FBL Financial Group (NYSE:FFG) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Wednesday.
Separately, Zacks Investment Research downgraded FBL Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th.
FBL Financial Group (NYSE:FFG) traded down $5.10 during midday trading on Wednesday, hitting $64.90. The stock had a trading volume of 86,376 shares, compared to its average volume of 18,849. The firm has a market cap of $1,770.38, a price-to-earnings ratio of 8.37 and a beta of 0.86. FBL Financial Group has a fifty-two week low of $59.75 and a fifty-two week high of $79.70. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.08.
Several large investors have recently made changes to their positions in the stock. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its holdings in shares of FBL Financial Group by 30.4% during the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 7,300 shares of the financial services provider’s stock valued at $508,000 after buying an additional 1,700 shares during the period. MetLife Investment Advisors LLC purchased a new stake in shares of FBL Financial Group during the 4th quarter valued at about $334,000. Stone Ridge Asset Management LLC purchased a new stake in shares of FBL Financial Group during the 4th quarter valued at about $549,000. Deutsche Bank AG raised its holdings in shares of FBL Financial Group by 27.9% during the 4th quarter. Deutsche Bank AG now owns 54,845 shares of the financial services provider’s stock valued at $3,818,000 after buying an additional 11,967 shares during the period. Finally, Thrivent Financial For Lutherans raised its holdings in shares of FBL Financial Group by 15.7% during the 4th quarter. Thrivent Financial For Lutherans now owns 40,330 shares of the financial services provider’s stock valued at $2,809,000 after buying an additional 5,477 shares during the period. Institutional investors and hedge funds own 29.07% of the company’s stock.
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About FBL Financial Group
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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