F&G Annuities & Life, Inc. (NYSE:FG) Short Interest Down 45.9% in January

F&G Annuities & Life, Inc. (NYSE:FG) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 833,631 shares, a decline of 45.9% from the December 31st total of 1,542,256 shares. Based on an average trading volume of 1,349,907 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.6% of the shares of the company are short sold. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 1,349,907 shares, the days-to-cover ratio is presently 0.6 days.

Insider Buying and Selling

In related news, CEO Christopher O. Blunt bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was purchased at an average cost of $29.56 per share, for a total transaction of $147,800.00. Following the purchase, the chief executive officer directly owned 1,117,396 shares in the company, valued at $33,030,225.76. This trade represents a 0.45% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.10% of the stock is currently owned by insiders.

Institutional Trading of F&G Annuities & Life

A number of large investors have recently bought and sold shares of FG. Elevated Capital Advisors LLC acquired a new stake in F&G Annuities & Life during the 4th quarter worth approximately $27,000. Harbor Capital Advisors Inc. raised its holdings in shares of F&G Annuities & Life by 474.5% during the third quarter. Harbor Capital Advisors Inc. now owns 902 shares of the company’s stock worth $28,000 after acquiring an additional 745 shares during the period. GAMMA Investing LLC lifted its position in F&G Annuities & Life by 432.6% in the 4th quarter. GAMMA Investing LLC now owns 932 shares of the company’s stock valued at $29,000 after acquiring an additional 757 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in F&G Annuities & Life by 83.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,211 shares of the company’s stock valued at $38,000 after acquiring an additional 552 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in F&G Annuities & Life in the 4th quarter worth $39,000. 95.86% of the stock is owned by institutional investors.

F&G Annuities & Life Trading Up 0.2%

NYSE:FG traded up $0.06 during trading hours on Friday, hitting $29.46. The stock had a trading volume of 468,040 shares, compared to its average volume of 990,362. The business’s 50 day moving average is $30.84 and its 200-day moving average is $31.65. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 8.64 and a beta of 1.46. F&G Annuities & Life has a one year low of $26.45 and a one year high of $47.76.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings results on Thursday, November 6th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.20. F&G Annuities & Life had a net margin of 8.40% and a return on equity of 11.41%. The company had revenue of $737.00 million during the quarter, compared to analyst estimates of $1.40 billion. Sell-side analysts anticipate that F&G Annuities & Life will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were given a dividend of $0.25 per share. This is an increase from F&G Annuities & Life’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Wednesday, December 17th. F&G Annuities & Life’s payout ratio is 29.33%.

Analyst Ratings Changes

Several analysts have recently weighed in on FG shares. Weiss Ratings reissued a “hold (c)” rating on shares of F&G Annuities & Life in a report on Monday, December 29th. Barclays set a $31.00 price target on F&G Annuities & Life in a research report on Thursday, January 8th. Piper Sandler set a $33.00 price objective on shares of F&G Annuities & Life in a report on Tuesday, October 7th. Zacks Research lowered F&G Annuities & Life from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Finally, Wall Street Zen cut shares of F&G Annuities & Life from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $37.00.

About F&G Annuities & Life

F&G Annuities & Life is the principal life insurance and annuity subsidiary of F&G Financial Group, Inc (NYSE: FG), a publicly traded financial services holding company headquartered in Des Moines, Iowa. The company focuses on designing and issuing retirement income solutions that address longevity risk, capital preservation, and wealth transfer for individual and institutional clients.

Its product suite includes fixed indexed annuities, which offer the potential for market-linked growth with downside protection; fixed-rate annuities, delivering guaranteed interest over a defined term; and a range of life insurance policies such as term, universal, and variable universal life.