F&G Annuities & Life, Inc. (NYSE:FG) Short Interest Up 10.7% in August

F&G Annuities & Life, Inc. (NYSE:FG) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 771,800 shares, an increase of 10.7% from the August 15th total of 697,400 shares. Based on an average daily volume of 197,400 shares, the short-interest ratio is presently 3.9 days. Approximately 0.6% of the shares of the company are sold short.

F&G Annuities & Life Trading Up 1.4 %

Shares of NYSE:FG traded up $0.40 during trading on Monday, reaching $28.51. The company had a trading volume of 174,033 shares, compared to its average volume of 194,823. The stock’s fifty day moving average price is $27.11 and its 200 day moving average price is $22.14. F&G Annuities & Life has a fifty-two week low of $9.03 and a fifty-two week high of $35.00. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.62.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.63 earnings per share for the quarter. The business had revenue of $1.17 billion for the quarter. Analysts anticipate that F&G Annuities & Life will post 3.17 earnings per share for the current year.

F&G Annuities & Life Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Thursday, September 14th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in F&G Annuities & Life by 63.0% in the second quarter. BlackRock Inc. now owns 1,288,241 shares of the company’s stock valued at $31,923,000 after purchasing an additional 497,749 shares during the last quarter. Madison Avenue Partners LP acquired a new stake in F&G Annuities & Life in the fourth quarter valued at $18,210,000. Basswood Capital Management L.L.C. grew its holdings in F&G Annuities & Life by 2,045.8% in the first quarter. Basswood Capital Management L.L.C. now owns 612,711 shares of the company’s stock valued at $11,102,000 after purchasing an additional 584,157 shares during the last quarter. State Street Corp grew its holdings in F&G Annuities & Life by 30.5% in the second quarter. State Street Corp now owns 393,658 shares of the company’s stock valued at $9,755,000 after purchasing an additional 91,942 shares during the last quarter. Finally, Ancora Advisors LLC grew its holdings in F&G Annuities & Life by 34.8% in the first quarter. Ancora Advisors LLC now owns 375,109 shares of the company’s stock valued at $6,797,000 after purchasing an additional 96,853 shares during the last quarter. Institutional investors and hedge funds own 96.46% of the company’s stock.

Analyst Ratings Changes

Separately, Stephens reissued an “equal weight” rating and issued a $19.00 target price on shares of F&G Annuities & Life in a report on Wednesday, August 9th.

About F&G Annuities & Life

F&G Annuities & Life, Inc provides fixed annuities and life insurance products in the United States. It serves retail annuity and life customers, as well as institutional clients. The company portfolio includes fixed indexed annuities, multi-year guarantee annuities, and pension risk transfer solution, as well as indexed universal life insurance and institutional funding agreements.