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

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in F&G Annuities & Life by 1.1% in the 1st 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 last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of F&G Annuities & Life by 18.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,371 shares of the company’s stock worth $218,000 after purchasing an additional 819 shares during the last quarter. Capital Advisors Wealth Management LLC increased its holdings in F&G Annuities & Life by 1.8% in the second quarter. Capital Advisors Wealth Management LLC now owns 19,216 shares of the company’s stock valued at $731,000 after purchasing an additional 344 shares during the period. Iron Horse Wealth Management LLC increased its holdings in F&G Annuities & Life by 723.4% in the second quarter. Iron Horse Wealth Management LLC now owns 2,923 shares of the company’s stock valued at $111,000 after purchasing an additional 2,568 shares during the period. Finally, Bank of New York Mellon Corp raised its position in F&G Annuities & Life by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 250,314 shares of the company’s stock worth $9,524,000 after purchasing an additional 3,331 shares during the last quarter. 95.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FG shares. Barclays upped their price objective on shares of F&G Annuities & Life from $44.00 to $46.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Piper Sandler upped 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 note on Wednesday, October 2nd.

F&G Annuities & Life Stock Performance

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

F&G Annuities & Life (NYSE:FG) last issued its earnings results on Wednesday, November 6th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. F&G Annuities & Life had a return on equity of 13.05% and a net margin of 0.22%. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the business posted $0.96 EPS. Sell-side analysts expect that F&G Annuities & Life will post 4.32 EPS for the current fiscal year.

F&G Annuities & Life Increases Dividend

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

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.