FBL Financial Group, Inc. (FFG) Cut to “Sell” at Zacks Investment Research

FBL Financial Group, Inc. (NYSE:FFG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday, November 7th.

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. “

FFG has been the topic of a number of other reports. ValuEngine upgraded FBL Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, September 13th. BidaskClub upgraded FBL Financial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Raymond James Financial, Inc. upgraded FBL Financial Group from an “underperform” rating to a “market perform” rating in a research note on Wednesday, August 9th.

FBL Financial Group (FFG) traded down $0.40 during midday trading on Tuesday, reaching $73.90. The company’s stock had a trading volume of 7,096 shares, compared to its average volume of 19,051. FBL Financial Group has a one year low of $59.75 and a one year high of $82.60. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1,842.55, a price-to-earnings ratio of 16.95 and a beta of 0.92.

FBL Financial Group (NYSE:FFG) last posted its earnings results on Thursday, November 2nd. The financial services provider reported $1.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.09). The company had revenue of $181.56 million for the quarter, compared to the consensus estimate of $184.51 million. FBL Financial Group had a net margin of 15.30% and a return on equity of 8.93%. FBL Financial Group’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the business earned $1.20 earnings per share. analysts forecast that FBL Financial Group will post 4.35 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in FBL Financial Group during the third quarter valued at approximately $110,000. BNP Paribas Arbitrage SA boosted its holdings in FBL Financial Group by 134.7% during the second 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. Steward Partners Investment Advisory LLC acquired a new stake in FBL Financial Group during the third quarter valued at approximately $149,000. Dynamic Technology Lab Private Ltd acquired a new stake in FBL Financial Group during the second quarter valued at approximately $200,000. Finally, Legal & General Group Plc boosted its holdings in FBL Financial Group by 34.5% during the second 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. 27.32% of the stock is currently owned by institutional investors.

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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.

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