FBL Financial Group Inc. (NYSE:FFG) has received an average broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating.
Zacks has also assigned FBL Financial Group an industry rank of 100 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut FBL Financial Group from a “buy” rating to a “sell” rating in a report on Tuesday, June 21st.
FBL Financial Group (NYSE:FFG) opened at 63.97 on Tuesday. FBL Financial Group has a 12 month low of $55.18 and a 12 month high of $69.80. The firm’s 50-day moving average is $64.51 and its 200-day moving average is $61.62. The company has a market capitalization of $1.59 billion, a PE ratio of 14.84 and a beta of 1.13.
FBL Financial Group (NYSE:FFG) last posted 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 return on equity of 8.88% and a net margin of 15.00%. The business earned $181.30 million during the quarter, compared to analysts’ expectations of $176.97 million. During the same period in the prior year, the firm posted $1.11 earnings per share. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities analysts anticipate that FBL Financial Group will post $4.18 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were issued a $0.42 dividend. The ex-dividend date was Tuesday, September 13th. This represents a $1.68 dividend on an annualized basis and a yield of 2.63%. FBL Financial Group’s dividend payout ratio is presently 38.98%.
In related news, Director Scott Vanderwal sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $64.87, for a total value of $129,740.00. Following the transaction, the director now directly owns 4,000 shares of the company’s stock, valued at approximately $259,480. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.63% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of FFG. Swiss National Bank boosted its stake in shares of FBL Financial Group by 2.2% in the second quarter. Swiss National Bank now owns 18,400 shares of the company’s stock valued at $1,116,000 after buying an additional 400 shares during the period. California State Teachers Retirement System boosted its stake in shares of FBL Financial Group by 1.3% in the second quarter. California State Teachers Retirement System now owns 20,623 shares of the company’s stock valued at $1,251,000 after buying an additional 274 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of FBL Financial Group by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 77,456 shares of the company’s stock valued at $4,698,000 after buying an additional 1,624 shares during the period. Strs Ohio boosted its stake in shares of FBL Financial Group by 1.7% in the second quarter. Strs Ohio now owns 12,200 shares of the company’s stock valued at $740,000 after buying an additional 200 shares during the period. Finally, Renaissance Technologies LLC boosted its stake 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 during the period. 27.56% of the stock is currently owned by institutional investors and hedge funds.
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, 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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