Zacks: FBL Financial Group (FFG) Receives Consensus Rating of “Hold” from Analysts

FBL Financial Group (NYSE:FFG) has received a consensus broker rating score of 3.00 (Hold) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Three analysts have rated the stock with a hold rating.

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

A number of equities research analysts have commented on FFG shares. ValuEngine raised shares of FBL Financial Group from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research raised shares of FBL Financial Group from a “hold” rating to a “strong-buy” rating and set a $83.00 target price on the stock in a research note on Friday, January 19th.

Shares of FBL Financial Group (NYSE FFG) traded up $0.55 during trading hours on Friday, reaching $69.35. 17,100 shares of the company’s stock were exchanged, compared to its average volume of 17,328. FBL Financial Group has a 12-month low of $59.75 and a 12-month high of $79.70. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.08. The company has a market cap of $1,675.50, a price-to-earnings ratio of 15.52 and a beta of 0.86.

FBL Financial Group (NYSE:FFG) last issued its quarterly earnings data 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). FBL Financial Group had a return on equity of 8.78% and a net margin of 26.42%. The company had revenue of $183.01 million for the quarter, compared to the consensus estimate of $184.56 million. analysts expect that FBL Financial Group will post 5.02 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of FBL Financial Group by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 875,833 shares of the financial services provider’s stock valued at $53,863,000 after purchasing an additional 16,134 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of FBL Financial Group by 7.9% in the 4th quarter. Victory Capital Management Inc. now owns 731,101 shares of the financial services provider’s stock valued at $50,922,000 after acquiring an additional 53,757 shares during the period. Taiyo Life Insurance Co. acquired a new stake in shares of FBL Financial Group in the 4th quarter valued at approximately $24,296,000. Northern Trust Corp raised its position in shares of FBL Financial Group by 3.1% in the 2nd quarter. Northern Trust Corp now owns 309,442 shares of the financial services provider’s stock valued at $19,030,000 after acquiring an additional 9,175 shares during the period. Finally, State Street Corp raised its position in shares of FBL Financial Group by 7.9% in the 2nd 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 during the period. 29.35% of the stock is currently owned by institutional investors.

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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. 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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