price, which is US$33.54. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for F&G Annuities & Life share holders is that insiders were buying at near the current price.

In the last twelve months insiders purchased 98.01k shares for US$3.3m. On the other hand they divested 1.25k shares, for US$59k. Overall, F&G Annuities & Life insiders were net buyers during the last year. 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!

Check out our latest analysis for F&G Annuities & Life

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Insiders At F&G Annuities & Life Have Bought Stock Recently

Over the last three months, we've seen significant insider buying at F&G Annuities & Life. We can see that CEO & Director Christopher Blunt paid US$238k for shares in the company. No-one sold. This could be interpreted as suggesting a positive outlook.

Does F&G Annuities & Life Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. F&G Annuities & Life insiders own about US$91m worth of shares. That equates to 2.0% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About F&G Annuities & Life Insiders?

It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. Given that insiders also own a fair bit of F&G Annuities & Life we think they are probably pretty confident of a bright future. Of course, the future is what matters most. So if you are interested in F&G Annuities & Life, you should check out this free report on analyst forecasts for the company.

Of course F&G Annuities & Life may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

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 of direct interests only, but not derivative transactions or indirect interests.

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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.