Zacks Investment Research Upgrades FBL Financial Group (NYSE:FFG) to Hold

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Zacks Investment Research upgraded shares of FBL Financial Group (NYSE:FFG) from a sell rating to a hold rating in a research note issued to investors on Thursday, 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. “

Separately, Raymond James upgraded shares of FBL Financial Group from an underperform rating to a market perform rating in a report on Monday, November 4th.

NYSE:FFG remained flat at $$57.11 during midday trading on Thursday. 217 shares of the company were exchanged, compared to its average volume of 15,959. FBL Financial Group has a 1-year low of $52.91 and a 1-year high of $70.93. The business has a fifty day moving average price of $57.95 and a two-hundred day moving average price of $56.73. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.03 and a quick ratio of 0.03. The firm has a market capitalization of $1.41 billion, a PE ratio of 11.24 and a beta of 0.65.

FBL Financial Group (NYSE:FFG) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.16. The business had revenue of $193.56 million for the quarter, compared to analyst estimates of $188.48 million. FBL Financial Group had a net margin of 16.29% and a return on equity of 8.47%. As a group, equities research analysts expect that FBL Financial Group will post 4.75 EPS for the current year.

Hedge funds have recently made changes to their positions in the company. Royce & Associates LP increased its holdings in FBL Financial Group by 42.1% during the fourth quarter. Royce & Associates LP now owns 152,302 shares of the financial services provider’s stock worth $8,975,000 after buying an additional 45,092 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in FBL Financial Group by 46.4% during the fourth quarter. Bank of New York Mellon Corp now owns 133,019 shares of the financial services provider’s stock worth $7,839,000 after buying an additional 42,178 shares during the last quarter. Victory Capital Management Inc. increased its holdings in FBL Financial Group by 1.9% during the fourth quarter. Victory Capital Management Inc. now owns 804,661 shares of the financial services provider’s stock worth $43,275,000 after buying an additional 15,191 shares during the last quarter. Renaissance Technologies LLC increased its holdings in FBL Financial Group by 13.8% during the fourth quarter. Renaissance Technologies LLC now owns 107,700 shares of the financial services provider’s stock worth $6,347,000 after buying an additional 13,100 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in FBL Financial Group by 5.8% during the fourth quarter. Geode Capital Management LLC now owns 134,224 shares of the financial services provider’s stock worth $7,909,000 after buying an additional 7,300 shares during the last quarter. 29.39% of the stock is currently owned by institutional investors and hedge funds.

FBL Financial Group Company Profile

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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