F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 359,900 shares, a decrease of 48.0% from the March 31st total of 692,100 shares. Currently, 0.3% of the company's shares are sold short. Based on an average daily volume of 292,800 shares, the short-interest ratio is presently 1.2 days.
F&G Annuities & Life Stock Performance
Shares of NYSE FG traded up $0.68 during trading on Tuesday, reaching $35.77. 339,894 shares of the company traded hands, compared to its average volume of 130,759. The stock has a market cap of $4.53 billion, a P/E ratio of 7.38 and a beta of 1.83. The firm's fifty day simple moving average is $37.44 and its 200 day simple moving average is $41.80. 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 12-month low of $31.26 and a 12-month high of $50.75.
F&G Annuities & Life (NYSE:FG - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.25 by ($0.13). The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.34 billion. F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. As a group, research analysts anticipate that F&G Annuities & Life will post 5.54 earnings per share for the current fiscal year.
F&G Annuities & Life Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.88 annualized dividend and a yield of 2.46%. F&G Annuities & Life's dividend payout ratio is presently 18.14%.
Insider Buying and Selling at F&G Annuities & Life
In other news, Director Celina J. Wang Doka bought 3,000 shares of the stock in a transaction dated Tuesday, March 25th. The stock was purchased at an average price of $35.24 per share, for a total transaction of $105,720.00. Following the acquisition, the director now owns 20,875 shares of the company's stock, valued at $735,635. The trade was a 16.78 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Christopher O. Blunt acquired 10,000 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was purchased at an average cost of $35.96 per share, with a total value of $359,600.00. Following the purchase, the chief executive officer now owns 849,584 shares of the company's stock, valued at $30,551,040.64. The trade was a 1.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 4,530,000 shares of company stock worth $152,273,820 over the last ninety days. Company insiders own 1.80% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FG. Castlekeep Investment Advisors LLC acquired a new stake in shares of F&G Annuities & Life during the 4th quarter valued at about $72,007,000. Dimensional Fund Advisors LP lifted its position in shares of F&G Annuities & Life by 11.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 413,202 shares of the company's stock valued at $17,123,000 after buying an additional 42,081 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of F&G Annuities & Life by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 405,047 shares of the company's stock valued at $18,117,000 after buying an additional 3,453 shares in the last quarter. Norges Bank acquired a new stake in F&G Annuities & Life in the 4th quarter valued at $14,321,000. Finally, Bank of New York Mellon Corp increased its holdings in F&G Annuities & Life by 8.7% in the 4th quarter. Bank of New York Mellon Corp now owns 256,267 shares of the company's stock worth $10,620,000 after acquiring an additional 20,559 shares in the last quarter. Hedge funds and other institutional investors own 95.86% of the company's stock.
Analyst Ratings Changes
A number of brokerages have commented on FG. Stephens reaffirmed an "equal weight" rating and set a $47.00 price target on shares of F&G Annuities & Life in a research report on Monday, February 24th. Barclays decreased their target price on F&G Annuities & Life from $47.00 to $41.00 and set an "equal weight" rating for the company in a report on Friday, April 11th.
Check Out Our Latest Stock Report on FG
About F&G Annuities & Life
(
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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.
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