FBL Financial Group, Inc. (FFG) Raised to Hold at BidaskClub

FBL Financial Group, Inc. (NYSE:FFG) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, July 11th.

Separately, Zacks Investment Research upgraded FBL Financial Group from a “sell” rating to a “hold” rating in a research note on Friday, March 24th.

Shares of FBL Financial Group (FFG) opened at 74.00 on Tuesday. FBL Financial Group has a 52-week low of $59.75 and a 52-week high of $82.60. The company’s 50 day moving average price is $64.73 and its 200 day moving average price is $66.04. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 17.25 and a beta of 0.88.

FBL Financial Group (NYSE:FFG) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $1.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.19. The company had revenue of $189 million during the quarter, compared to the consensus estimate of $181.63 million. FBL Financial Group had a return on equity of 9.12% and a net margin of 15.70%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $1.02 EPS. Analysts forecast that FBL Financial Group will post $4.35 earnings per share for the current year.

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Several large investors have recently bought and sold shares of the company. Prudential Financial Inc. boosted its stake in FBL Financial Group by 8.8% in the first quarter. Prudential Financial Inc. now owns 108,663 shares of the financial services provider’s stock worth $7,112,000 after buying an additional 8,770 shares during the period. Keybank National Association OH boosted its stake in shares of FBL Financial Group by 30.8% in the first quarter. Keybank National Association OH now owns 15,700 shares of the financial services provider’s stock worth $1,028,000 after buying an additional 3,700 shares during the last quarter. TFS Capital LLC boosted its stake in shares of FBL Financial Group by 200.6% in the first quarter. TFS Capital LLC now owns 10,240 shares of the financial services provider’s stock worth $670,000 after buying an additional 6,833 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of FBL Financial Group during the first quarter worth about $761,000. Finally, Swiss National Bank boosted its stake in shares of FBL Financial Group by 3.4% in the first quarter. Swiss National Bank now owns 18,400 shares of the financial services provider’s stock worth $1,204,000 after buying an additional 600 shares during the last quarter. 29.37% of the stock is currently owned by institutional investors.

FBL Financial Group Company Profile

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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