F&G Annuities & Life, Inc. (NYSE:FG) Short Interest Update

F&G Annuities & Life, Inc. (NYSE:FG) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 1,621,481 shares, an increase of 21.3% from the January 29th total of 1,337,154 shares. Based on an average daily volume of 494,995 shares, the short-interest ratio is presently 3.3 days. Approximately 1.2% of the company’s shares are sold short. Approximately 1.2% of the company’s shares are sold short. Based on an average daily volume of 494,995 shares, the short-interest ratio is presently 3.3 days.

Insider Buying and Selling at F&G Annuities & Life

In other F&G Annuities & Life news, CEO Christopher O. Blunt purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were purchased at an average cost of $29.56 per share, with a total value of $147,800.00. Following the completion of the transaction, the chief executive officer owned 1,117,396 shares of the company’s stock, valued at approximately $33,030,225.76. This represents a 0.45% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On F&G Annuities & Life

Large investors have recently made changes to their positions in the company. CSM Advisors LLC bought a new stake in F&G Annuities & Life in the second quarter valued at about $3,863,000. American Century Companies Inc. grew its position in shares of F&G Annuities & Life by 23.4% during the 2nd quarter. American Century Companies Inc. now owns 365,343 shares of the company’s stock worth $11,684,000 after buying an additional 69,242 shares during the period. Jupiter Asset Management Ltd. bought a new stake in shares of F&G Annuities & Life in the 2nd quarter valued at about $1,916,000. Wedge Capital Management L L P NC acquired a new stake in shares of F&G Annuities & Life in the 3rd quarter valued at approximately $1,434,000. Finally, Denali Advisors LLC boosted its stake in F&G Annuities & Life by 28.7% during the 3rd quarter. Denali Advisors LLC now owns 223,161 shares of the company’s stock worth $6,978,000 after acquiring an additional 49,728 shares during the last quarter. Institutional investors and hedge funds own 95.86% of the company’s stock.

F&G Annuities & Life Price Performance

F&G Annuities & Life stock traded down $0.12 during mid-day trading on Thursday, hitting $23.10. 195,167 shares of the company were exchanged, compared to its average volume of 770,799. F&G Annuities & Life has a 1-year low of $21.38 and a 1-year high of $42.84. The company has a quick ratio of 0.27, a current ratio of 0.26 and a debt-to-equity ratio of 0.45. The business has a fifty day moving average of $27.84 and a 200 day moving average of $30.65. The company has a market capitalization of $3.13 billion, a PE ratio of 12.62 and a beta of 1.59.

F&G Annuities & Life (NYSE:FG) last announced its earnings results on Thursday, February 19th. The company reported $0.91 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.43). F&G Annuities & Life had a return on equity of 10.48% and a net margin of 4.62%.The business had revenue of $739.00 million during the quarter, compared to analyst estimates of $1.55 billion. As a group, sell-side analysts expect that F&G Annuities & Life will post 5.54 earnings per share for the current year.

F&G Annuities & Life Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Tuesday, March 17th. F&G Annuities & Life’s dividend payout ratio (DPR) is presently 54.64%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FG shares. Zacks Research cut shares of F&G Annuities & Life from a “hold” rating to a “strong sell” rating in a report on Monday, February 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of F&G Annuities & Life in a report on Monday, December 29th. Barclays set a $31.00 target price on F&G Annuities & Life in a report on Thursday, January 8th. Finally, Wall Street Zen downgraded F&G Annuities & Life from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $32.00.

F&G Annuities & Life Company Profile

F&G Annuities & Life is the principal life insurance and annuity subsidiary of F&G Financial Group, Inc (NYSE: FG), a publicly traded financial services holding company headquartered in Des Moines, Iowa. The company focuses on designing and issuing retirement income solutions that address longevity risk, capital preservation, and wealth transfer for individual and institutional clients.

Its product suite includes fixed indexed annuities, which offer the potential for market-linked growth with downside protection; fixed-rate annuities, delivering guaranteed interest over a defined term; and a range of life insurance policies such as term, universal, and variable universal life.