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

F&G Annuities & Life, Inc. (NYSE:FG) was the target of a significant increase in short interest during the month of 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 shares of the company are sold short. Based on an average daily trading volume, of 677,620 shares, the short-interest ratio is currently 2.0 days. Based on an average daily trading volume, of 677,620 shares, the short-interest ratio is currently 2.0 days. Currently, 1.0% of the shares of the company are sold short.

F&G Annuities & Life Trading Up 0.8%

Shares of NYSE FG traded up $0.21 during midday trading on Friday, reaching $28.42. 464,774 shares of the stock were exchanged, compared to its average volume of 547,399. The company has a 50 day simple moving average of $29.97 and a 200 day simple moving average of $31.43. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a market capitalization of $3.83 billion, a P/E ratio of 8.34 and a beta of 1.47. F&G Annuities & Life has a twelve month low of $26.45 and a twelve month high of $47.76.

Insider Buying and Selling at F&G Annuities & Life

In other news, CEO Christopher O. Blunt bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were purchased at an average price of $29.56 per share, for a total transaction of $147,800.00. Following the completion of the transaction, the chief executive officer directly owned 1,117,396 shares in the company, valued at approximately $33,030,225.76. This represents a 0.45% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FG. Elevated Capital Advisors LLC acquired a new position in F&G Annuities & Life in the 4th quarter valued at about $27,000. Hantz Financial Services Inc. raised its position in shares of F&G Annuities & Life by 29,066.7% in the fourth quarter. Hantz Financial Services Inc. now owns 875 shares of the company’s stock valued at $27,000 after buying an additional 872 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of F&G Annuities & Life by 474.5% during the third quarter. Harbor Capital Advisors Inc. now owns 902 shares of the company’s stock valued at $28,000 after buying an additional 745 shares during the period. GAMMA Investing LLC boosted its position in F&G Annuities & Life by 432.6% during the fourth quarter. GAMMA Investing LLC now owns 932 shares of the company’s stock worth $29,000 after acquiring an additional 757 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its stake in F&G Annuities & Life by 36,166.7% in the 4th 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. 95.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

F&G Annuities & Life Company Profile

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.