Legal & General Group Plc decreased its stake in shares of FBL Financial Group, Inc. (NYSE:FFG) by 1.6% during the first quarter, Holdings Channel reports. The firm owned 3,283 shares of the financial services provider’s stock after selling 55 shares during the period. Legal & General Group Plc’s holdings in FBL Financial Group were worth $214,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Eqis Capital Management Inc. raised its position in FBL Financial Group by 7.1% in the first quarter. Eqis Capital Management Inc. now owns 4,203 shares of the financial services provider’s stock valued at $275,000 after buying an additional 277 shares during the period. American International Group Inc. raised its position in FBL Financial Group by 7.2% in the first quarter. American International Group Inc. now owns 6,063 shares of the financial services provider’s stock valued at $397,000 after buying an additional 408 shares during the period. TFS Capital LLC raised its position in FBL Financial Group by 200.6% in the first quarter. TFS Capital LLC now owns 10,240 shares of the financial services provider’s stock valued at $670,000 after buying an additional 6,833 shares during the period. Karp Capital Management Corp acquired a new position in FBL Financial Group during the first quarter valued at approximately $761,000. Finally, California Public Employees Retirement System raised its position in FBL Financial Group by 12.2% in the first quarter. California Public Employees Retirement System now owns 13,800 shares of the financial services provider’s stock valued at $903,000 after buying an additional 1,500 shares during the period. Institutional investors and hedge funds own 29.37% of the company’s stock.

Shares of FBL Financial Group, Inc. (FFG) traded down 6.56% during midday trading on Friday, hitting $69.75. 65,247 shares of the stock traded hands. The company’s 50 day moving average price is $66.21 and its 200-day moving average price is $66.11. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 15.13 and a beta of 0.88. FBL Financial Group, Inc. has a 12-month low of $59.75 and a 12-month high of $82.60.

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

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Several equities research analysts have recently weighed in on the stock. Raymond James Financial, Inc. raised shares of FBL Financial Group from an “underperform” rating to a “market perform” rating in a research note on Wednesday. BidaskClub raised shares of FBL Financial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Zacks Investment Research raised shares of FBL Financial Group from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Tuesday.

In other news, Director Scott Vanderwal sold 2,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $70.46, for a total transaction of $140,920.00. Following the transaction, the director now owns 4,000 shares of the company’s stock, valued at approximately $281,840. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.60% of the company’s stock.

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.

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

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