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. “
Separately, Raymond James Financial, Inc. lowered FBL Financial Group from a mkt perform rating to an underperform rating in a research note on Friday, January 20th.
FBL Financial Group (NYSE:FFG) opened at 65.95 on Thursday. FBL Financial Group has a 12 month low of $56.41 and a 12 month high of $82.60. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 15.41 and a beta of 1.03. The company’s 50-day moving average is $65.72 and its 200 day moving average is $70.09.
FBL Financial Group (NYSE:FFG) last announced its earnings results on Thursday, February 9th. The financial services provider reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by $0.06. The business earned $184.20 million during the quarter, compared to the consensus estimate of $175.79 million. FBL Financial Group had a return on equity of 8.50% and a net margin of 14.76%. FBL Financial Group’s revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.04 earnings per share. Equities analysts forecast that FBL Financial Group will post $4.23 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th were given a $0.44 dividend. The ex-dividend date of this dividend was Monday, March 13th. This represents a $1.76 annualized dividend and a dividend yield of 2.67%. This is a positive change from FBL Financial Group’s previous quarterly dividend of $0.42. FBL Financial Group’s dividend payout ratio is currently 39.25%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new position in shares of FBL Financial Group during the fourth quarter valued at about $16,812,000. United Capital Financial Advisers LLC raised its position in shares of FBL Financial Group by 0.5% in the fourth quarter. United Capital Financial Advisers LLC now owns 76,500 shares of the financial services provider’s stock valued at $5,979,000 after buying an additional 401 shares in the last quarter. Keybank National Association OH raised its position in shares of 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 in the last quarter. State Street Corp raised its position in shares of FBL Financial Group by 4.9% in the fourth quarter. State Street Corp now owns 184,850 shares of the financial services provider’s stock valued at $14,445,000 after buying an additional 8,566 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new position in shares of FBL Financial Group during the third quarter valued at about $582,000. 27.20% of the stock is owned by hedge funds and other 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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