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

F&G Annuities & Life, Inc. (NYSE:FG) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 405,700 shares, an increase of 5.2% from the September 30th total of 385,800 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 71,800 shares, the days-to-cover ratio is currently 5.7 days.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Piper Sandler raised their price target on shares of F&G Annuities & Life from $40.00 to $46.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Barclays lowered their price target on shares of F&G Annuities & Life from $45.00 to $44.00 and set an “equal weight” rating for the company in a report on Tuesday, October 8th.

F&G Annuities & Life Trading Down 1.7 %

F&G Annuities & Life stock traded down $0.72 during mid-day trading on Thursday, hitting $40.97. 25,296 shares of the stock were exchanged, compared to its average volume of 88,392. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. F&G Annuities & Life has a 12 month low of $30.03 and a 12 month high of $48.71. The firm’s fifty day simple moving average is $42.54 and its two-hundred day simple moving average is $40.74. The stock 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 (NYSE:FG) last announced its quarterly earnings data on Monday, August 5th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.98 by $0.12. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.36 billion. F&G Annuities & Life had a net margin of 6.25% and a return on equity of 13.94%. Analysts forecast that F&G Annuities & Life will post 4.32 EPS for the current year.

Institutional Trading of F&G Annuities & Life

Large investors have recently modified their holdings of the stock. Blue Trust Inc. grew its position in shares of F&G Annuities & Life by 1,386.8% during the 3rd quarter. Blue Trust Inc. now owns 565 shares of the company’s stock worth $25,000 after buying an additional 527 shares during the period. Iron Horse Wealth Management LLC grew its position in F&G Annuities & Life by 723.4% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 2,923 shares of the company’s stock valued at $111,000 after purchasing an additional 2,568 shares during the period. SG Americas Securities LLC acquired a new stake in F&G Annuities & Life in the 3rd quarter valued at $169,000. Convergence Investment Partners LLC acquired a new stake in F&G Annuities & Life in the 2nd quarter valued at $205,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in F&G Annuities & Life in the 2nd quarter valued at $215,000. Institutional investors and hedge funds own 95.86% of the company’s stock.

F&G Annuities & Life Company Profile

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.