FBL Financial Group, Inc. (NYSE:FFG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday.
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. “
A number of other research analysts also recently weighed in on FFG. BidaskClub raised shares of FBL Financial Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Raymond James Financial, Inc. raised shares of FBL Financial Group from an “underperform” rating to a “market perform” rating in a research report on Wednesday, August 9th.
FBL Financial Group (NYSE:FFG) opened at 68.80 on Monday. The firm has a 50-day moving average price of $69.03 and a 200 day moving average price of $65.90. FBL Financial Group has a 52-week low of $59.75 and a 52-week high of $82.60. The stock has a market cap of $1.72 billion, a PE ratio of 14.92 and a beta of 0.87.
FBL Financial Group (NYSE:FFG) last released its earnings results on Thursday, August 3rd. The financial services provider reported $1.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.19. FBL Financial Group had a net margin of 15.70% and a return on equity of 9.12%. The firm had revenue of $189.00 million during the quarter, compared to the consensus estimate of $181.63 million. During the same period in the prior year, the firm earned $1.02 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. Equities analysts anticipate that FBL Financial Group will post $4.45 earnings per share for the current year.
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In related news, Director Scott Vanderwal sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $70.46, for a total value of $140,920.00. Following the completion of the transaction, the director now directly owns 4,000 shares of the company’s stock, valued at approximately $281,840. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.60% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FFG. Teachers Advisors LLC boosted its holdings in FBL Financial Group by 2.8% in the 4th quarter. Teachers Advisors LLC now owns 21,834 shares of the financial services provider’s stock worth $1,706,000 after buying an additional 586 shares during the period. Eqis Capital Management Inc. boosted its holdings in FBL Financial Group by 7.1% in the 1st quarter. Eqis Capital Management Inc. now owns 4,203 shares of the financial services provider’s stock worth $275,000 after buying an additional 277 shares during the period. First Trust Advisors LP boosted its holdings in FBL Financial Group by 33.4% in the 1st quarter. First Trust Advisors LP now owns 17,714 shares of the financial services provider’s stock worth $1,159,000 after buying an additional 4,432 shares during the period. Bank of New York Mellon Corp boosted its holdings in FBL Financial Group by 4.4% in the 1st quarter. Bank of New York Mellon Corp now owns 88,010 shares of the financial services provider’s stock worth $5,761,000 after buying an additional 3,674 shares during the period. Finally, Swiss National Bank boosted its holdings in FBL Financial Group by 3.4% in the 1st quarter. Swiss National Bank now owns 18,400 shares of the financial services provider’s stock worth $1,204,000 after buying an additional 600 shares during the period. 28.58% of the stock is owned by institutional investors.
FBL Financial Group Company Profile
FBL Financial Group, Inc sells individual life insurance and annuity products under the brand name of Farm Bureau Financial Services. The Company’s segments are Annuity Segment, which sells a variety of traditional annuity products; Life Insurance Segment, which sells a range 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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