Ameriprise Financial Inc. reduced its stake in shares of FBL Financial Group, Inc. (NYSE:FFG) by 1.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 130,385 shares of the financial services provider’s stock after selling 2,140 shares during the period. Ameriprise Financial Inc. owned 0.52% of FBL Financial Group worth $8,533,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Eqis Capital Management Inc. raised its stake in FBL Financial Group by 7.1% in the first quarter. Eqis Capital Management Inc. now owns 4,203 shares of the financial services provider’s stock valued at $275,000 after buying an additional 277 shares during the period. Highbridge Capital Management LLC raised its stake in FBL Financial Group by 44.5% in the fourth quarter. Highbridge Capital Management LLC now owns 8,791 shares of the financial services provider’s stock valued at $687,000 after buying an additional 2,706 shares during the period. Karp Capital Management Corp purchased a new stake in FBL Financial Group during the first quarter valued at approximately $761,000. Keybank National Association OH raised its stake in FBL Financial Group by 4.3% in the fourth quarter. Keybank National Association OH now owns 12,000 shares of the financial services provider’s stock valued at $938,000 after buying an additional 500 shares during the period. Finally, First Trust Advisors LP raised its stake in FBL Financial Group by 33.4% in the first quarter. First Trust Advisors LP now owns 17,714 shares of the financial services provider’s stock valued at $1,159,000 after buying an additional 4,432 shares during the period. Hedge funds and other institutional investors own 30.34% of the company’s stock.
Shares of FBL Financial Group, Inc. (FFG) opened at 62.30 on Wednesday. The firm has a 50-day moving average of $63.78 and a 200 day moving average of $68.81. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 14.52 and a beta of 0.90. FBL Financial Group, Inc. has a 1-year low of $56.41 and a 1-year high of $82.60.
FBL Financial Group (NYSE:FFG) last issued its earnings results on Thursday, May 4th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.04. The firm had revenue of $181.92 million for the quarter, compared to the consensus estimate of $179.83 million. FBL Financial Group had a net margin of 14.78% and a return on equity of 8.65%. The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.05 earnings per share. Equities research analysts forecast that FBL Financial Group, Inc. will post $4.25 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 2.83%. FBL Financial Group’s dividend payout ratio is presently 41.03%.
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Several research firms have commented on FFG. Zacks Investment Research lowered shares of FBL Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, June 5th. BidaskClub upgraded shares of FBL Financial Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th.
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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