Positive News Coverage Somewhat Unlikely to Impact FBL Financial Group (FFG) Share Price

Media coverage about FBL Financial Group (NYSE:FFG) has trended positive on Tuesday, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. FBL Financial Group earned a media sentiment score of 0.43 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 47.6770616507874 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Shares of FFG stock traded down $1.45 during trading on Tuesday, hitting $67.75. The stock had a trading volume of 23,335 shares, compared to its average volume of 21,946. The firm has a market cap of $1,758.48, a PE ratio of 8.93 and a beta of 0.91. FBL Financial Group has a fifty-two week low of $59.75 and a fifty-two week high of $79.70. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.07.

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FBL Financial Group (NYSE:FFG) last issued its earnings results on Thursday, February 8th. The financial services provider reported $0.99 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.05). The company had revenue of $183.01 million for the quarter, compared to analyst estimates of $184.56 million. FBL Financial Group had a return on equity of 8.52% and a net margin of 26.42%. research analysts forecast that FBL Financial Group will post 5.13 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a $0.46 dividend. This is a positive change from FBL Financial Group’s previous quarterly dividend of $0.44. The ex-dividend date is Wednesday, March 14th. This represents a $1.84 dividend on an annualized basis and a yield of 2.72%. FBL Financial Group’s payout ratio is presently 23.74%.

FBL Financial Group declared that its board has approved a stock buyback program on Thursday, March 1st that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Several research analysts have recently weighed in on the company. ValuEngine cut FBL Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Zacks Investment Research upgraded FBL Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd.

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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.

Insider Buying and Selling by Quarter for FBL Financial Group (NYSE:FFG)

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