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

F&G Annuities & Life, Inc. (NYSE:FG) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 385,800 shares, a drop of 8.3% from the September 15th total of 420,900 shares. Based on an average daily trading volume, of 81,800 shares, the short-interest ratio is currently 4.7 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Investors Weigh In On F&G Annuities & Life

A number of hedge funds have recently bought and sold shares of FG. The Manufacturers Life Insurance Company grew its holdings in shares of F&G Annuities & Life by 1.8% in the second quarter. The Manufacturers Life Insurance Company now owns 15,088 shares of the company’s stock worth $574,000 after purchasing an additional 272 shares during the last quarter. Capital Advisors Wealth Management LLC grew its holdings in F&G Annuities & Life by 1.8% during the 2nd quarter. Capital Advisors Wealth Management LLC now owns 19,216 shares of the company’s stock worth $731,000 after acquiring an additional 344 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in F&G Annuities & Life by 18.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,371 shares of the company’s stock worth $218,000 after acquiring an additional 819 shares in the last quarter. Rhumbline Advisers lifted its position in shares of F&G Annuities & Life by 4.5% during the second quarter. Rhumbline Advisers now owns 35,808 shares of the company’s stock valued at $1,362,000 after buying an additional 1,551 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of F&G Annuities & Life by 24.4% during the second quarter. Commonwealth Equity Services LLC now owns 8,249 shares of the company’s stock valued at $314,000 after buying an additional 1,620 shares during the last quarter. Hedge funds and other institutional investors own 95.86% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on FG. Barclays dropped their target price on shares of F&G Annuities & Life from $45.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 8th. Piper Sandler boosted their price target on shares of F&G Annuities & Life from $40.00 to $46.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd.

F&G Annuities & Life Stock Down 0.9 %

Shares of F&G Annuities & Life stock traded down $0.39 during trading on Thursday, hitting $44.45. The company’s stock had a trading volume of 81,520 shares, compared to its average volume of 90,689. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The company has a fifty day simple moving average of $41.99 and a two-hundred day simple moving average of $40.55. The company has a market capitalization of $5.61 billion, a PE ratio of 22.87 and a beta of 1.20. F&G Annuities & Life has a 52 week low of $28.77 and a 52 week high of $48.71.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings results on Monday, August 5th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.12. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.36 billion. F&G Annuities & Life had a net margin of 6.25% and a return on equity of 13.94%. Equities research analysts predict that F&G Annuities & Life will post 4.32 earnings per share for the current year.

F&G Annuities & Life Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Monday, September 16th. F&G Annuities & Life’s dividend payout ratio (DPR) is presently 42.86%.

About F&G Annuities & Life

F&G Annuities & Life, Inc provides fixed annuities and life insurance products in the United States. The company portfolio includes fixed indexed annuities, multi-year guarantee annuities, and pension risk transfer solution, as well as indexed universal life insurance, institutional funding agreements, and index-linked annuities.