F&G Annuities & Life, Inc. (NYSE:FG) Short Interest Update

F&G Annuities & Life, Inc. (NYSE:FG) was the recipient of a large growth in short interest during the month of 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. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 71,800 shares, the days-to-cover ratio is presently 5.7 days.

F&G Annuities & Life Stock Performance

Shares of NYSE FG traded down $0.72 during mid-day trading on Thursday, reaching $40.97. 25,296 shares of the company’s stock were exchanged, compared to its average volume of 88,392. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 21.26 and a beta of 1.20. F&G Annuities & Life has a 52 week low of $30.03 and a 52 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 firm has a 50-day moving average price of $42.54 and a two-hundred day moving average price of $40.74.

F&G Annuities & Life (NYSE:FG) last released its earnings results on Monday, August 5th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Analysts predict that F&G Annuities & Life will post 4.32 EPS for the current year.

Institutional Investors Weigh In On F&G Annuities & Life

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FG. GSA Capital Partners LLP raised its stake in F&G Annuities & Life by 39.9% in the 1st quarter. GSA Capital Partners LLP now owns 17,023 shares of the company’s stock valued at $690,000 after acquiring an additional 4,856 shares during the period. State Board of Administration of Florida Retirement System raised its stake in F&G Annuities & Life by 258.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 19,270 shares of the company’s stock valued at $781,000 after acquiring an additional 13,890 shares during the period. Jupiter Asset Management Ltd. bought a new stake in F&G Annuities & Life in the 1st quarter valued at about $510,000. Vanguard Group Inc. raised its stake in F&G Annuities & Life by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 1,878,492 shares of the company’s stock valued at $76,173,000 after acquiring an additional 21,253 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in F&G Annuities & Life by 18.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,371 shares of the company’s stock valued at $218,000 after acquiring an additional 819 shares during the period. 95.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FG has been the topic of a number of recent analyst reports. Piper Sandler lifted their target price on F&G Annuities & Life from $40.00 to $46.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Barclays lowered their target price 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.

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.