Citigroup Inc. trimmed its position in shares of FBL Financial Group (NYSE:FFG) by 18.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,754 shares of the financial services provider’s stock after selling 870 shares during the period. Citigroup Inc.’s holdings in FBL Financial Group were worth $260,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in FFG. Teacher Retirement System of Texas bought a new position in FBL Financial Group during the fourth quarter valued at $270,000. MetLife Investment Advisors LLC bought a new position in FBL Financial Group during the fourth quarter valued at $334,000. American Century Companies Inc. bought a new position in FBL Financial Group during the fourth quarter valued at $347,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its holdings in FBL Financial Group by 30.4% during the fourth 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 purchasing an additional 1,700 shares during the period. Finally, Stone Ridge Asset Management LLC bought a new position in FBL Financial Group during the fourth quarter valued at $549,000. 29.56% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have weighed in on FFG shares. ValuEngine lowered FBL Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Zacks Investment Research lowered FBL Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, May 8th.
Shares of NYSE FFG opened at $81.65 on Friday. FBL Financial Group has a 1-year low of $59.75 and a 1-year high of $85.00. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 18.90 and a beta of 0.78. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.03 and a quick ratio of 0.03.
FBL Financial Group (NYSE:FFG) last announced 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). FBL Financial Group had a net margin of 26.03% and a return on equity of 8.43%. The firm had revenue of $182.18 million for the quarter, compared to the consensus estimate of $186.39 million. analysts anticipate that FBL Financial Group will post 4.83 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.25%. The ex-dividend date is Thursday, June 14th. FBL Financial Group’s dividend payout ratio (DPR) is 42.59%.
FBL Financial Group announced that its board has initiated a stock repurchase program on Thursday, March 1st that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
FBL Financial Group Profile
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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