Zacks Investment Research upgraded shares of FBL Financial Group (NYSE:FFG) from a sell rating to a hold rating in a research note released on Wednesday, January 3rd.
According to Zacks, “FBL FINANCIAL GROUP, INC. is a holding company and hrough its subsidiaries underwrites, markets and distributes life insurance, annuities, property-casualty insurance and mutual funds to individuals and small businesses in 15 midwestern and western states. The Company has exclusive marketing arrangements with the state Farm Bureau Federations in its territory and targets sales to approximately 700,000 Farm Bureau member families and other rural, small town andsuburban residents through an exclusive agency force. The Company offers a full range of life insurance products. “
Separately, ValuEngine raised FBL Financial Group from a hold rating to a buy rating in a report on Friday, December 1st.
FBL Financial Group (NYSE FFG) opened at $73.60 on Wednesday. The company has a market capitalization of $1,805.15, a P/E ratio of 16.39 and a beta of 0.89. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.08. FBL Financial Group has a 52-week low of $59.75 and a 52-week high of $79.70.
FBL Financial Group (NYSE:FFG) last posted its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.09). The company had revenue of $181.56 million during the quarter, compared to analysts’ expectations of $184.51 million. FBL Financial Group had a return on equity of 8.93% and a net margin of 15.30%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.20 EPS. equities research analysts forecast that FBL Financial Group will post 4.35 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a dividend of $0.44 per share. The ex-dividend date was Thursday, December 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.39%. FBL Financial Group’s payout ratio is 39.20%.
Several institutional investors have recently modified their holdings of FFG. SG Americas Securities LLC purchased a new position in FBL Financial Group during the third quarter valued at approximately $110,000. BNP Paribas Arbitrage SA grew its holdings in 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 worth $127,000 after purchasing an additional 1,187 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in FBL Financial Group in the third quarter worth $149,000. Dynamic Technology Lab Private Ltd purchased a new position in FBL Financial Group in the second quarter worth $200,000. Finally, Legal & General Group Plc grew its holdings in FBL Financial Group by 34.5% in the second quarter. Legal & General Group Plc now owns 4,417 shares of the financial services provider’s stock worth $272,000 after purchasing an additional 1,134 shares during the last quarter. Hedge funds and other institutional investors own 27.75% of the company’s stock.
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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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