F&G Annuities & Life, Inc. (NYSE:FG) Short Interest Down 12.7% in November

F&G Annuities & Life, Inc. (NYSE:FG) was the recipient of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 340,800 shares, a decline of 12.7% from the October 31st total of 390,600 shares. Based on an average daily volume of 62,300 shares, the short-interest ratio is presently 5.5 days. Currently, 0.3% of the company’s shares are short sold.

Analysts Set New Price Targets

A number of research firms recently weighed in on FG. Barclays increased their price objective on shares of F&G Annuities & Life from $44.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Piper Sandler raised their price target on F&G Annuities & Life from $40.00 to $46.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in F&G Annuities & Life by 1.1% during the first quarter. Vanguard Group Inc. now owns 1,878,492 shares of the company’s stock valued at $76,173,000 after buying an additional 21,253 shares during the period. Principal Financial Group Inc. boosted its position in F&G Annuities & Life by 23.1% during the 3rd quarter. Principal Financial Group Inc. now owns 120,336 shares of the company’s stock valued at $5,381,000 after acquiring an additional 22,550 shares in the last quarter. Denali Advisors LLC increased its holdings in shares of F&G Annuities & Life by 14,687.8% in the 2nd quarter. Denali Advisors LLC now owns 17,006 shares of the company’s stock valued at $647,000 after acquiring an additional 16,891 shares during the period. Dimensional Fund Advisors LP raised its position in shares of F&G Annuities & Life by 25.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 322,714 shares of the company’s stock worth $12,282,000 after acquiring an additional 64,669 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of F&G Annuities & Life by 218.2% during the 2nd quarter. American Century Companies Inc. now owns 118,592 shares of the company’s stock worth $4,512,000 after purchasing an additional 81,328 shares during the last quarter. Hedge funds and other institutional investors own 95.86% of the company’s stock.

F&G Annuities & Life Stock Down 3.7 %

F&G Annuities & Life stock traded down $1.82 during trading hours on Tuesday, hitting $46.94. The company had a trading volume of 50,298 shares, compared to its average volume of 86,482. The company has a 50-day moving average price of $44.21 and a two-hundred day moving average price of $41.88. F&G Annuities & Life has a 1 year low of $34.90 and a 1 year high of $50.75. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.25 and a quick ratio of 0.25.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.03. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.18 billion. F&G Annuities & Life had a return on equity of 13.05% and a net margin of 0.22%. During the same quarter in the prior year, the firm earned $0.96 earnings per share. On average, analysts forecast that F&G Annuities & Life will post 4.32 earnings per share for the current year.

F&G Annuities & Life Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This is a positive change from F&G Annuities & Life’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 1.87%. F&G Annuities & Life’s dividend payout ratio is -1,399.77%.

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.