Northern Trust Corp grew its holdings in FBL Financial Group, Inc. (NYSE:FFG) by 3.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 309,442 shares of the financial services provider’s stock after purchasing an additional 9,175 shares during the period. Northern Trust Corp owned approximately 1.24% of FBL Financial Group worth $19,030,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Arbitrage SA raised its position in shares of FBL Financial Group by 134.7% in the second quarter. BNP Paribas Arbitrage SA now owns 2,068 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 1,187 shares during the period. Legal & General Group Plc increased its holdings in FBL Financial Group by 34.5% during the 2nd quarter. Legal & General Group Plc now owns 4,417 shares of the financial services provider’s stock worth $272,000 after acquiring an additional 1,134 shares during the period. American International Group Inc. increased its holdings in FBL Financial Group by 7.2% during the 1st quarter. American International Group Inc. now owns 6,063 shares of the financial services provider’s stock worth $397,000 after acquiring an additional 408 shares during the period. Russell Investments Group Ltd. bought a new stake in FBL Financial Group during the 2nd quarter worth approximately $422,000. Finally, Citadel Advisors LLC bought a new stake in FBL Financial Group during the 1st quarter worth approximately $526,000. 29.01% of the stock is currently owned by institutional investors.
A number of analysts recently weighed in on FFG shares. Zacks Investment Research lowered shares of FBL Financial Group from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Raymond James Financial, Inc. raised shares of FBL Financial Group from an “underperform” rating to a “market perform” rating in a report on Wednesday, August 9th.
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Shares of FBL Financial Group, Inc. (NYSE:FFG) traded down $0.55 during trading on Friday, hitting $71.85. 10,700 shares of the stock were exchanged, compared to its average volume of 26,020. FBL Financial Group, Inc. has a 12 month low of $59.75 and a 12 month high of $82.60. The stock has a market cap of $1,780.00, a PE ratio of 16.61 and a beta of 0.92. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.08.
FBL Financial Group (NYSE:FFG) last announced its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $1.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.09). The firm had revenue of $181.56 million for the quarter, compared to analysts’ expectations of $184.51 million. FBL Financial Group had a net margin of 15.30% and a return on equity of 8.93%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company earned $1.20 EPS. analysts predict that FBL Financial Group, Inc. will post 4.38 earnings per share for the current year.
FBL Financial Group Profile
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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