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

F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report) was the target of a significant decrease in short interest in 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. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 292,800 shares, the days-to-cover ratio is presently 1.2 days.

F&G Annuities & Life Trading Up 2.4 %

NYSE FG traded up $0.84 during trading hours on Friday, reaching $36.07. The company had a trading volume of 16,154 shares, compared to its average volume of 131,733. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $4.57 billion, a P/E ratio of 7.43 and a beta of 1.83. The stock has a 50-day moving average of $37.22 and a 200 day moving average of $41.69. F&G Annuities & Life has a 1-year low of $31.26 and a 1-year high of $50.75.

F&G Annuities & Life (NYSE:FG - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.34 billion. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 dividend yield of 2.44%. F&G Annuities & Life's dividend payout ratio is currently 18.14%.

Wall Street Analyst Weigh In

FG has been the subject of a number of analyst reports. Barclays dropped their price objective on shares of 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. 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.

Insider Transactions at F&G Annuities & Life

In related news, major shareholder National Financial I. Fidelity acquired 4,500,000 shares of the stock in a transaction on Monday, March 24th. The shares were bought at an average price of $33.60 per share, with a total value of $151,200,000.00. Following the completion of the purchase, the insider now owns 110,483,243 shares of the company's stock, valued at approximately $3,712,236,964.80. This represents a 4.25 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael L. Gravelle bought 7,000 shares of the business's stock in a transaction on Thursday, March 27th. The stock was bought 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 in the company, valued at approximately $1,207,440. The trade was a 26.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 4,530,000 shares of company stock valued at $152,273,820 over the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On F&G Annuities & Life

Institutional investors and hedge funds have recently modified their holdings of the company. Federated Hermes Inc. boosted its holdings in F&G Annuities & Life by 476.6% during the 4th quarter. Federated Hermes Inc. now owns 888 shares of the company's stock valued at $37,000 after acquiring an additional 734 shares during the period. Blue Trust Inc. boosted its stake in shares of F&G Annuities & Life by 59.6% in the fourth quarter. Blue Trust Inc. now owns 902 shares of the company's stock valued at $40,000 after purchasing an additional 337 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of F&G Annuities & Life in the fourth quarter valued at approximately $114,000. AlphaQuest LLC increased its stake in F&G Annuities & Life by 314,200.0% during the 4th quarter. AlphaQuest LLC now owns 3,143 shares of the company's stock worth $130,000 after buying an additional 3,142 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in F&G Annuities & Life during the 4th quarter worth approximately $141,000. Hedge funds and other institutional investors own 95.86% of the company's stock.

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.