FBL Financial Group, Inc. (FFG) Receives Average Rating of “Hold” from Brokerages
Shares of FBL Financial Group, Inc. (NYSE:FFG) have been given an average broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation.
Zacks has also assigned FBL Financial Group an industry rank of 203 out of 265 based on the ratings given to its competitors.
Several research firms have commented on FFG. Raymond James Financial raised shares of FBL Financial Group from an “underperform” rating to a “market perform” rating in a report on Wednesday, August 9th. Zacks Investment Research downgraded shares of FBL Financial Group from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Finally, ValuEngine raised shares of FBL Financial Group from a “hold” rating to a “buy” rating in a report on Friday, December 1st.
FBL Financial Group (NYSE:FFG) opened at $72.60 on Thursday. FBL Financial Group has a 1-year low of $59.75 and a 1-year high of $82.60. The firm has a market cap of $1,866.23, a price-to-earnings ratio of 17.17 and a beta of 0.89. 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 (NYSE:FFG) last released its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $1.03 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.09). FBL Financial Group had a net margin of 15.30% and a return on equity of 8.93%. The company had revenue of $181.56 million for the quarter, compared to the consensus estimate of $184.51 million. During the same period last year, the company earned $1.20 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. analysts expect that FBL Financial Group will post 4.35 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Thursday, December 14th. FBL Financial Group’s dividend payout ratio is 39.20%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC purchased a new stake in shares of FBL Financial Group during the 3rd quarter valued at about $149,000. OxFORD Asset Management LLP purchased a new stake in shares of FBL Financial Group during the 3rd quarter valued at about $337,000. Schwab Charles Investment Management Inc. raised its position in shares of FBL Financial Group by 5.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 49,915 shares of the financial services provider’s stock valued at $3,719,000 after buying an additional 2,525 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of FBL Financial Group by 17.7% during the 3rd quarter. Wells Fargo & Company MN now owns 46,715 shares of the financial services provider’s stock valued at $3,481,000 after buying an additional 7,023 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of FBL Financial Group by 9.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,942 shares of the financial services provider’s stock valued at $895,000 after buying an additional 1,045 shares in the last quarter. Hedge funds and other institutional investors own 27.75% of the company’s stock.
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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