F&G Annuities & Life, Inc. (NYSE:FG) Short Interest Up 5.2% in October

F&G Annuities & Life, Inc. (NYSE:FG) was the target 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. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 71,800 shares, the days-to-cover ratio is currently 5.7 days.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Piper Sandler raised their price target on F&G Annuities & Life from $40.00 to $46.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Barclays cut their price objective 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.

F&G Annuities & Life Stock Performance

Shares of FG opened at $40.37 on Friday. The stock’s 50-day simple moving average is $42.50 and its 200 day simple moving average is $40.76. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 16.34 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. F&G Annuities & Life has a 52-week low of $30.99 and a 52-week high of $48.71.

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, beating the consensus estimate 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 firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.36 billion. Research analysts forecast that F&G Annuities & Life will post 4.32 EPS for the current fiscal year.

Institutional Investors Weigh In On F&G Annuities & Life

A number of large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its position in shares of F&G Annuities & Life by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,088 shares of the company’s stock worth $574,000 after buying an additional 272 shares during the period. Iron Horse Wealth Management LLC grew its holdings in F&G Annuities & Life by 10.7% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 3,235 shares of the company’s stock valued at $145,000 after buying an additional 312 shares in the last quarter. Capital Advisors Wealth Management LLC grew its holdings in F&G Annuities & Life by 1.8% during the 2nd quarter. Capital Advisors Wealth Management LLC now owns 19,216 shares of the company’s stock valued at $731,000 after buying an additional 344 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of F&G Annuities & Life by 1,386.8% in the third quarter. Blue Trust Inc. now owns 565 shares of the company’s stock valued at $25,000 after purchasing an additional 527 shares in the last quarter. Finally, Arthur M. Cohen & Associates LLC grew its holdings in shares of F&G Annuities & Life by 2.1% in the third quarter. Arthur M. Cohen & Associates LLC now owns 34,815 shares of the company’s stock valued at $1,468,000 after purchasing an additional 725 shares in the last quarter. 95.86% of the stock is currently owned by institutional investors.

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.