FBL Financial Group, Inc. (NYSE:FFG) Stock Rating Lowered by Zacks Investment Research
FBL Financial Group, Inc. (NYSE:FFG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Monday.
According to Zacks, “FBL FINANCIAL GROUP, INC. is a holding company and hrough its subsidiaries underwrites, markets and distributes life insurance, annuities, property-casualty insurance and mutual funds to individuals and small businesses in 15 midwestern and western states. The Company has exclusive marketing arrangements with the state Farm Bureau Federations in its territory and targets sales to approximately 700,000 Farm Bureau member families and other rural, small town andsuburban residents through an exclusive agency force. The Company offers a full range of life insurance products. “
Separately, BidaskClub raised shares of FBL Financial Group from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th.
Shares of FBL Financial Group (NYSE FFG) traded up 1.38% during mid-day trading on Monday, reaching $65.95. 43,776 shares of the company were exchanged. The company’s 50-day moving average is $62.70 and its 200 day moving average is $68.04. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 15.37 and a beta of 0.87. FBL Financial Group has a 12 month low of $59.75 and a 12 month high of $82.60.
FBL Financial Group (NYSE:FFG) last announced its quarterly earnings results on Thursday, May 4th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.04. FBL Financial Group had a net margin of 14.78% and a return on equity of 8.65%. The company had revenue of $181.92 million during the quarter, compared to the consensus estimate of $179.83 million. During the same quarter in the previous year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. Analysts predict that FBL Financial Group will post $4.25 EPS for the current year.
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A number of large investors have recently modified their holdings of FFG. Strs Ohio increased its stake in FBL Financial Group by 1.7% in the second quarter. Strs Ohio now owns 12,200 shares of the financial services provider’s stock valued at $740,000 after buying an additional 200 shares during the last quarter. M&T Bank Corp increased its stake in FBL Financial Group by 5.3% in the second quarter. M&T Bank Corp now owns 4,268 shares of the financial services provider’s stock valued at $259,000 after buying an additional 213 shares during the last quarter. Hancock Holding Co. increased its stake in FBL Financial Group by 1.7% in the second quarter. Hancock Holding Co. now owns 13,148 shares of the financial services provider’s stock valued at $798,000 after buying an additional 226 shares during the last quarter. Nationwide Fund Advisors increased its stake in FBL Financial Group by 2.9% in the second quarter. Nationwide Fund Advisors now owns 8,772 shares of the financial services provider’s stock valued at $532,000 after buying an additional 244 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in FBL Financial Group by 1.3% in the second quarter. California State Teachers Retirement System now owns 20,623 shares of the financial services provider’s stock valued at $1,251,000 after buying an additional 274 shares during the last quarter. Hedge funds and other institutional investors own 29.34% of the company’s stock.
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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