FBL Financial Group (FFG) Receives Average Rating of “Hold” from Brokerages

Shares of FBL Financial Group (NYSE:FFG) have earned an average broker rating score of 3.00 (Hold) from the three analysts that cover the stock, Zacks Investment Research reports. Three equities research analysts have rated the stock with a hold recommendation.

Zacks has also assigned FBL Financial Group an industry rank of 68 out of 265 based on the ratings given to related companies.

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A number of equities analysts have commented on the company. Zacks Investment Research raised FBL Financial Group from a “sell” rating to a “hold” rating in a report on Tuesday, November 28th. ValuEngine cut FBL Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th.

Institutional investors have recently modified their holdings of the stock. State Street Corp boosted its holdings in shares of FBL Financial Group by 7.9% in the second quarter. State Street Corp now owns 200,717 shares of the financial services provider’s stock valued at $12,343,000 after acquiring an additional 14,722 shares in the last quarter. First Trust Advisors LP grew its stake in shares of FBL Financial Group by 4.8% in the third quarter. First Trust Advisors LP now owns 18,211 shares of the financial services provider’s stock valued at $1,357,000 after acquiring an additional 827 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of FBL Financial Group by 8.7% in the third quarter. Prudential Financial Inc. now owns 123,203 shares of the financial services provider’s stock valued at $9,178,000 after acquiring an additional 9,850 shares in the last quarter. Rhumbline Advisers grew its stake in shares of FBL Financial Group by 12.6% in the third quarter. Rhumbline Advisers now owns 22,229 shares of the financial services provider’s stock valued at $1,656,000 after acquiring an additional 2,490 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of FBL Financial Group by 37.1% in the third quarter. Russell Investments Group Ltd. now owns 9,407 shares of the financial services provider’s stock valued at $702,000 after acquiring an additional 2,544 shares in the last quarter. Institutional investors own 30.16% of the company’s stock.

Shares of FBL Financial Group (FFG) traded up $2.05 during mid-day trading on Tuesday, reaching $70.65. The company had a trading volume of 72,526 shares, compared to its average volume of 27,525. The stock has a market capitalization of $1,758.48, a PE ratio of 9.12 and a beta of 0.91. FBL Financial Group has a 12 month low of $59.75 and a 12 month high of $79.70. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.04 and a current ratio of 0.04.

FBL Financial Group (NYSE:FFG) last issued its earnings results on Thursday, February 8th. The financial services provider reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.05). The company had revenue of $183.01 million during the quarter, compared to analysts’ expectations of $184.56 million. FBL Financial Group had a return on equity of 8.52% and a net margin of 26.42%. equities research analysts predict that FBL Financial Group will post 5.13 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.60%. This is a positive change from FBL Financial Group’s previous quarterly dividend of $0.44. The ex-dividend date is Wednesday, March 14th. FBL Financial Group’s dividend payout ratio is presently 23.74%.

FBL Financial Group declared that its Board of Directors has authorized a stock repurchase program on Thursday, March 1st that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

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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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