According to Zacks, “FBL FINANCIAL GROUP, INC. is a holding company and hrough its subsidiaries underwrites, markets and distributes life insurance, annuities, property-casualty insurance and mutual funds to individuals and small businesses in 15 midwestern and western states. The Company has exclusive marketing arrangements with the state Farm Bureau Federations in its territory and targets sales to approximately 700,000 Farm Bureau member families and other rural, small town andsuburban residents through an exclusive agency force. The Company offers a full range of life insurance products. “
FBL Financial Group (NYSE:FFG) opened at 63.60 on Tuesday. The firm has a market capitalization of $1.58 billion, a PE ratio of 14.76 and a beta of 1.12. FBL Financial Group has a 52-week low of $55.18 and a 52-week high of $69.80. The stock’s 50 day moving average price is $64.46 and its 200 day moving average price is $61.79.
FBL Financial Group (NYSE:FFG) last announced its quarterly earnings results on Thursday, August 4th. The company reported $1.02 EPS for the quarter, missing the Zacks’ consensus estimate of $1.03 by $0.01. FBL Financial Group had a net margin of 15.00% and a return on equity of 8.88%. The firm earned $181.30 million during the quarter, compared to the consensus estimate of $176.97 million. During the same quarter in the previous year, the company posted $1.11 earnings per share. The firm’s revenue was down 2.9% on a year-over-year basis. On average, analysts predict that FBL Financial Group will post $4.18 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.64%. The ex-dividend date was Tuesday, September 13th. FBL Financial Group’s dividend payout ratio is currently 38.98%.
In related news, Director Scott Vanderwal sold 2,000 shares of the firm’s 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 of the company’s stock, valued at approximately $259,480. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.63% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in FFG. Victory Capital Management Inc. raised its position in shares of FBL Financial Group by 32.0% in the second quarter. Victory Capital Management Inc. now owns 311,643 shares of the company’s stock valued at $18,907,000 after buying an additional 75,465 shares in the last quarter. Vanguard Group Inc. raised its position in shares of FBL Financial Group by 2.5% in the second quarter. Vanguard Group Inc. now owns 762,399 shares of the company’s stock valued at $46,255,000 after buying an additional 18,717 shares in the last quarter. First Trust Advisors LP bought a new position in shares of FBL Financial Group during the second quarter valued at about $915,000. Renaissance Technologies LLC raised its position in shares of FBL Financial Group by 94.6% in the first quarter. Renaissance Technologies LLC now owns 29,000 shares of the company’s stock valued at $1,784,000 after buying an additional 14,100 shares in the last quarter. Finally, BlackRock Fund Advisors raised its position in shares of FBL Financial Group by 3.8% in the second quarter. BlackRock Fund Advisors now owns 239,682 shares of the company’s stock valued at $14,542,000 after buying an additional 8,792 shares in the last quarter. 27.57% of the stock is owned by institutional investors and hedge funds.
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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