Short Interest in F&G Annuities & Life, Inc. (NYSE:FG) Decreases By 19.6%

F&G Annuities & Life, Inc. (NYSE:FG) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 518,500 shares, a drop of 19.6% from the May 31st total of 645,000 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 87,800 shares, the short-interest ratio is currently 5.9 days.

Institutional Investors Weigh In On F&G Annuities & Life

Institutional investors have recently bought and sold shares of the business. CVA Family Office LLC acquired a new stake in F&G Annuities & Life during the fourth quarter worth $25,000. International Assets Investment Management LLC acquired a new stake in F&G Annuities & Life during the fourth quarter worth $55,000. Scarborough Advisors LLC acquired a new stake in F&G Annuities & Life during the fourth quarter worth $70,000. ORG Partners LLC bought a new position in shares of F&G Annuities & Life during the fourth quarter valued at $130,000. Finally, Belpointe Asset Management LLC bought a new position in shares of F&G Annuities & Life during the fourth quarter valued at $217,000. Institutional investors and hedge funds own 95.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lowered their price objective on shares of F&G Annuities & Life from $43.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday.

F&G Annuities & Life Trading Down 0.9 %

Shares of F&G Annuities & Life stock opened at $37.69 on Tuesday. The company’s fifty day simple moving average is $39.44 and its 200-day simple moving average is $40.93. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 19.23 and a beta of 1.24. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.47. F&G Annuities & Life has a 1 year low of $22.95 and a 1 year high of $48.71.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.03). F&G Annuities & Life had a return on equity of 13.22% and a net margin of 4.85%. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.21 billion. As a group, sell-side analysts expect that F&G Annuities & Life will post 4.3 EPS for the current year.

F&G Annuities & Life Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, June 14th. This represents a $0.84 dividend on an annualized basis and a yield of 2.23%. F&G Annuities & Life’s dividend payout ratio is currently 42.86%.

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.