SoFi CEO enters prepaid forward contract on 1.5 million shares
In a recent transaction, Christopher O. Blunt, the Chief Executive Officer of F&G Annuities & Life, Inc. (NYSE:FG), acquired 10,000 shares of the company’s common stock. The shares were purchased at an average price of approximately $35.03, with the total transaction valued at $350,274. This purchase increases Blunt’s direct ownership to over 829,584 shares. The transaction was executed in multiple trades with prices ranging from $34.945 to $35.1459. The company, which maintains a healthy financial profile with a GOOD overall health score and trades at an attractive P/E ratio of 8.7x, appears undervalued according to InvestingPro’s Fair Value analysis. Get access to comprehensive insider trading patterns and 8 additional ProTips with an InvestingPro subscription.
In other recent news, F&G Annuities & Life, Inc. has announced a public offering of $375 million in junior subordinated notes due in 2065. The 7.300% notes, which are set to mature in 2065, will pay interest quarterly starting in April 2025. The company intends to use the net proceeds for general corporate purposes, including repurchasing, redeeming, or repaying outstanding debt. F&G Annuities has also appointed Conor Murphy as its new Chief Financial Officer, effective April 1, 2025. Murphy, who has extensive experience in the industry, will transition from his role as President and CEO of Resolution Life US.
Additionally, Fidelity National Financial (NYSE:FNF), Inc. declared a quarterly cash dividend of $0.50 per share on its common stock, payable at the end of March 2025. This announcement underscores Fidelity National’s commitment to delivering shareholder value. Meanwhile, F&G Annuities continues to strategically manage its capital and debts, as indicated by its recent financial maneuvers. These developments were disclosed in recent SEC filings and press releases by the companies involved.
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