F&G Annuities & Life Experiences Growth in Short Interest and Stock Activity

In January, F&G Annuities & Life, Inc. (NYSE: FG) saw a significant uptick in short interest, reaching 1,337,154 shares by January 30. This marks a 60.4% increase from mid-month figures. With an average daily trading volume of 677,620 shares, the current days-to-cover ratio stands at approximately 2.0. Short sales now account for about 1.0% of the company's shares.

Leadership and Insider Activity

CEO Christopher O. Blunt increased his stake in the company by purchasing 5,000 shares at an average price of $29.56, totaling $147,800. His post-transaction ownership is 1,117,396 shares, valued around $33.03 million. This transaction, reported to the SEC, reflects an insider ownership of 2.10% of F&G Annuities & Life's stock.

Institutional Interest and Analysts' Ratings

Institutional interest in F&G Annuities & Life remains significant, with various investors adjusting their holdings. Elevated Capital Advisors LLC started a new position in the fourth quarter valued at $27,000. Hantz Financial Services Inc. notably increased its holdings by 872 shares to a total of 875, valued similarly. Other firms like Harbor Capital Advisors Inc. and GAMMA Investing LLC expanded their stakes in recent quarters.

Analyst insights show mixed views on the company's performance. Zacks Research has revised its rating from "strong-buy" to "hold," while Wall Street Zen improved its outlook to "buy." The consensus among analysts, as per MarketBeat, is a "Hold" with a target price of $37.00.

Market Standing and Product Offering

F&G Annuities & Life shares recently traded at $28.42 against a trading volume of 464,774 shares, versus the average of 563,068. The company holds a market capitalization of $3.83 billion and a price-to-earnings ratio of 8.34. Its stock performance shows a 52-week range between $26.45 and $47.76, with moving averages of $29.97 over 50 days and $31.43 over 200 days.

Operating under F&G Financial Group, Inc., the company is known for its insurance and annuity solutions, including AI-driven prior authorization solutions, aimed at individuals and institutional entities. Its offerings focus on fixed indexed annuities, fixed-rate annuities, and various life insurance products, catering to retirement income and wealth management needs.

This information was sourced from MarketBeat and compiled using narrative science technology to ensure timely and accurate reporting.