Short Interest in F&G Annuities & Life, Inc. (NYSE:FG) Grows By 79.7%

F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 692,100 shares, a growth of 79.7% from the March 15th total of 385,100 shares. Based on an average trading volume of 254,900 shares, the days-to-cover ratio is presently 2.7 days. Currently, 0.5% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Stephens restated an "equal weight" rating and set a $47.00 target price on shares of F&G Annuities & Life in a research report on Monday, February 24th. Barclays cut their target price on shares of F&G Annuities & Life from $47.00 to $41.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th.

F&G Annuities & Life Stock Down 4.3 %

Shares of F&G Annuities & Life stock traded down $1.49 during trading on Monday, reaching $33.31. The company's stock had a trading volume of 38,479 shares, compared to its average volume of 126,303. The company has a 50-day simple moving average of $39.02 and a two-hundred day simple moving average of $42.19. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.46. F&G Annuities & Life has a 1-year low of $31.26 and a 1-year high of $50.75. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 6.87 and a beta of 1.83.

F&G Annuities & Life (NYSE:FG - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $1.12 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.34 billion. As a group, 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 business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid 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 2.64%. F&G Annuities & Life's payout ratio is 18.14%.

Insider Buying and Selling

In related news, major shareholder National Financial I. Fidelity bought 4,500,000 shares of the company's stock in a transaction dated Monday, March 24th. The stock was purchased at an average price of $33.60 per share, for a total transaction of $151,200,000.00. Following the acquisition, the insider now owns 110,483,243 shares in the company, valued at $3,712,236,964.80. This trade represents a 4.25 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michael L. Gravelle acquired 7,000 shares of the company's stock in a transaction on Thursday, March 27th. The shares were purchased at an average cost of $36.00 per share, with a total value of $252,000.00. Following the completion of the purchase, the executive vice president now directly owns 33,540 shares of the company's stock, valued at $1,207,440. This trade represents a 26.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 4,530,000 shares of company stock valued at $152,273,820. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On F&G Annuities & Life

Several institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of F&G Annuities & Life by 63.5% in the third quarter. JPMorgan Chase & Co. now owns 45,952 shares of the company's stock worth $2,055,000 after buying an additional 17,845 shares in the last quarter. Barclays PLC increased its stake in F&G Annuities & Life by 527.8% during the third 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. increased its stake 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 buying an additional 22,550 shares during the period. Kelly Financial Group LLC acquired a new stake in shares of F&G Annuities & Life in the fourth quarter valued at $4,144,000. Finally, Rhumbline Advisers grew its position in shares of F&G Annuities & Life by 1.6% during the fourth quarter. Rhumbline Advisers now owns 29,633 shares of the company's stock worth $1,228,000 after buying an additional 469 shares in the last quarter. 95.86% of the stock is owned by hedge funds and other institutional investors.

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.