Usually, when one insider buys stock, it might not be a monumental event. But when multiple insiders are buying like they did in the case of F&G Annuities & Life, Inc. (NYSE:FG), that sends out a positive message to the company's shareholders.

Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.

The Last 12 Months Of Insider Transactions At F&G Annuities & Life

The CEO & Director Christopher Blunt made the biggest insider purchase in the last 12 months. That single transaction was for US$470k worth of shares at a price of US$31.31 each. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$28.38). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

In the last twelve months insiders purchased 108.00k shares for US$3.6m. But insiders sold 3.00k shares worth US$101k. In the last twelve months there was more buying than selling by F&G Annuities & Life insiders. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

F&G Annuities & Life is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

F&G Annuities & Life Insiders Bought Stock Recently

It's good to see that F&G Annuities & Life insiders have made notable investments in the company's shares. We can see that CEO & Director Christopher Blunt paid US$297k for shares in the company. No-one sold. This makes one think the business has some good points.

Insider Ownership Of F&G Annuities & Life

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. F&G Annuities & Life insiders own about US$92m worth of shares. That equates to 2.5% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At F&G Annuities & Life Tell Us?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. Insiders likely see value in F&G Annuities & Life shares, given these transactions (along with notable insider ownership of the company). If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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 of direct interests only, but not derivative transactions or indirect interests.

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.