FBL Financial Group Inc. (NYSE:FFG) has received a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation.
Zacks has also given FBL Financial Group an industry rank of 97 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research downgraded FBL Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 14th.
FBL Financial Group (NYSE:FFG) opened at 62.97 on Tuesday. The company has a market capitalization of $1.57 billion, a P/E ratio of 14.61 and a beta of 1.13. FBL Financial Group has a one year low of $55.18 and a one year high of $69.80. The firm has a 50-day moving average of $64.48 and a 200-day moving average of $61.57.
FBL Financial Group (NYSE:FFG) last issued its earnings results on Thursday, August 4th. The company reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by $0.01. FBL Financial Group had a return on equity of 8.88% and a net margin of 15.00%. The company earned $181.30 million during the quarter, compared to analyst estimates of $176.97 million. During the same period last year, the business earned $1.11 earnings per share. The firm’s revenue was down 2.9% compared to the same quarter last year. On average, analysts anticipate that FBL Financial Group will post $4.18 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Tuesday, September 13th. FBL Financial Group’s dividend payout ratio is presently 38.98%.
In other news, Director Scott Vanderwal sold 2,000 shares of the stock in a transaction on Friday, September 9th. The stock was sold at an average price of $64.87, for a total transaction of $129,740.00. Following the completion of the transaction, the director now directly owns 4,000 shares in the company, valued at approximately $259,480. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.63% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in FBL Financial Group by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 77,456 shares of the company’s stock worth $4,698,000 after buying an additional 1,624 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in FBL Financial Group by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 247,034 shares of the company’s stock worth $15,198,000 after buying an additional 2,263 shares in the last quarter. IFP Advisors Inc acquired a new position in FBL Financial Group during the first quarter worth $160,000. Hancock Holding Co. boosted its position in FBL Financial Group by 4.8% in the first quarter. Hancock Holding Co. now owns 12,922 shares of the company’s stock worth $795,000 after buying an additional 592 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in FBL Financial Group by 32.0% in the second quarter. Victory Capital Management Inc. now owns 311,643 shares of the company’s stock worth $18,907,000 after buying an additional 75,465 shares in the last quarter. Institutional investors and hedge funds own 27.56% of the company’s stock.
About FBL Financial Group
FBL Financial Group, Inc sells individual life insurance and annuity products under the brand name of Farm Bureau Financial Services, which is represented by the distribution channel of its subsidiary, Farm Bureau Life Insurance Company (Farm Bureau Life). The Company’s segments are Annuity Segment, which sells a variety of traditional annuity products; Life Insurance Segment, which sells a variety of traditional and universal life insurance products, and Corporate and Other segment, which provides various support operations, corporate capital and other product lines.
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