Citadel Advisors LLC Grows Stake in FBL Financial Group, Inc. (NYSE:FFG)

Citadel Advisors LLC grew its holdings in shares of FBL Financial Group, Inc. (NYSE:FFG) by 22.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,853 shares of the financial services provider’s stock after purchasing an additional 1,819 shares during the period. Citadel Advisors LLC’s holdings in FBL Financial Group were worth $606,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. BNP Paribas Arbitrage SA boosted its position in shares of FBL Financial Group by 134.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,068 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 1,187 shares in the last quarter. Legal & General Group Plc boosted its position in shares of FBL Financial Group by 34.5% during the 2nd quarter. Legal & General Group Plc now owns 4,417 shares of the financial services provider’s stock valued at $272,000 after purchasing an additional 1,134 shares in the last quarter. American International Group Inc. boosted its position in shares of FBL Financial Group by 7.2% during the 1st quarter. American International Group Inc. now owns 6,063 shares of the financial services provider’s stock valued at $397,000 after purchasing an additional 408 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of FBL Financial Group during the 2nd quarter valued at about $422,000. Finally, Strs Ohio boosted its position in shares of FBL Financial Group by 5.7% during the 2nd quarter. Strs Ohio now owns 11,100 shares of the financial services provider’s stock valued at $682,000 after purchasing an additional 600 shares in the last quarter. 28.58% of the stock is currently owned by institutional investors.

In other FBL Financial Group news, Director Scott Vanderwal sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $70.46, for a total transaction of $140,920.00. Following the completion of the transaction, the director now owns 4,000 shares of the company’s stock, valued at approximately $281,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.60% of the company’s stock.

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FBL Financial Group, Inc. (NYSE FFG) opened at 78.00 on Tuesday. FBL Financial Group, Inc. has a 12 month low of $59.75 and a 12 month high of $82.60. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 16.92 and a beta of 0.89. The company’s 50-day moving average is $71.72 and its 200 day moving average is $67.04.

FBL Financial Group (NYSE:FFG) last released its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.19. FBL Financial Group had a return on equity of 9.12% and a net margin of 15.70%. The company had revenue of $189.00 million for the quarter, compared to analyst estimates of $181.63 million. During the same period in the previous year, the company posted $1.02 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts forecast that FBL Financial Group, Inc. will post $4.45 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.26%. The ex-dividend date was Thursday, September 14th. FBL Financial Group’s dividend payout ratio is presently 38.18%.

Several research analysts have commented on FFG shares. Zacks Investment Research upgraded shares of FBL Financial Group from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a report on Thursday, August 17th. ValuEngine upgraded shares of FBL Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, September 13th. Finally, BidaskClub raised shares of FBL Financial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th.

FBL Financial Group 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.

Institutional Ownership by Quarter for FBL Financial Group (NYSE:FFG)

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