FBL Financial Group, Inc. (FFG) Downgraded by ValuEngine to “Hold”

ValuEngine lowered shares of FBL Financial Group, Inc. (NYSE:FFG) from a buy rating to a hold rating in a report published on Tuesday morning.

FFG has been the subject of a number of other research reports. Zacks Investment Research downgraded FBL Financial Group from a buy rating to a hold rating in a research report on Tuesday, October 10th. 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) traded up $0.05 on Tuesday, hitting $71.25. The stock had a trading volume of 17,300 shares, compared to its average volume of 25,930. The company has a market cap of $1,800.00, a P/E ratio of 16.33 and a beta of 0.92. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.08. FBL Financial Group has a 12-month low of $59.75 and a 12-month high of $82.60.

FBL Financial Group (NYSE:FFG) last issued its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.09). The business 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%. The business’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $1.20 EPS. equities research analysts expect that FBL Financial Group will post 4.38 EPS for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of FBL Financial Group by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 875,833 shares of the financial services provider’s stock valued at $53,863,000 after buying an additional 16,134 shares in the last quarter. Victory Capital Management Inc. raised its holdings 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 buying an additional 58,034 shares in the last quarter. Northern Trust Corp raised its holdings in shares of FBL Financial Group by 3.1% during the 2nd quarter. Northern Trust Corp now owns 309,442 shares of the financial services provider’s stock valued at $19,030,000 after buying an additional 9,175 shares in the last quarter. State Street Corp raised its holdings in shares of FBL Financial Group by 7.9% during the 2nd quarter. State Street Corp now owns 200,717 shares of the financial services provider’s stock valued at $12,343,000 after buying an additional 14,722 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of FBL Financial Group by 0.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 132,285 shares of the financial services provider’s stock valued at $9,855,000 after buying an additional 900 shares in the last quarter. 29.07% 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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