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

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

Zacks has also given FBL Financial Group an industry rank of 49 out of 265 based on the ratings given to its competitors.

Several research firms recently weighed in on FFG. Zacks Investment Research raised shares of FBL Financial Group from a “hold” rating to a “strong-buy” rating and set a $83.00 target price for the company in a research note on Friday. ValuEngine raised shares of FBL Financial Group from a “hold” rating to a “buy” rating in a research note on Friday, December 1st.

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in FBL Financial Group during the third quarter valued at $110,000. BNP Paribas Arbitrage SA grew its stake in 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 valued at $127,000 after acquiring an additional 1,187 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in FBL Financial Group during the third quarter valued at $149,000. Dynamic Technology Lab Private Ltd purchased a new position in FBL Financial Group during the second quarter valued at $200,000. Finally, Legal & General Group Plc grew its stake in 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 valued at $272,000 after acquiring an additional 1,134 shares in the last quarter. 27.75% of the stock is owned by institutional investors.

Shares of FBL Financial Group (NYSE:FFG) traded up $1.20 during mid-day trading on Friday, hitting $73.60. 11,803 shares of the stock traded hands, compared to its average volume of 15,518. The company has a market cap of $1,835.07, a P/E ratio of 16.39 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 quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.08.

FBL Financial Group (NYSE:FFG) last announced its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $1.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.09). The firm had revenue of $181.56 million for 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 firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.20 earnings per share. equities analysts expect that FBL Financial Group will post 4.35 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors 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 annualized dividend and a yield of 2.39%. FBL Financial Group’s payout ratio is 39.20%.

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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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