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

F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 405,700 shares, a growth of 5.2% from the September 30th total of 385,800 shares. Based on an average trading volume of 71,800 shares, the short-interest ratio is presently 5.7 days. Approximately 0.3% of the company's shares are short sold.

F&G Annuities & Life Stock Down 3.9 %

FG traded down $1.64 during trading hours on Thursday, reaching $40.05. 84,475 shares of the stock traded hands, compared to its average volume of 88,673. F&G Annuities & Life has a fifty-two week low of $30.03 and a fifty-two week high of $48.71. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market cap of $5.05 billion, a price-to-earnings ratio of 20.43 and a beta of 1.20. The firm's fifty day simple moving average is $42.53 and its two-hundred day simple moving average is $40.73.

F&G Annuities & Life (NYSE:FG - Get Free Report) last released its quarterly earnings results on Monday, August 5th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.98 by $0.12. F&G Annuities & Life had a return on equity of 13.94% and a net margin of 6.25%. The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.36 billion. As a group, analysts forecast that F&G Annuities & Life will post 4.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FG has been the topic of a number of recent research reports. Barclays reduced their price objective on F&G Annuities & Life from $45.00 to $44.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 8th. Piper Sandler boosted their price target on F&G Annuities & Life from $40.00 to $46.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 2nd.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its stake in F&G Annuities & Life by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 15,088 shares of the company's stock worth $574,000 after acquiring an additional 272 shares during the period. Iron Horse Wealth Management LLC lifted its position in F&G Annuities & Life by 10.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 3,235 shares of the company's stock valued at $145,000 after purchasing an additional 312 shares during the last quarter. Capital Advisors Wealth Management LLC boosted its position in shares of F&G Annuities & Life by 1.8% during the second quarter. Capital Advisors Wealth Management LLC now owns 19,216 shares of the company's stock worth $731,000 after buying an additional 344 shares during the period. Blue Trust Inc. increased its position in F&G Annuities & Life by 1,386.8% in the 3rd quarter. Blue Trust Inc. now owns 565 shares of the company's stock valued at $25,000 after acquiring an additional 527 shares during the period. Finally, Arthur M. Cohen & Associates LLC raised its stake in F&G Annuities & Life by 2.1% during the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 34,815 shares of the company's stock valued at $1,468,000 after acquiring an additional 725 shares in the last quarter. 95.86% of the stock is owned by institutional investors and hedge funds.

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.