FBL Financial Group (NYSE:FFG) Cut to Sell at Zacks Investment Research

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Zacks Investment Research downgraded shares of FBL Financial Group (NYSE:FFG) from a hold rating to a sell rating in a research report report published on Wednesday morning, Zacks.com reports.

According to Zacks, “FBL FINANCIAL GROUP, INC. is a holding company and hrough its subsidiaries underwrites, markets and distributes life insurance, annuities, property-casualty insurance and mutual funds to individuals and small businesses in 15 midwestern and western states. The Company has exclusive marketing arrangements with the state Farm Bureau Federations in its territory and targets sales to approximately 700,000 Farm Bureau member families and other rural, small town andsuburban residents through an exclusive agency force. The Company offers a full range of life insurance products. “

Other equities research analysts also recently issued research reports about the company. ValuEngine raised FBL Financial Group from a sell rating to a hold rating in a report on Wednesday, October 2nd. Raymond James raised FBL Financial Group from an underperform rating to a market perform rating in a report on Monday, November 4th. Finally, TheStreet downgraded FBL Financial Group from a b rating to a c+ rating in a report on Monday, August 5th.

Shares of FFG stock traded down $0.34 during trading hours on Wednesday, reaching $58.95. The company’s stock had a trading volume of 9,061 shares, compared to its average volume of 22,475. The firm’s 50 day simple moving average is $57.79 and its 200-day simple moving average is $59.98. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 13.52 and a beta of 0.67. FBL Financial Group has a fifty-two week low of $52.91 and a fifty-two week high of $72.21. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.06.

FBL Financial Group (NYSE:FFG) last issued its earnings results on Thursday, October 31st. The financial services provider reported $1.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.24 by ($0.22). The business had revenue of $184.66 million during the quarter, compared to analyst estimates of $188.96 million. FBL Financial Group had a net margin of 13.23% and a return on equity of 7.61%. Sell-side analysts predict that FBL Financial Group will post 4.58 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can boosted its holdings in shares of FBL Financial Group by 140.1% during the 2nd quarter. Bank of Montreal Can now owns 1,402 shares of the financial services provider’s stock valued at $89,000 after acquiring an additional 818 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of FBL Financial Group during the 2nd quarter valued at $127,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of FBL Financial Group during the 2nd quarter valued at $207,000. Stone Ridge Asset Management LLC acquired a new stake in shares of FBL Financial Group during the 2nd quarter valued at $216,000. Finally, WINTON GROUP Ltd acquired a new stake in shares of FBL Financial Group during the 2nd quarter valued at $322,000. 29.10% of the stock is currently owned by institutional investors.

About FBL Financial Group

FBL Financial Group, Inc, through its subsidiaries, sells individual life insurance and annuity products. The Annuity segment sells various traditional annuity products that primarily consist of fixed rate and indexed annuities, and supplementary contracts. The Life Insurance segment offers whole life, term life, and universal life policies.

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