FBL Financial Group (NYSE:FFG) Given Average Recommendation of “Hold” by Analysts

Shares of FBL Financial Group (NYSE:FFG) have earned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Zacks has also given FBL Financial Group an industry rank of 99 out of 256 based on the ratings given to its competitors.

A number of research firms have weighed in on FFG. TheStreet lowered shares of USD Partners from a “b-” rating to a “c+” rating in a research report on Friday, May 10th. ValuEngine lowered shares of Xylem from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Finally, Zacks Investment Research lowered shares of Forward Air from a “hold” rating to a “sell” rating in a research report on Monday, June 17th.

Institutional investors and hedge funds have recently bought and sold shares of the business. Citigroup Inc. boosted its position in shares of FBL Financial Group by 14.6% in the fourth quarter. Citigroup Inc. now owns 3,570 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 455 shares during the period. Geode Capital Management LLC boosted its position in shares of FBL Financial Group by 10.6% during the fourth quarter. Geode Capital Management LLC now owns 113,693 shares of the financial services provider’s stock worth $7,463,000 after acquiring an additional 10,895 shares during the last quarter. American Century Companies Inc. boosted its position in shares of FBL Financial Group by 216.2% during the fourth quarter. American Century Companies Inc. now owns 16,892 shares of the financial services provider’s stock worth $1,109,000 after acquiring an additional 11,550 shares during the last quarter. Norges Bank bought a new position in shares of FBL Financial Group during the fourth quarter worth $11,284,000. Finally, Victory Capital Management Inc. boosted its position in shares of FBL Financial Group by 8.9% during the first quarter. Victory Capital Management Inc. now owns 741,976 shares of the financial services provider’s stock worth $46,537,000 after acquiring an additional 60,395 shares during the last quarter. Institutional investors and hedge funds own 28.96% of the company’s stock.

FFG stock traded down $0.60 during midday trading on Tuesday, reaching $63.86. 7,682 shares of the company’s stock traded hands, compared to its average volume of 21,007. FBL Financial Group has a 52-week low of $59.61 and a 52-week high of $85.70. The company has a market cap of $1.57 billion, a PE ratio of 14.65 and a beta of 0.70. 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 stock’s 50-day moving average is $60.93.

FBL Financial Group (NYSE:FFG) last announced its earnings results on Thursday, May 2nd. The financial services provider reported $1.04 EPS for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.11). FBL Financial Group had a net margin of 14.03% and a return on equity of 9.00%. The business had revenue of $203.56 million for the quarter. Sell-side analysts anticipate that FBL Financial Group will post 4.8 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.48 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.01%. FBL Financial Group’s payout ratio is currently 44.04%.

About FBL Financial Group

FBL Financial Group, Inc, through its subsidiaries, sells individual life insurance and annuity products. The Annuity segment sells various traditional annuity products that primarily consist of fixed rate and indexed annuities, and supplementary contracts. The Life Insurance segment offers whole life, term life, and universal life policies.

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