Revenue Update on Fidelity & Guaranty Life(NYSE:FGL)

Fidelity & Guaranty Life(NYSE:FGL) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during Pre-Market on Feb 6, 2017. Company reported revenue of $340.000M. Analysts estimated a revenue of $283.100M. The revenues were 20.1% above the estimates. Earnings per share were $0.7. The reported EPS was above estimates by 14.75%. Analysts had estimated an EPS of $0.61.

Fidelity & Guaranty Life (FGL) made into the market gainers list on Tuesdays trading session with the shares advancing 1.74% or 0.45 points. Due to strong positive momentum, the stock ended at $26.3, which is also near the day’s high of $26.4. The stock began the session at $26 and the volume stood at 10,29,279 shares. The 52-week high of the shares is $27.1 and the 52 week low is $21.1. The company has a current market capitalization of $1,551 M and it has 5,89,84,637 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 4, 2015, William P. Melchionni (director) sold 1,500 shares at $21.31 per share price.

Fidelity & Guaranty Life is a holding company. The Company offers various types of fixed annuities and life insurance products through its insurance subsidiaries: Fidelity & Guaranty Life Insurance Company (FGLIC) and Fidelity & Guaranty Life Insurance Company of New York (FGL NY Insurance). In addition the Company’s life insurance products provides its customers with a product that allows them to build on their savings and assign payment of a death benefit to a designated beneficiary upon the policyholder’s death. Its products are fixed indexed annuities (FIAs) which provide its customers with interest tied to the performance of the stock market. In addition to FIAs the Company also sells indexed universal life policies (IULs) and other fixed annuities. The Company offers its products through a network of approximately 200 independent insurance marketing organizations that in turn represent an estimated 20000 independent agents.

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