Short Interest in F&G Annuities & Life, Inc. (NYSE:FG) Grows By 28.5%

F&G Annuities & Life, Inc. (NYSE:FG) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 385,100 shares, an increase of 28.5% from the February 28th total of 299,700 shares. Based on an average daily volume of 148,100 shares, the short-interest ratio is presently 2.6 days. Approximately 0.3% of the shares of the company are sold short.

F&G Annuities & Life Price Performance

Shares of NYSE FG traded down $0.02 during trading on Wednesday, hitting $36.86. 561,275 shares of the company were exchanged, compared to its average volume of 107,076. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.25 and a quick ratio of 0.25. F&G Annuities & Life has a 1 year low of $34.08 and a 1 year high of $50.75. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 7.60 and a beta of 1.72. The firm’s fifty day moving average price is $42.00 and its 200 day moving average price is $43.02.

F&G Annuities & Life (NYSE:FG) last released its quarterly earnings data on Thursday, February 20th. The company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.13). F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.34 billion. On average, sell-side analysts expect that F&G Annuities & Life will post 5.54 earnings per share for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.88 annualized dividend and a yield of 2.39%. F&G Annuities & Life’s dividend payout ratio is presently 18.14%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Stephens reiterated an “equal weight” rating and set a $47.00 price target on shares of F&G Annuities & Life in a research note on Monday, February 24th. Barclays boosted their target price on F&G Annuities & Life from $46.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th.

Insider Buying and Selling

In related news, Director Celina J. Wang Doka bought 3,000 shares of the stock in a transaction on Tuesday, March 25th. The shares were bought at an average cost of $35.24 per share, for a total transaction of $105,720.00. Following the purchase, the director now owns 20,875 shares of the company’s stock, valued at $735,635. This trade represents a 16.78 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder National Financial I. Fidelity bought 4,500,000 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was bought at an average cost of $33.60 per share, for a total transaction of $151,200,000.00. Following the acquisition, the insider now owns 110,483,243 shares of the company’s stock, valued at approximately $3,712,236,964.80. This trade represents a 4.25 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 4,530,000 shares of company stock worth $152,273,820 in the last 90 days. Company insiders own 1.80% of the company’s stock.

Institutional Trading of F&G Annuities & Life

A number of institutional investors have recently bought and sold shares of the company. Blue Trust Inc. raised its stake in shares of F&G Annuities & Life by 59.6% during the 4th quarter. Blue Trust Inc. now owns 902 shares of the company’s stock worth $40,000 after buying an additional 337 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in F&G Annuities & Life by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,583 shares of the company’s stock worth $439,000 after acquiring an additional 386 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of F&G Annuities & Life by 1.6% in the fourth quarter. Rhumbline Advisers now owns 29,633 shares of the company’s stock valued at $1,228,000 after purchasing an additional 469 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of F&G Annuities & Life by 476.6% in the fourth quarter. Federated Hermes Inc. now owns 888 shares of the company’s stock valued at $37,000 after purchasing an additional 734 shares in the last quarter. Finally, Capital Advisors Wealth Management LLC grew its position in shares of F&G Annuities & Life by 5.0% in the fourth quarter. Capital Advisors Wealth Management LLC now owns 20,319 shares of the company’s stock valued at $842,000 after purchasing an additional 964 shares during the last quarter. 95.86% of the stock is currently owned by hedge funds and other institutional investors.

F&G Annuities & Life Company Profile

F&G Annuities & Life, Inc engages in the provision of fixed annuity and life insurance products. It specializes in life insurance, annuities, retirement planning and wealth transfer. The company was founded in 1959 and is headquartered in Des Moines, IA.