Prudential Financial Inc. reduced its position in shares of FBL Financial Group Inc. (NYSE:FFG) by 4.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,213 shares of the company’s stock after selling 5,300 shares during the period. Prudential Financial Inc. owned 0.49% of FBL Financial Group worth $7,354,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the stock. IFP Advisors Inc purchased a new position in FBL Financial Group during the first quarter worth $160,000. M&T Bank Corp raised its stake in shares of FBL Financial Group by 5.3% in the second quarter. M&T Bank Corp now owns 4,268 shares of the company’s stock valued at $259,000 after buying an additional 213 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of FBL Financial Group by 2.9% in the second quarter. Nationwide Fund Advisors now owns 8,772 shares of the company’s stock valued at $532,000 after buying an additional 244 shares during the last quarter. Strs Ohio raised 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 last quarter. Finally, Hancock Holding Co. raised its stake in shares of FBL Financial Group by 4.8% in the first quarter. Hancock Holding Co. now owns 12,922 shares of the company’s stock valued at $795,000 after buying an additional 592 shares during the last quarter. Hedge funds and other institutional investors own 27.56% of the company’s stock.
Shares of FBL Financial Group Inc. (NYSE:FFG) opened at 63.60 on Friday. FBL Financial Group Inc. has a 12 month low of $55.18 and a 12 month high of $69.80. The firm’s 50 day moving average is $64.46 and its 200 day moving average is $61.79. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 14.76 and a beta of 1.12.
FBL Financial Group (NYSE:FFG) last posted its quarterly earnings results on Thursday, August 4th. The company reported $1.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by $0.01. The firm had revenue of $181.30 million for the quarter, compared to analyst estimates of $176.97 million. FBL Financial Group had a net margin of 15.00% and a return on equity of 8.88%. The business’s revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.11 earnings per share. On average, equities analysts predict that FBL Financial Group Inc. will post $4.18 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.64%. The ex-dividend date was Tuesday, September 13th. FBL Financial Group’s dividend payout ratio is currently 38.98%.
Separately, Zacks Investment Research upgraded shares of FBL Financial Group from a “sell” rating to a “hold” rating in a research report on Monday, August 8th.
In related news, Director Scott Vanderwal sold 2,000 shares of the company’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 transaction of $129,740.00. Following the sale, the director now directly owns 4,000 shares of the company’s stock, valued at approximately $259,480. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.63% of the company’s stock.
About FBL Financial Group
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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