Short Interest in F&G Annuities & Life, Inc. (NYSE:FG) Increases By 60.4%

F&G Annuities & Life, Inc. (NYSE:FG) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 1,337,154 shares, an increase of 60.4% from the January 15th total of 833,631 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 677,620 shares, the days-to-cover ratio is presently 2.0 days. Based on an average daily trading volume, of 677,620 shares, the days-to-cover ratio is presently 2.0 days. Currently, 1.0% of the company’s stock are short sold.

F&G Annuities & Life Stock Performance

F&G Annuities & Life stock traded up $0.21 during mid-day trading on Friday, hitting $28.42. 464,774 shares of the company’s stock traded hands, compared to its average volume of 563,068. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 8.34 and a beta of 1.46. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a 50 day simple moving average of $29.97 and a two-hundred day simple moving average of $31.43. F&G Annuities & Life has a fifty-two week low of $26.45 and a fifty-two week high of $47.76.

Insider Buying and Selling

In related news, CEO Christopher O. Blunt bought 5,000 shares of F&G Annuities & Life stock in a transaction that occurred on Friday, January 2nd. The stock was purchased at an average cost of $29.56 per share, for a total transaction of $147,800.00. Following the acquisition, the chief executive officer owned 1,117,396 shares in the company, valued at $33,030,225.76. This trade represents a 0.45% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On F&G Annuities & Life

Institutional investors have recently modified their holdings of the business. Elevated Capital Advisors LLC acquired a new position in F&G Annuities & Life in the 4th quarter worth about $27,000. Hantz Financial Services Inc. grew its position in F&G Annuities & Life by 29,066.7% in the 4th quarter. Hantz Financial Services Inc. now owns 875 shares of the company’s stock valued at $27,000 after purchasing an additional 872 shares during the period. Harbor Capital Advisors Inc. increased its holdings in F&G Annuities & Life by 474.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 902 shares of the company’s stock worth $28,000 after purchasing an additional 745 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of F&G Annuities & Life by 432.6% in the fourth quarter. GAMMA Investing LLC now owns 932 shares of the company’s stock valued at $29,000 after purchasing an additional 757 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in F&G Annuities & Life by 36,166.7% during the fourth quarter. Quadrant Capital Group LLC now owns 1,088 shares of the company’s stock worth $34,000 after acquiring an additional 1,085 shares during the period. Institutional investors and hedge funds own 95.86% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Zacks Research cut F&G Annuities & Life from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Wall Street Zen raised F&G Annuities & Life from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Weiss Ratings reissued a “hold (c)” rating on shares of F&G Annuities & Life in a research note on Monday, December 29th. Finally, Barclays set a $31.00 price objective on shares of F&G Annuities & Life in a research note on Thursday, January 8th. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $37.00.

About F&G Annuities & Life

F&G Annuities & Life is the principal life insurance and annuity subsidiary of F&G Financial Group, Inc (NYSE: FG), a publicly traded financial services holding company headquartered in Des Moines, Iowa. The company focuses on designing and issuing retirement income solutions that address longevity risk, capital preservation, and wealth transfer for individual and institutional clients.

Its product suite includes fixed indexed annuities, which offer the potential for market-linked growth with downside protection; fixed-rate annuities, delivering guaranteed interest over a defined term; and a range of life insurance policies such as term, universal, and variable universal life.