Shares of FBL Financial Group (NYSE:FFG) have been assigned an average broker rating score of 3.00 (Hold) from the three brokers that cover the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a hold recommendation.
Zacks has also given FBL Financial Group an industry rank of 47 out of 265 based on the ratings given to related companies.
A number of brokerages recently weighed in on FFG. Zacks Investment Research upgraded shares of FBL Financial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, November 28th. ValuEngine upgraded shares of FBL Financial Group from a “hold” rating to a “buy” rating in a research note on Friday, December 1st.
FBL Financial Group (NYSE:FFG) last released its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.05). FBL Financial Group had a net margin of 26.42% and a return on equity of 8.52%. The company had revenue of $183.01 million for the quarter, compared to analysts’ expectations of $184.56 million. research analysts forecast that FBL Financial Group will post 5.13 EPS for the current year.
FBL Financial Group announced that its Board of Directors has approved a stock repurchase plan on Thursday, March 1st that allows the company to buyback $50.00 million in shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.53%. This is a boost from FBL Financial Group’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Wednesday, March 14th. FBL Financial Group’s payout ratio is presently 22.71%.
Several large investors have recently bought and sold shares of FFG. First Trust Advisors LP increased its stake in shares of FBL Financial Group by 4.8% during the third quarter. First Trust Advisors LP now owns 18,211 shares of the financial services provider’s stock worth $1,357,000 after buying an additional 827 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of FBL Financial Group by 0.7% in the third quarter. Ameriprise Financial Inc. now owns 132,285 shares of the financial services provider’s stock valued at $9,855,000 after buying an additional 900 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of FBL Financial Group by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 11,942 shares of the financial services provider’s stock valued at $895,000 after buying an additional 1,045 shares during the period. SG Americas Securities LLC acquired a new stake in shares of FBL Financial Group in the third quarter valued at $110,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its holdings in shares of FBL Financial Group by 30.4% in the fourth 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. 29.51% of the stock is owned by hedge funds and other institutional investors.
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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