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

F&G Annuities & Life, Inc. (NYSE:FG) was the target of a large 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. Approximately 0.5% of the shares of the stock are short sold.

F&G Annuities & Life Stock Down 3.8 %

FG opened at $37.82 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.21 and a current ratio of 0.21. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of -78.79 and a beta of 1.21. F&G Annuities & Life has a twelve month low of $14.76 and a twelve month high of $48.71. The firm’s 50-day simple moving average is $38.64 and its 200-day simple moving average is $40.27.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.42). The company 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 anticipate that F&G Annuities & Life will post 4.38 EPS for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Thursday, March 14th. F&G Annuities & Life’s dividend payout ratio is -175.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Simplicity Wealth LLC bought a new position in F&G Annuities & Life during the 1st quarter worth approximately $443,000. Capital Advisors Wealth Management LLC lifted its stake in F&G Annuities & Life by 12.8% in the first quarter. Capital Advisors Wealth Management LLC now owns 18,872 shares of the company’s stock valued at $765,000 after buying an additional 2,142 shares in the last quarter. Scarborough Advisors LLC bought a new position in F&G Annuities & Life in the fourth quarter valued at approximately $70,000. AdvisorShares Investments LLC bought a new position in F&G Annuities & Life in the fourth quarter valued at approximately $451,000. Finally, Belpointe Asset Management LLC bought a new position in F&G Annuities & Life in the fourth quarter valued at approximately $217,000. Institutional investors 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.