Zacks: FBL Financial Group, Inc. (FFG) Given Average Recommendation of “Hold” by Analysts
Shares of FBL Financial Group, Inc. (NYSE:FFG) have been given an average broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating. FBL Financial Group’s rating score has improved by 25% from 90 days ago as a result of a number of analysts’ ratings changes.
Zacks has also given FBL Financial Group an industry rank of 110 out of 265 based on the ratings given to related companies.
A number of brokerages recently weighed in on FFG. Zacks Investment Research upgraded shares of FBL Financial Group from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Wednesday. Raymond James Financial, Inc. raised shares of FBL Financial Group from an “underperform” rating to a “market perform” rating in a research note on Wednesday, August 9th. Finally, BidaskClub raised shares of FBL Financial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th.
Shares of FBL Financial Group (FFG) traded up 2.49% during midday trading on Friday, hitting $67.90. The stock had a trading volume of 18,278 shares. FBL Financial Group has a 52-week low of $59.75 and a 52-week high of $82.60. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 14.73 and a beta of 0.87. The firm’s 50 day moving average price is $68.94 and its 200 day moving average price is $65.96.
FBL Financial Group (NYSE:FFG) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.19. The company had revenue of $189 million for the quarter, compared to analyst estimates of $181.63 million. FBL Financial Group had a net margin of 15.70% and a return on equity of 9.12%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.02 EPS. On average, equities research analysts expect that FBL Financial Group will post $4.45 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.76 dividend on an annualized basis and a yield of 2.59%. FBL Financial Group’s dividend payout ratio (DPR) is 38.18%.
In other FBL Financial Group news, Director Scott Vanderwal sold 2,000 shares of FBL Financial Group stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $70.46, for a total transaction of $140,920.00. Following the completion of the transaction, the director now directly owns 4,000 shares of the company’s stock, valued at $281,840. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.60% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA lifted its holdings in shares of FBL Financial Group by 134.7% during the second quarter. BNP Paribas Arbitrage SA now owns 2,068 shares of the financial services provider’s stock worth $127,000 after buying an additional 1,187 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of FBL Financial Group during the second quarter worth $200,000. Eqis Capital Management Inc. lifted its holdings in shares of FBL Financial Group by 7.1% during the first quarter. Eqis Capital Management Inc. now owns 4,203 shares of the financial services provider’s stock worth $275,000 after buying an additional 277 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of FBL Financial Group by 34.5% during the second quarter. Legal & General Group Plc now owns 4,417 shares of the financial services provider’s stock worth $272,000 after buying an additional 1,134 shares in the last quarter. Finally, American International Group Inc. lifted its holdings in shares of FBL Financial Group by 7.2% during the first quarter. American International Group Inc. now owns 6,063 shares of the financial services provider’s stock worth $397,000 after buying an additional 408 shares in the last quarter. 28.58% of the stock is owned by institutional investors.
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FBL Financial Group Company Profile
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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