Short Interest in F&G Annuities & Life, Inc. (NYSE:FG) Declines By 45.9%

F&G Annuities & Life, Inc. (NYSE:FG) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totaling 833,631 shares, a decrease of 45.9% from the December 31st total of 1,542,256 shares. Based on an average daily volume of 1,349,907 shares, the short-interest ratio is presently 0.6 days. Currently, 0.6% of the shares of the company are sold short. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 1,349,907 shares, the short-interest ratio is presently 0.6 days.

Insider Buying and Selling at F&G Annuities & Life

In other F&G Annuities & Life news, CEO Christopher O. Blunt acquired 5,000 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was acquired at an average cost of $29.56 per share, for a total transaction of $147,800.00. Following the completion of the transaction, the chief executive officer directly owned 1,117,396 shares of the company’s stock, valued at $33,030,225.76. This represents a 0.45% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On F&G Annuities & Life

Several institutional investors and hedge funds have recently modified their holdings of FG. Vanguard Group Inc. boosted its stake in F&G Annuities & Life by 85.4% during the 4th quarter. Vanguard Group Inc. now owns 3,807,765 shares of the company’s stock valued at $117,470,000 after acquiring an additional 1,753,709 shares during the last quarter. Ameriprise Financial Inc. grew its stake in F&G Annuities & Life by 870.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 642,313 shares of the company’s stock worth $20,085,000 after buying an additional 576,102 shares during the last quarter. Norges Bank bought a new stake in F&G Annuities & Life in the 2nd quarter valued at about $8,503,000. UBS Group AG boosted its position in shares of F&G Annuities & Life by 485.3% during the fourth quarter. UBS Group AG now owns 239,997 shares of the company’s stock worth $7,404,000 after buying an additional 198,993 shares during the period. Finally, Millennium Management LLC grew its stake 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 worth $7,834,000 after purchasing an additional 166,863 shares in the last quarter. Hedge funds and other institutional investors own 95.86% of the company’s stock.

F&G Annuities & Life Stock Performance

FG traded up $0.06 during trading on Friday, reaching $29.46. The company’s stock had a trading volume of 468,040 shares, compared to its average volume of 990,362. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.27 and a current ratio of 0.27. The company’s fifty day moving average price is $30.84 and its 200-day moving average price is $31.66. F&G Annuities & Life has a 52-week low of $26.45 and a 52-week high of $47.76. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 8.64 and a beta of 1.46.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings results on Thursday, November 6th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.02 by $0.20. F&G Annuities & Life had a return on equity of 11.41% and a net margin of 8.40%.The business had revenue of $737.00 million for the quarter, compared to analyst estimates of $1.40 billion. On average, equities analysts forecast that F&G Annuities & Life will post 5.54 earnings per share for the current fiscal year.

F&G Annuities & Life Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $1.00 annualized dividend and a dividend yield of 3.4%. This is a boost from F&G Annuities & Life’s previous quarterly dividend of $0.22. F&G Annuities & Life’s dividend payout ratio is presently 29.33%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FG. Zacks Research cut F&G Annuities & Life from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Wall Street Zen downgraded F&G Annuities & Life from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Weiss Ratings reissued a “hold (c)” rating on shares of F&G Annuities & Life in a research report on Monday, December 29th. Barclays set a $31.00 price objective on shares of F&G Annuities & Life in a report on Thursday, January 8th. Finally, Piper Sandler set a $33.00 price target on shares of F&G Annuities & Life in a research report on Tuesday, October 7th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $37.00.

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.