FBL Financial Group, Inc. (NYSE:FFG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note 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. “
Other research analysts have also recently issued reports about the company. ValuEngine upgraded FBL Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, September 13th. BidaskClub raised FBL Financial Group from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Raymond James Financial, Inc. raised FBL Financial Group from an “underperform” rating to a “market perform” rating in a report on Wednesday, August 9th.
Shares of FBL Financial Group (NYSE FFG) opened at $74.40 on Tuesday. The company has a market capitalization of $1,855.02, a PE ratio of 17.06 and a beta of 0.92. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.03 and a current ratio of 0.03. FBL Financial Group has a 52-week low of $59.75 and a 52-week high of $82.60.
FBL Financial Group (NYSE:FFG) last released its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.09). FBL Financial Group had a return on equity of 8.93% and a net margin of 15.30%. The business had revenue of $181.56 million during the quarter, compared to analyst estimates of $184.51 million. During the same period in the previous year, the company posted $1.20 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. equities analysts forecast that FBL Financial Group will post 4.35 earnings per share for the current year.
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A number of large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. lifted its position in shares of FBL Financial Group by 9.4% during the 3rd quarter. Victory Capital Management Inc. now owns 677,344 shares of the financial services provider’s stock valued at $50,462,000 after acquiring an additional 58,034 shares during the period. Vanguard Group Inc. lifted its position in shares of FBL Financial Group by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 859,699 shares of the financial services provider’s stock valued at $56,268,000 after acquiring an additional 50,460 shares during the period. Shell Asset Management Co. acquired a new position in shares of FBL Financial Group during the 3rd quarter worth approximately $2,064,000. Renaissance Technologies LLC raised its position in shares of FBL Financial Group by 162.9% during the 1st quarter. Renaissance Technologies LLC now owns 71,500 shares of the financial services provider’s stock worth $4,680,000 after purchasing an additional 44,300 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of FBL Financial Group by 55.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 74,402 shares of the financial services provider’s stock worth $4,576,000 after purchasing an additional 26,440 shares during the last quarter. Hedge funds and other institutional investors own 27.32% of the company’s stock.
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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