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

F&G Annuities & Life, Inc. (NYSE:FG) was the target of a significant 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. Currently, 1.2% of the company’s stock are sold short. Based on an average daily volume of 494,995 shares, the short-interest ratio is currently 3.3 days. Based on an average daily volume of 494,995 shares, the short-interest ratio is currently 3.3 days. Currently, 1.2% of the company’s stock are sold short.

Insider Activity at F&G Annuities & Life

In other F&G Annuities & Life news, CEO Christopher O. Blunt purchased 5,000 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was bought at an average cost of $29.56 per share, for a total transaction of $147,800.00. Following the completion of the purchase, the chief executive officer owned 1,117,396 shares in the company, valued at $33,030,225.76. This represents a 0.45% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, 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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new stake in shares of F&G Annuities & Life during the first quarter worth approximately $89,000. AQR Capital Management LLC acquired a new stake in F&G Annuities & Life during the 1st quarter worth $521,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of F&G Annuities & Life by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,035 shares of the company’s stock worth $398,000 after buying an additional 452 shares in the last quarter. Millennium Management LLC raised its position in shares of F&G Annuities & Life by 330.8% in the first quarter. Millennium Management LLC now owns 217,306 shares of the company’s stock valued at $7,834,000 after buying an additional 166,863 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of F&G Annuities & Life in the first quarter worth about $276,000. Hedge funds and other institutional investors own 95.86% of the company’s stock.

Wall Street Analysts Forecast Growth

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

F&G Annuities & Life Stock Up 1.0%

FG opened at $23.46 on Friday. The company has a fifty day moving average of $27.67 and a two-hundred day moving average of $30.60. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 12.82 and a beta of 1.59. F&G Annuities & Life has a fifty-two week low of $21.38 and a fifty-two week high of $42.84. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.27 and a current ratio of 0.26.

F&G Annuities & Life (NYSE:FG) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.43). The business had revenue of $739.00 million during the quarter, compared to analyst estimates of $1.55 billion. F&G Annuities & Life had a return on equity of 10.48% and a net margin of 4.62%. On average, research 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. Investors of record on Tuesday, March 17th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.3%. The ex-dividend date is Tuesday, March 17th. F&G Annuities & Life’s payout ratio is presently 54.64%.

About F&G Annuities & Life

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.