Zacks: FBL Financial Group, Inc. (FFG) Receives Consensus Recommendation of “Hold” from Analysts

Shares of FBL Financial Group, Inc. (NYSE:FFG) have been assigned a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating.

Zacks has also given FBL Financial Group an industry rank of 92 out of 265 based on the ratings given to its competitors.

A number of research firms have recently issued reports on FFG. Zacks Investment Research upgraded shares of FBL Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine upgraded shares of FBL Financial Group from a “hold” rating to a “buy” rating in a research note on Friday, December 1st.

Shares of FBL Financial Group (FFG) opened at $71.55 on Friday. The stock has a market cap of $1,765.26, a P/E ratio of 15.94 and a beta of 0.89. FBL Financial Group has a 12 month low of $59.75 and a 12 month high of $79.70. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.03 and a current ratio of 0.03.

FBL Financial Group (NYSE:FFG) last posted its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.09). The firm had revenue of $181.56 million for the quarter, compared to analysts’ expectations of $184.51 million. FBL Financial Group had a net margin of 15.30% and a return on equity of 8.93%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.20 EPS. sell-side analysts forecast that FBL Financial Group will post 4.35 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.46%. FBL Financial Group’s dividend payout ratio is currently 39.20%.

Several large investors have recently modified their holdings of FFG. Russell Investments Group Ltd. bought a new stake in shares of FBL Financial Group in the second quarter worth $422,000. Schwab Charles Investment Management Inc. increased its stake in shares of FBL Financial Group by 1.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 47,390 shares of the financial services provider’s stock worth $2,915,000 after buying an additional 503 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of FBL Financial Group by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 90,260 shares of the financial services provider’s stock worth $5,551,000 after buying an additional 2,250 shares during the last quarter. Legal & General Group Plc increased its stake in shares of FBL Financial Group by 34.5% in 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 during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of FBL Financial Group by 134.7% in 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 during the last quarter. Institutional investors and hedge funds own 27.75% of the company’s stock.

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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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