FBL Financial Group, Inc. (FFG) Announces Earnings Results, Misses Expectations By $0.09 EPS
FBL Financial Group, Inc. (NYSE:FFG) released its quarterly earnings results on Thursday. The financial services provider reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.09), Bloomberg Earnings reports. FBL Financial Group had a return on equity of 9.06% and a net margin of 15.30%. The firm had revenue of $181.56 million for the quarter, compared to analyst estimates of $184.51 million. During the same period last year, the company earned $1.20 EPS. The company’s revenue was up .2% compared to the same quarter last year.
FBL Financial Group (NYSE:FFG) traded down $4.45 during trading hours on Friday, reaching $72.80. The company’s stock had a trading volume of 34,564 shares, compared to its average volume of 25,710. FBL Financial Group has a 52-week low of $59.75 and a 52-week high of $82.60. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1,820.00, a P/E ratio of 16.70 and a beta of 0.92.
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A number of research firms have weighed in on FFG. Zacks Investment Research downgraded FBL Financial Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. ValuEngine raised FBL Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, September 13th. BidaskClub raised FBL Financial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Raymond James Financial, Inc. raised FBL Financial Group from an “underperform” rating to a “market perform” rating in a research report on Wednesday, August 9th.
In other FBL Financial Group news, Director Scott Vanderwal sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was 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 owns 4,000 shares of the company’s stock, valued at approximately $281,840. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.60% of the company’s stock.
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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