Langen Mcalenn Brokers Cut Earnings Estimates for FBL Financial Group, Inc. (NYSE:FFG)
FBL Financial Group, Inc. (NYSE:FFG) – Langen Mcalenn lowered their Q3 2017 earnings estimates for FBL Financial Group in a report issued on Thursday. Langen Mcalenn analyst R. Glasspiegel now forecasts that the financial services provider will post earnings of $1.09 per share for the quarter, down from their previous estimate of $1.10. Langen Mcalenn also issued estimates for FBL Financial Group’s Q4 2017 earnings at $1.14 EPS.
FBL Financial Group (NYSE:FFG) last posted its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $189 million during the quarter, compared to analyst estimates of $181.63 million. During the same period last year, the firm posted $1.02 EPS. FBL Financial Group’s revenue for the quarter was up 4.2% compared to the same quarter last year.
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Several other research firms also recently weighed in on FFG. Zacks Investment Research downgraded FBL Financial Group from a “buy” rating to a “hold” rating in a report on Monday, July 17th. BidaskClub raised FBL Financial Group from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th.
FBL Financial Group (FFG) opened at 71.60 on Monday. FBL Financial Group has a 52-week low of $59.75 and a 52-week high of $82.60. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 16.69 and a beta of 0.88. The firm’s 50-day moving average is $64.29 and its 200-day moving average is $65.99.
Several large investors have recently bought and sold shares of FFG. Victory Capital Management Inc. increased its stake in 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. Prudential Financial Inc. increased its stake in FBL Financial Group by 8.8% in the first quarter. Prudential Financial Inc. now owns 108,663 shares of the financial services provider’s stock valued at $7,112,000 after buying an additional 8,770 shares during the last quarter. Keybank National Association OH increased its stake in FBL Financial Group by 30.8% in the first quarter. Keybank National Association OH now owns 15,700 shares of the financial services provider’s stock valued at $1,028,000 after buying an additional 3,700 shares during the last quarter. TFS Capital LLC increased its stake in 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. Finally, Karp Capital Management Corp purchased a new stake in FBL Financial Group during the first quarter valued at $761,000. 29.37% of the stock is owned by institutional investors and hedge funds.
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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