California Public Employees Retirement System boosted its stake in FBL Financial Group, Inc. (NYSE:FFG) by 12.2% during the first quarter, Holdings Channel reports. The fund owned 13,800 shares of the financial services provider’s stock after buying an additional 1,500 shares during the period. California Public Employees Retirement System’s holdings in FBL Financial Group were worth $903,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FFG. Victory Capital Management Inc. increased its position in FBL Financial Group by 40.2% in the first quarter. Victory Capital Management Inc. now owns 602,015 shares of the financial services provider’s stock valued at $39,401,000 after buying an additional 172,702 shares during the last quarter. Norges Bank purchased a new position in FBL Financial Group during the fourth quarter valued at $16,812,000. Prudential Financial Inc. increased its position in FBL Financial Group by 8.8% in the first quarter. Prudential Financial Inc. now owns 108,663 shares of the financial services provider’s stock valued at $7,112,000 after buying an additional 8,770 shares during the last quarter. Bank of New York Mellon Corp increased its position in FBL Financial Group by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 88,010 shares of the financial services provider’s stock valued at $5,761,000 after buying an additional 3,674 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in FBL Financial Group by 3.2% in the first quarter. Teachers Advisors LLC now owns 22,527 shares of the financial services provider’s stock valued at $1,474,000 after buying an additional 693 shares during the last quarter. Institutional investors own 29.41% of the company’s stock.

FBL Financial Group, Inc. (NYSE:FFG) traded up 1.51% on Monday, hitting $70.80. The stock had a trading volume of 466 shares. FBL Financial Group, Inc. has a 52 week low of $59.75 and a 52 week high of $82.60. The firm has a 50-day moving average of $66.21 and a 200 day moving average of $66.11. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 15.36 and a beta of 0.88.

FBL Financial Group (NYSE:FFG) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.19. The company had revenue of $189 million during the quarter, compared to analysts’ expectations of $181.63 million. FBL Financial Group had a return on equity of 9.12% and a net margin of 15.70%. FBL Financial Group’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.02 earnings per share. On average, analysts predict that FBL Financial Group, Inc. will post $4.45 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “California Public Employees Retirement System Increases Stake in FBL Financial Group, Inc. (FFG)” was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another website, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The correct version of this piece can be accessed at https://www.watchlistnews.com/california-public-employees-retirement-system-increases-stake-in-fbl-financial-group-inc-ffg/1486754.html.

FFG has been the subject of several research reports. Zacks Investment Research downgraded FBL Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. BidaskClub downgraded FBL Financial Group from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Finally, Raymond James Financial, Inc. upgraded FBL Financial Group from an “underperform” rating to a “market perform” rating in a research note on Wednesday, August 9th.

In related news, Director Scott Vanderwal sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $70.46, for a total transaction of $140,920.00. Following the completion of the sale, the director now owns 4,000 shares in the company, valued at $281,840. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

About FBL Financial Group

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.

Want to see what other hedge funds are holding FFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FBL Financial Group, Inc. (NYSE:FFG).

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

Receive News & Ratings for FBL Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FBL Financial Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.