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

F&G Annuities & Life, Inc. (NYSE:FG) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 385,100 shares, a growth of 28.5% from the February 28th total of 299,700 shares. Based on an average daily volume of 148,100 shares, the short-interest ratio is presently 2.6 days. Approximately 0.3% of the shares of the company are sold short.

Insider Transactions at F&G Annuities & Life

In other F&G Annuities & Life news, EVP Michael L. Gravelle purchased 7,000 shares of F&G Annuities & Life stock in a transaction that occurred on Thursday, March 27th. The stock was purchased at an average price of $36.00 per share, for a total transaction of $252,000.00. Following the transaction, the executive vice president now directly owns 33,540 shares in the company, valued at $1,207,440. This trade represents a 26.38 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder National Financial I. Fidelity acquired 4,500,000 shares of the stock in a transaction on Monday, March 24th. The shares were acquired at an average cost of $33.60 per share, for a total transaction of $151,200,000.00. Following the completion of the transaction, the insider now directly owns 110,483,243 shares in the company, valued at $3,712,236,964.80. The trade was a 4.25 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 4,530,000 shares of company stock worth $152,273,820. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On F&G Annuities & Life

Several hedge funds have recently bought and sold shares of the company. Ameriflex Group Inc. acquired a new stake in F&G Annuities & Life in the fourth quarter valued at $144,000. Mackenzie Financial Corp acquired a new stake in F&G Annuities & Life in the 4th quarter valued at about $210,000. Castlekeep Investment Advisors LLC purchased a new position in F&G Annuities & Life during the 4th quarter valued at about $1,717,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in F&G Annuities & Life by 16.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 50,056 shares of the company’s stock worth $2,074,000 after acquiring an additional 7,076 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of F&G Annuities & Life by 60.6% in the fourth quarter. Point72 Asset Management L.P. now owns 18,713 shares of the company’s stock valued at $775,000 after purchasing an additional 7,063 shares in the last quarter. 95.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on FG. Stephens reaffirmed an “equal weight” rating and set a $47.00 price objective on shares of F&G Annuities & Life in a research report on Monday, February 24th. Barclays lifted their price objective on shares of 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.

F&G Annuities & Life Stock Performance

NYSE FG opened at $36.86 on Thursday. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 7.60 and a beta of 1.72. The business’s 50 day moving average is $41.87 and its two-hundred day moving average is $42.98. F&G Annuities & Life has a 12-month low of $34.08 and a 12-month high of $50.75. 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 (NYSE:FG) last posted its quarterly earnings results on Thursday, February 20th. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.13). The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.34 billion. F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. Research analysts expect that F&G Annuities & Life will post 5.54 EPS for the current year.

F&G Annuities & Life Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Monday, March 17th. F&G Annuities & Life’s dividend payout ratio is currently 18.14%.

F&G Annuities & Life Company Profile

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.