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

F&G Annuities & Life, Inc. (NYSE:FG) saw a significant drop in short interest in January. As of January 15th, there was short interest totaling 833,631 shares, a drop of 45.9% from the December 31st total of 1,542,256 shares. Based on an average trading volume of 1,349,907 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.6% of the company’s stock are sold short. Currently, 0.6% of the company’s stock are sold short. Based on an average trading volume of 1,349,907 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Ratings Changes

FG has been the topic of several research analyst reports. Piper Sandler set a $33.00 target price on shares of F&G Annuities & Life in a research note on Tuesday, October 7th. Zacks Research lowered F&G Annuities & Life from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Barclays set a $31.00 price target on shares of F&G Annuities & Life in a research report on Thursday, January 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of F&G Annuities & Life in a report on Monday, December 29th. Finally, Wall Street Zen lowered shares of F&G Annuities & Life from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $37.00.

F&G Annuities & Life Trading Up 0.2%

Shares of NYSE:FG traded up $0.06 during mid-day trading on Friday, hitting $29.46. The stock had a trading volume of 468,040 shares, compared to its average volume of 990,362. F&G Annuities & Life has a 12-month low of $26.45 and a 12-month high of $47.76. The company has a market cap of $3.97 billion, a PE ratio of 8.64 and a beta of 1.46. 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 50 day moving average is $30.84 and its 200-day moving average is $31.65.

F&G Annuities & Life (NYSE:FG) last issued its earnings results on Thursday, November 6th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $737.00 million for the quarter, compared to the consensus estimate of $1.40 billion. On average, sell-side analysts predict that F&G Annuities & Life will post 5.54 EPS for the current year.

F&G Annuities & Life Increases Dividend

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

Insider Activity

In other news, CEO Christopher O. Blunt acquired 5,000 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were purchased at an average price of $29.56 per share, for a total transaction of $147,800.00. Following the acquisition, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of F&G Annuities & Life by 85.4% in the fourth quarter. Vanguard Group Inc. now owns 3,807,765 shares of the company’s stock valued at $117,470,000 after purchasing an additional 1,753,709 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in F&G Annuities & Life by 870.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 642,313 shares of the company’s stock valued at $20,085,000 after buying an additional 576,102 shares during the last quarter. Norges Bank acquired a new stake in F&G Annuities & Life in the 2nd quarter valued at approximately $8,503,000. UBS Group AG increased its position in F&G Annuities & Life by 485.3% in the 4th 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 lifted its holdings in shares of F&G Annuities & Life by 330.8% during the first quarter. Millennium Management LLC now owns 217,306 shares of the company’s stock worth $7,834,000 after buying an additional 166,863 shares during the last quarter. Institutional investors and hedge funds own 95.86% of the company’s stock.

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.