Simplex Trading buys $377,510 stake in Fidelity & Guaranty Life (FGL)

Fidelity & Guaranty Life (FGL) : Simplex Trading scooped up 4,827 additional shares in Fidelity & Guaranty Life during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 16,230 shares of Fidelity & Guaranty Life which is valued at $377,510.Fidelity & Guaranty Life makes up approximately 0.05% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in FGL in the latest quarter, The investment management firm added 590 additional shares and now holds a total of 1,815 shares of Fidelity & Guaranty Life which is valued at $42,181.

Fidelity & Guaranty Life closed down -0.01 points or -0.04% at $23.26 with 97,169 shares getting traded on Friday. Post opening the session at $23.2, the shares hit an intraday low of $23.115 and an intraday high of $23.27 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Fidelity & Guaranty Life reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.25 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.57. The company had revenue of $261.00 million for the quarter, compared to analysts expectations of $281.40 million. The company’s revenue was down -19.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.43 EPS.

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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