FBL Financial Group, Inc. (FFG) Lifted to “Sell” at BidaskClub
FBL Financial Group, Inc. (NYSE:FFG) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Tuesday.
Separately, Zacks Investment Research lowered FBL Financial Group from a “hold” rating to a “sell” rating in a report on Monday, February 20th.
FBL Financial Group (NYSE:FFG) traded down 1.72% on Tuesday, reaching $63.40. The company’s stock had a trading volume of 21,012 shares. The firm has a 50-day moving average of $64.39 and a 200 day moving average of $69.30. FBL Financial Group has a 12-month low of $56.41 and a 12-month high of $82.60. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 14.78 and a beta of 0.90.
FBL Financial Group (NYSE:FFG) last issued its quarterly earnings data on Thursday, May 4th. The financial services provider reported $1.08 EPS for the quarter, beating the consensus estimate of $1.04 by $0.04. FBL Financial Group had a return on equity of 8.65% and a net margin of 14.78%. The company had revenue of $181.92 million for the quarter, compared to analyst estimates of $179.83 million. During the same period last year, the company earned $1.05 earnings per share. FBL Financial Group’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities research analysts anticipate that FBL Financial Group will post $4.25 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.78%. The ex-dividend date is Tuesday, June 13th. FBL Financial Group’s payout ratio is currently 41.03%.
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A number of hedge funds have recently modified their holdings of the stock. Daido Life Insurance Co. acquired a new stake in shares of FBL Financial Group during the fourth quarter valued at approximately $29,227,000. Norges Bank acquired a new stake in shares of FBL Financial Group during the fourth quarter valued at approximately $16,812,000. Teachers Advisors LLC raised its stake in shares of FBL Financial Group by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 21,834 shares of the financial services provider’s stock valued at $1,706,000 after buying an additional 586 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of FBL Financial Group by 40.2% in the first quarter. Victory Capital Management Inc. now owns 602,015 shares of the financial services provider’s stock valued at $39,401,000 after buying an additional 172,702 shares during the last quarter. Finally, TFS Capital LLC raised its stake in shares of FBL Financial Group by 200.6% in the first quarter. TFS Capital LLC now owns 10,240 shares of the financial services provider’s stock valued at $670,000 after buying an additional 6,833 shares during the last quarter. 30.53% of the stock is currently owned by 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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