Shares of FBL Financial Group, Inc. (NYSE:FFG) have been assigned an average broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation. FBL Financial Group’s rating score has improved by 25% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Zacks has also given FBL Financial Group an industry rank of 164 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of FBL Financial Group from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a report on Tuesday, August 8th. Raymond James Financial, Inc. upgraded shares of FBL Financial Group from an “underperform” rating to a “market perform” rating in a report on Wednesday, August 9th.
Shares of FBL Financial Group (NYSE FFG) traded up 1.16% during mid-day trading on Friday, reaching $69.60. 14,254 shares of the company were exchanged. FBL Financial Group has a 12 month low of $59.75 and a 12 month high of $82.60. The firm has a market capitalization of $1.74 billion, a PE ratio of 15.10 and a beta of 0.87. The company’s 50 day moving average price is $69.05 and its 200 day moving average price is $65.90.
FBL Financial Group (NYSE:FFG) last released its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.19. FBL Financial Group had a net margin of 15.70% and a return on equity of 9.12%. The business had revenue of $189.00 million for the quarter, compared to analyst estimates of $181.63 million. During the same quarter in the previous year, the business earned $1.02 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. Equities analysts anticipate that FBL Financial Group will post $4.45 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.56%. FBL Financial Group’s dividend payout ratio is currently 38.18%.
In related news, Director Scott Vanderwal sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $70.46, for a total transaction of $140,920.00. Following the transaction, the director now directly owns 4,000 shares of the company’s stock, valued at $281,840. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA grew its position in FBL Financial Group by 134.7% during 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 in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in FBL Financial Group during the second quarter valued at approximately $200,000. Eqis Capital Management Inc. grew its position in FBL Financial Group by 7.1% during the first quarter. Eqis Capital Management Inc. now owns 4,203 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 277 shares in the last quarter. Legal & General Group Plc grew its position in FBL Financial Group by 34.5% during the second quarter. Legal & General Group Plc now owns 4,417 shares of the financial services provider’s stock valued at $272,000 after purchasing an additional 1,134 shares in the last quarter. Finally, American International Group Inc. grew its position in FBL Financial Group by 7.2% during the first quarter. American International Group Inc. now owns 6,063 shares of the financial services provider’s stock valued at $397,000 after purchasing an additional 408 shares in the last quarter. 28.58% of the stock is currently owned by hedge funds and other institutional investors.
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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