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In a recent transaction, Michael L. Gravelle, Executive Vice President, General Counsel, and Corporate Secretary of F&G Annuities & Life, Inc. (NYSE:FG), acquired 7,000 shares of the company’s common stock. The shares were purchased at a price of $36.00 each, amounting to a total investment of $252,000.
Following this transaction, Gravelle’s total direct ownership in F&G Annuities stands at 33,540 shares. This move reflects Gravelle’s continued confidence in the company’s prospects as part of his executive role.
Investors often closely monitor such insider transactions for potential insights into the company’s future performance. For deeper analysis, InvestingPro subscribers can access additional insights, including 6 more ProTips and a comprehensive Pro Research Report covering F&G Annuities’ financial health and growth prospects.
In other recent news, F&G Annuities & Life, Inc. has announced significant organizational changes with the appointment of Conor Murphy as the new Chief Financial Officer, effective April 1, 2025. This transition is part of the company’s strategic planning, as current CFO Wendy Young will shift to the role of Chief Liability Officer. Additionally, F&G has successfully priced and completed a public offering of $375 million in junior subordinated notes due in 2065, with the proceeds intended for general corporate purposes, including debt management. The notes, carrying a 7.300% interest rate, were issued under an agreement with Citibank, N.A., and are part of a broader strategy to manage capital and debt effectively.
Meanwhile, Fidelity National Financial (NYSE:FNF), Inc. has declared a quarterly cash dividend of $0.50 per share, maintaining its commitment to shareholder value. This dividend will be payable on March 31, 2025, to shareholders on record as of March 17, 2025. The announcement underscores Fidelity National’s financial stability and ongoing dedication to its investors. These developments reflect recent strategic and financial maneuvers by both F&G Annuities & Life and Fidelity National Financial, highlighting their focus on organizational and financial strategies.
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