Schwab Charles Investment Management Inc. boosted its stake in FBL Financial Group, Inc. (NYSE:FFG) by 5.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,915 shares of the financial services provider’s stock after acquiring an additional 2,525 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.20% of FBL Financial Group worth $3,719,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its holdings in FBL Financial Group by 17.7% in the 3rd quarter. Wells Fargo & Company MN now owns 46,715 shares of the financial services provider’s stock worth $3,481,000 after acquiring an additional 7,023 shares during the period. JPMorgan Chase & Co. boosted its holdings in FBL Financial Group by 9.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,942 shares of the financial services provider’s stock worth $895,000 after acquiring an additional 1,045 shares during the period. Ameriprise Financial Inc. boosted its holdings in FBL Financial Group by 0.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 132,285 shares of the financial services provider’s stock worth $9,855,000 after acquiring an additional 900 shares during the period. SG Americas Securities LLC purchased a new position in FBL Financial Group in the 3rd quarter worth approximately $110,000. Finally, Russell Investments Group Ltd. boosted its holdings in FBL Financial Group by 37.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 9,407 shares of the financial services provider’s stock worth $702,000 after acquiring an additional 2,544 shares during the period. Hedge funds and other institutional investors own 27.75% of the company’s stock.
A number of equities analysts have weighed in on FFG shares. Zacks Investment Research cut FBL Financial Group from a “buy” rating to a “hold” rating in a report on Monday, September 18th. ValuEngine cut FBL Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th.
FBL Financial Group (NYSE:FFG) last announced its earnings results on Thursday, November 2nd. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.09). FBL Financial Group had a net margin of 15.30% and a return on equity of 8.93%. The business had revenue of $181.56 million during the quarter, compared to analyst estimates of $184.51 million. During the same period in the previous year, the company earned $1.20 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. equities research analysts anticipate that FBL Financial Group, Inc. will post 4.35 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend was Thursday, December 14th. FBL Financial Group’s payout ratio is 39.20%.
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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