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

F&G Annuities & Life, Inc. (NYSE:FG) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 584,100 shares, an increase of 16.8% from the March 31st total of 499,900 shares. Based on an average daily volume of 112,300 shares, the days-to-cover ratio is presently 5.2 days. Currently, 0.5% of the shares of the company are sold short.

F&G Annuities & Life Trading Up 1.0 %

Shares of NYSE:FG opened at $39.03 on Monday. The company has a market cap of $4.93 billion, a P/E ratio of -81.31 and a beta of 1.21. The stock’s 50-day moving average is $38.75 and its 200-day moving average is $40.19. F&G Annuities & Life has a 52-week low of $14.76 and a 52-week high of $48.71. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.21 and a current ratio of 0.21.

F&G Annuities & Life (NYSE:FG) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.42). The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.18 billion. F&G Annuities & Life had a negative net margin of 1.29% and a positive return on equity of 12.33%. Equities research analysts predict that F&G Annuities & Life will post 4.38 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 Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Thursday, March 14th. F&G Annuities & Life’s payout ratio is presently -175.00%.

Institutional Investors Weigh In On F&G Annuities & Life

Several hedge funds have recently made changes to their positions in FG. Vanguard Group Inc. lifted its stake in shares of F&G Annuities & Life by 41.5% in the third quarter. Vanguard Group Inc. now owns 1,457,972 shares of the company’s stock valued at $40,911,000 after buying an additional 427,640 shares during the period. Norges Bank bought a new stake in shares of F&G Annuities & Life in the fourth quarter valued at about $8,203,000. Charles Schwab Investment Management Inc. lifted its stake in shares of F&G Annuities & Life by 29.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 184,895 shares of the company’s stock valued at $5,188,000 after buying an additional 42,340 shares during the period. Allen Investment Management LLC bought a new stake in shares of F&G Annuities & Life in the third quarter valued at about $923,000. Finally, Van Hulzen Asset Management LLC bought a new stake in shares of F&G Annuities & Life in the fourth quarter valued at about $939,000. Institutional investors own 95.86% of the company’s stock.

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.