F&G Annuities & Life, Inc. Sees Significant Increase in Short Interest

F&G Annuities & Life, Inc. (NYSE:FG) has recently experienced a noticeable rise in short interest during January. As of January 31st, short interest reached 340,200 shares, which represents an increase of 5.4% from the previous total of 322,900 shares reported on January 15th. This means that roughly 0.3% of the company's shares are currently sold short. Given the average daily trading volume of 63,800 shares, the ratio for short interest now stands at 5.3 days.

F&G Annuities & Life Stock Trends

On Monday, F&G Annuities & Life's shares increased by 1.2%, with the stock trading at $47.01. The trading volume for the day was 55,140 shares, compared to its typical volume of 60,846. The company has a 50-day simple moving average of $43.37 and a 200-day simple moving average of $43.13. Over the past year, the stock reached a low of $34.90 and a high of $50.75. Its market capitalization is $5.93 billion, with a current ratio of 0.25 and a quick ratio of 0.25. The debt-to-equity ratio stands at 0.46, and the price-to-earnings (P/E) ratio is recorded at -783.34, while the stock's beta is 1.66.

Institutional Investments in F&G Annuities & Life

Recent shifts in institutional holdings indicate growing interest in F&G Annuities & Life. For instance, Blue Trust Inc. boosted its stake in the company by an astounding 1,386.8% during the third quarter, now holding 565 shares valued at $25,000 after acquiring an additional 527 shares. Meanwhile, Federated Hermes Inc. increased its position by 476.6% in the fourth quarter, amassing 888 shares valued at $37,000 after purchasing 734 extra shares. Additionally, BNP Paribas Financial Markets made a new investment worth around $114,000 during the same period. AlphaQuest LLC has made a dramatic increase in its position, growing its holdings by 314,200% to own 3,143 shares worth $130,000 after acquiring 3,142 shares. Lastly, KLP Kapitalforvaltning AS established a new position in F&G Annuities & Life valued at approximately $141,000. Collectively, hedge funds and other institutional investors now own 95.86% of the company's shares.

Analyst Price Targets for F&G Annuities & Life

In analyst updates, Barclays has raised its target price for F&G Annuities & Life from $46.00 to $47.00, assigning the stock an "equal weight" rating in a report published on January 6th.

About F&G Annuities & Life

F&G Annuities & Life, Inc. specializes in providing fixed annuity and life insurance products, focusing on areas like life insurance, annuities, retirement planning, and wealth transfer. Established in 1959, the company is headquartered in Des Moines, Iowa.

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