Short Interest in F&G Annuities & Life, Inc. (NYSE:FG) Increases By 28.5%

F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report) 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 days-to-cover ratio is currently 2.6 days. Currently, 0.3% of the company's stock are short sold.

Analyst Upgrades and Downgrades

FG has been the topic of a number of analyst reports. Stephens restated an "equal weight" rating and issued a $47.00 price objective on shares of F&G Annuities & Life in a report on Monday, February 24th. Barclays raised their price target on F&G Annuities & Life from $46.00 to $47.00 and gave the company an "equal weight" rating in a research note on Monday, January 6th.

Insider Activity

In related news, CEO Christopher O. Blunt purchased 10,000 shares of the business's stock in a transaction on Tuesday, March 25th. The shares were bought at an average price of $35.65 per share, for a total transaction of $356,500.00. Following the acquisition, the chief executive officer now directly owns 839,584 shares in the company, valued at $29,931,169.60. This trade represents a 1.21 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder National Financial I. Fidelity acquired 4,500,000 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was bought at an average price of $33.60 per share, with a total value of $151,200,000.00. Following the purchase, the insider now directly owns 110,483,243 shares in the company, valued at approximately $3,712,236,964.80. This trade represents a 4.25 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 4,530,000 shares of company stock valued at $152,273,820. 1.80% of the stock is currently owned by company insiders.

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Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of F&G Annuities & Life by 63.5% during the third quarter. JPMorgan Chase & Co. now owns 45,952 shares of the company's stock worth $2,055,000 after acquiring an additional 17,845 shares during the last quarter. Barclays PLC boosted its stake in F&G Annuities & Life by 527.8% during the 3rd quarter. Barclays PLC now owns 42,524 shares of the company's stock worth $1,902,000 after purchasing an additional 35,750 shares during the period. Principal Financial Group Inc. grew its position in F&G Annuities & Life by 23.1% during the 3rd quarter. Principal Financial Group Inc. now owns 120,336 shares of the company's stock worth $5,381,000 after purchasing an additional 22,550 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in F&G Annuities & Life in the third quarter valued at $521,000. Finally, Kelly Financial Group LLC purchased a new stake in shares of F&G Annuities & Life in the fourth quarter valued at about $4,144,000. Institutional investors and hedge funds own 95.86% of the company's stock.

F&G Annuities & Life Stock Down 0.1 %

FG stock traded down $0.02 during midday trading on Wednesday, reaching $36.86. 561,275 shares of the company were exchanged, compared to its average volume of 202,254. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 7.60 and a beta of 1.72. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.25 and a current ratio of 0.25. F&G Annuities & Life has a 1-year low of $34.08 and a 1-year high of $50.75. The stock's 50-day simple moving average is $42.00 and its 200 day simple moving average is $43.02.

F&G Annuities & Life (NYSE:FG - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.13). F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.34 billion. On average, equities analysts forecast that F&G Annuities & Life will post 5.54 earnings per share for the current year.

F&G Annuities & Life Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.22 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.39%. F&G Annuities & Life's dividend payout ratio (DPR) is presently 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.