Bank of New York Mellon Corp boosted its holdings in FBL Financial Group (NYSE:FFG) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,236 shares of the financial services provider’s stock after purchasing an additional 1,914 shares during the quarter. Bank of New York Mellon Corp’s holdings in FBL Financial Group were worth $7,972,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC raised its position in FBL Financial Group by 149.8% during the 1st quarter. Barclays PLC now owns 4,087 shares of the financial services provider’s stock worth $284,000 after buying an additional 2,451 shares during the last quarter. Russell Investments Group Ltd. raised its position in FBL Financial Group by 26.9% during the 1st quarter. Russell Investments Group Ltd. now owns 11,138 shares of the financial services provider’s stock worth $772,000 after buying an additional 2,358 shares during the last quarter. Swiss National Bank raised its position in FBL Financial Group by 6.0% during the 1st quarter. Swiss National Bank now owns 19,500 shares of the financial services provider’s stock worth $1,352,000 after buying an additional 1,100 shares during the last quarter. First Trust Advisors LP raised its position in FBL Financial Group by 52.7% during the 2nd quarter. First Trust Advisors LP now owns 28,012 shares of the financial services provider’s stock worth $2,206,000 after buying an additional 9,667 shares during the last quarter. Finally, IndexIQ Advisors LLC raised its position in FBL Financial Group by 7.8% during the 2nd quarter. IndexIQ Advisors LLC now owns 31,542 shares of the financial services provider’s stock worth $2,484,000 after buying an additional 2,269 shares during the last quarter. Hedge funds and other institutional investors own 29.71% of the company’s stock.

A number of equities analysts have commented on the stock. ValuEngine downgraded shares of FBL Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Zacks Investment Research upgraded shares of FBL Financial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th.

Shares of FBL Financial Group stock opened at $75.10 on Friday. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 17.37 and a beta of 0.83. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.08. FBL Financial Group has a one year low of $64.00 and a one year high of $85.70.

FBL Financial Group (NYSE:FFG) last announced its quarterly earnings data on Thursday, August 2nd. The financial services provider reported $1.31 EPS for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.08. The company had revenue of $189.95 million during the quarter, compared to the consensus estimate of $192.62 million. FBL Financial Group had a net margin of 26.02% and a return on equity of 8.59%. equities research analysts forecast that FBL Financial Group will post 4.82 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $1.84 dividend on an annualized basis and a yield of 2.45%. FBL Financial Group’s payout ratio is currently 42.59%.

FBL Financial Group Profile

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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Institutional Ownership by Quarter for FBL Financial Group (NYSE:FFG)

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