F&G Annuities & Life, Inc. (NYSE:FG) Sees Significant Growth in Short Interest

F&G Annuities & Life, Inc. (NYSE:FG) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 584,100 shares, a growth of 16.8% from the March 31st total of 499,900 shares. Based on an average daily volume of 112,300 shares, the short-interest ratio is presently 5.2 days. Currently, 0.5% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FG. CVA Family Office LLC purchased a new stake in F&G Annuities & Life during the fourth quarter worth $25,000. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of F&G Annuities & Life by 436.6% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,481 shares of the company’s stock valued at $42,000 after purchasing an additional 1,205 shares during the last quarter. International Assets Investment Management LLC purchased a new position in F&G Annuities & Life in the 4th quarter worth $55,000. Scarborough Advisors LLC purchased a new position in F&G Annuities & Life in the 4th quarter worth $70,000. Finally, ORG Partners LLC purchased a new position in F&G Annuities & Life in the 4th quarter worth $130,000. Institutional investors own 95.86% of the company’s stock.

F&G Annuities & Life Trading Down 3.8 %

Shares of FG stock opened at $37.82 on Wednesday. F&G Annuities & Life has a 12-month low of $14.76 and a 12-month high of $48.71. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.57. The stock’s 50-day moving average price is $38.64 and its 200-day moving average price is $40.27. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of -78.79 and a beta of 1.21.

F&G Annuities & Life (NYSE:FG) last issued its earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.42). The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.18 billion. F&G Annuities & Life had a positive return on equity of 12.33% and a negative net margin of 1.29%. Equities research analysts predict that F&G Annuities & Life will post 4.38 EPS for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.21 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.84 annualized dividend and a dividend yield of 2.22%. F&G Annuities & Life’s dividend payout ratio (DPR) is presently -175.00%.

F&G Annuities & Life Company Profile

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.