Insider Selling: FBL Financial Group Director Sells 4,000 Shares of Stock (FFG)
FBL Financial Group (NYSE:FFG) Director Steve Baccus sold 4,000 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $45.06, for a total transaction of $180,240.00. Following the completion of the sale, the director now directly owns 6,821 shares of the company’s stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on FFG. Analysts at FBR Capital Markets raised their price target on shares of FBL Financial Group (NYSE:FFG) from $39.00 to $42.00 in a research note to investors on Friday, August 16th. They now have a “market perform” rating on the stock. Separately, analysts at Zacks upgraded shares of FBL Financial Group (NYSE:FFG) from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, August 5th. They now have a $48.40 price target on the stock.
FBL Financial Group (NYSE:FFG) traded down 1.10% on Thursday, hitting $44.99. 17,335 shares of the company’s stock traded hands. FBL Financial Group has a 1-year low of $27.9828 and a 1-year high of $45.93. The stock’s 50-day moving average is $42.64 and its 200-day moving average is $39.71. The company has a market cap of $1.154 billion and a price-to-earnings ratio of 12.18.
FBL Financial Group (NYSE:FFG) last announced its earnings results on Thursday, August 1st. The company reported $0.98 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.80 by $0.18. The company had revenue of $176.70 million for the quarter, compared to the consensus estimate of $89.01 million. During the same quarter last year, the company posted $0.73 earnings per share. On average, analysts predict that FBL Financial Group will post $3.61 earnings per share for the current fiscal year.
The company also recently announced a special dividend, which is scheduled for Friday, September 13th. Investors of record on Friday, September 6th will be paid a dividend of $2.00 per share. This represents a dividend yield of 1.34%. The ex-dividend date is Wednesday, September 4th.
FBL Financial Group, Inc sells individual life and annuity products under the consumer brand name Farm Bureau Financial Services.
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