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 January. As of January 31st, there was short interest totalling 340,200 shares, an increase of 5.4% from the January 15th total of 322,900 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 63,800 shares, the short-interest ratio is presently 5.3 days.

Institutional Investors Weigh In On F&G Annuities & Life

Institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in shares of F&G Annuities & Life by 23.1% during the third quarter. Principal Financial Group Inc. now owns 120,336 shares of the company’s stock worth $5,381,000 after acquiring an additional 22,550 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of F&G Annuities & Life by 63.5% during the third quarter. JPMorgan Chase & Co. now owns 45,952 shares of the company’s stock worth $2,055,000 after acquiring an additional 17,845 shares during the last quarter. Barclays PLC raised its position in shares of F&G Annuities & Life by 527.8% during the third quarter. Barclays PLC now owns 42,524 shares of the company’s stock worth $1,902,000 after acquiring an additional 35,750 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in F&G Annuities & Life in the third quarter valued at about $521,000. Finally, Geode Capital Management LLC increased its holdings in F&G Annuities & Life by 0.9% in the third 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 last quarter. Institutional investors own 95.86% of the company’s stock.

F&G Annuities & Life Trading Down 1.6 %

FG stock opened at $46.28 on Wednesday. The company has a market cap of $5.84 billion, a P/E ratio of -771.27 and a beta of 1.66. F&G Annuities & Life has a twelve month low of $34.90 and a twelve month high of $50.75. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.46. The business has a fifty day moving average of $43.45 and a 200-day moving average of $43.23.

Analysts Set New Price Targets

Separately, Barclays increased their price objective on F&G Annuities & Life from $46.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th.

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.