FBL Financial Group, Inc. (FFG) Expected to Earn FY2018 Earnings of $5.25 Per Share

FBL Financial Group, Inc. (NYSE:FFG) – Investment analysts at Langen Mcalenn boosted their FY2018 earnings per share (EPS) estimates for FBL Financial Group in a note issued to investors on Tuesday. Langen Mcalenn analyst R. Glasspiegel now forecasts that the financial services provider will earn $5.25 per share for the year, up from their previous forecast of $4.55.

A number of other equities research analysts have also weighed in on FFG. Zacks Investment Research upgraded shares of FBL Financial Group from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a research note on Friday, September 29th. ValuEngine lowered shares of FBL Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th.

Shares of FBL Financial Group (NYSE:FFG) traded down $1.05 on Friday, reaching $72.40. 14,800 shares of the company’s stock were exchanged, compared to its average volume of 19,325. The stock has a market cap of $1,831.33, a price-to-earnings ratio of 16.12 and a beta of 0.89. 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 has a 1-year low of $59.75 and a 1-year high of $79.70.

FBL Financial Group (NYSE:FFG) last released its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.09). The business had revenue of $181.56 million during the quarter, compared to the consensus estimate of $184.51 million. FBL Financial Group had a net margin of 15.30% and a return on equity of 8.93%. The business’s revenue was up .2% compared to the same quarter last year. During the same period last year, the company posted $1.20 earnings per share.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders 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 yield of 2.43%. FBL Financial Group’s dividend payout ratio is presently 39.20%.

A number of institutional investors and hedge funds have recently made changes to their positions in FFG. Victory Capital Management Inc. raised its stake in FBL Financial Group by 9.4% during the 3rd quarter. Victory Capital Management Inc. now owns 677,344 shares of the financial services provider’s stock valued at $50,462,000 after buying an additional 58,034 shares during the last quarter. Shell Asset Management Co. purchased a new stake in shares of FBL Financial Group in the 3rd quarter worth $2,064,000. Goldman Sachs Group Inc. increased its stake in shares of FBL Financial Group by 55.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 74,402 shares of the financial services provider’s stock worth $4,576,000 after purchasing an additional 26,440 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of FBL Financial Group by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 875,833 shares of the financial services provider’s stock worth $53,863,000 after purchasing an additional 16,134 shares in the last quarter. Finally, State Street Corp increased its stake in shares of FBL Financial Group by 7.9% in the 2nd quarter. State Street Corp now owns 200,717 shares of the financial services provider’s stock worth $12,343,000 after purchasing an additional 14,722 shares in the last quarter. Institutional investors and hedge funds own 27.75% of the company’s stock.

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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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