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 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. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 148,100 shares, the short-interest ratio is currently 2.6 days.

Insider Transactions at F&G Annuities & Life

In other F&G Annuities & Life news, Director Celina J. Wang Doka purchased 3,000 shares of the company’s stock in a transaction on Tuesday, March 25th. The stock was acquired at an average price of $35.24 per share, for a total transaction of $105,720.00. Following the completion of the purchase, the director now directly owns 20,875 shares in the company, valued at approximately $735,635. The trade was a 16.78 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher O. Blunt acquired 10,000 shares of F&G Annuities & Life stock in a transaction dated Thursday, March 27th. The stock was bought at an average price of $35.96 per share, for a total transaction of $359,600.00. Following the completion of the purchase, the chief executive officer now owns 849,584 shares of the company’s stock, valued at approximately $30,551,040.64. This represents a 1.19 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 4,530,000 shares of company stock worth $152,273,820 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Institutional Trading of F&G Annuities & Life

Several institutional investors have recently modified their holdings of the stock. Castlekeep Investment Advisors LLC purchased a new stake in F&G Annuities & Life in the fourth quarter valued at $72,007,000. State Street Corp lifted its holdings in shares of F&G Annuities & Life by 1.2% in the 3rd quarter. State Street Corp now owns 413,210 shares of the company’s stock valued at $18,479,000 after purchasing an additional 4,910 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of F&G Annuities & Life by 11.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 413,202 shares of the company’s stock valued at $17,123,000 after purchasing an additional 42,081 shares during the period. Geode Capital Management LLC boosted its position in shares of F&G Annuities & Life by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 405,047 shares of the company’s stock valued at $18,117,000 after purchasing an additional 3,453 shares during the period. Finally, Norges Bank purchased a new position in F&G Annuities & Life during the 4th quarter worth approximately $14,321,000. Hedge funds and other institutional investors own 95.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FG. Stephens restated an “equal weight” rating and set a $47.00 price target on shares of F&G Annuities & Life in a report on Monday, February 24th. Barclays upped their target price on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th.

F&G Annuities & Life Stock Down 0.1 %

Shares of FG stock traded down $0.02 on Wednesday, reaching $36.86. 561,275 shares of the stock were exchanged, compared to its average volume of 107,076. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 7.60 and a beta of 1.72. The business’s 50 day moving average price is $42.00 and its 200 day moving average price is $43.02. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.46. F&G Annuities & Life has a twelve month low of $34.08 and a twelve month high of $50.75.

F&G Annuities & Life (NYSE:FG) last released its quarterly earnings data on Thursday, February 20th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.34 billion. As a group, 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 business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.22 per share. The ex-dividend date was Monday, March 17th. This represents a $0.88 dividend on an annualized basis and a yield of 2.39%. F&G Annuities & Life’s payout ratio is currently 18.14%.

About F&G Annuities & Life

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.