Short Interest in F&G Annuities & Life, Inc. (NYSE:FG) Decreases By 12.7%

F&G Annuities & Life, Inc. (NYSE:FG) was the target of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 340,800 shares, a decline of 12.7% from the October 31st total of 390,600 shares. Based on an average daily volume of 62,300 shares, the short-interest ratio is currently 5.5 days. Approximately 0.3% of the shares of the company are sold short.

Wall Street Analyst Weigh In

FG has been the topic of several recent research reports. Barclays raised their price objective on F&G Annuities & Life from $44.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Piper Sandler lifted their price target on shares of F&G Annuities & Life from $40.00 to $46.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd.

Institutional Investors Weigh In On F&G Annuities & Life

Hedge funds have recently made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of F&G Annuities & Life in the 3rd quarter worth about $6,369,000. American Century Companies Inc. raised its position in F&G Annuities & Life by 218.2% during the second quarter. American Century Companies Inc. now owns 118,592 shares of the company’s stock valued at $4,512,000 after purchasing an additional 81,328 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of F&G Annuities & Life by 25.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 322,714 shares of the company’s stock valued at $12,282,000 after purchasing an additional 64,669 shares during the last quarter. Barclays PLC boosted its holdings in shares of F&G Annuities & Life by 527.8% in 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. Finally, Principal Financial Group Inc. increased its position in shares of 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 valued at $5,381,000 after purchasing an additional 22,550 shares during the last quarter. 95.86% of the stock is currently owned by hedge funds and other institutional investors.

F&G Annuities & Life Stock Performance

Shares of NYSE FG traded down $1.82 during mid-day trading on Tuesday, reaching $46.94. The company’s stock had a trading volume of 50,298 shares, compared to its average volume of 86,482. 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 52 week low of $34.90 and a 52 week high of $50.75. The stock has a fifty day moving average of $44.21 and a two-hundred day moving average of $41.88.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.03. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.18 billion. F&G Annuities & Life had a return on equity of 13.05% and a net margin of 0.22%. During the same period in the prior year, the company posted $0.96 EPS. On average, analysts anticipate that F&G Annuities & Life will post 4.32 EPS for the current fiscal year.

F&G Annuities & Life Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.87%. This is a boost from F&G Annuities & Life’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, December 17th. F&G Annuities & Life’s payout ratio is -1,399.77%.

About F&G Annuities & Life

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.