FBL Financial Group (NYSE:FFG) – Langen Mcalenn cut their Q2 2018 earnings per share estimates for shares of FBL Financial Group in a research note issued to investors on Monday, May 7th. Langen Mcalenn analyst R. Glasspiegel now expects that the financial services provider will post earnings of $1.25 per share for the quarter, down from their previous forecast of $1.33. Langen Mcalenn also issued estimates for FBL Financial Group’s Q3 2018 earnings at $1.26 EPS, Q4 2018 earnings at $1.29 EPS and FY2018 earnings at $4.90 EPS.
FBL Financial Group (NYSE:FFG) last posted its quarterly earnings data on Thursday, May 3rd. The financial services provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.12). The company had revenue of $182.18 million during the quarter, compared to analyst estimates of $186.39 million. FBL Financial Group had a return on equity of 8.43% and a net margin of 26.03%.
Several other research firms also recently weighed in on FFG. Zacks Investment Research raised shares of FBL Financial Group from a “hold” rating to a “strong-buy” rating and set a $83.00 price objective for the company in a report on Friday, January 19th. ValuEngine downgraded shares of FBL Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th.
FFG stock opened at $77.65 on Wednesday. The stock has a market capitalization of $1.93 billion, a P/E ratio of 17.97 and a beta of 0.79. FBL Financial Group has a fifty-two week low of $59.75 and a fifty-two week high of $81.75. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.03 and a quick ratio of 0.03.
A number of hedge funds and other institutional investors have recently modified their holdings of FFG. Teacher Retirement System of Texas acquired a new stake in FBL Financial Group in the 4th quarter valued at about $270,000. MetLife Investment Advisors LLC acquired a new stake in FBL Financial Group in the 4th quarter valued at about $334,000. American Century Companies Inc. acquired a new stake in FBL Financial Group in the 4th quarter valued at about $347,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its holdings in FBL Financial Group by 30.4% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 7,300 shares of the financial services provider’s stock valued at $508,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Stone Ridge Asset Management LLC acquired a new stake in FBL Financial Group in the 4th quarter valued at about $549,000. 30.18% of the stock is owned by institutional investors.
FBL Financial Group announced that its Board of Directors has authorized a share buyback plan on Thursday, March 1st that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
About FBL Financial Group
FBL Financial Group, Inc, through its subsidiaries, sells individual life insurance and annuity products. The Annuity segment sells various traditional annuity products that primarily consist of fixed rate and indexed annuities, and supplementary contracts. The Life Insurance segment offers whole life, term life, and universal life policies.
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