Positive Press Coverage Somewhat Unlikely to Affect FBL Financial Group (FFG) Share Price
Headlines about FBL Financial Group (NYSE:FFG) have trended positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. FBL Financial Group earned a daily sentiment score of 0.38 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.3548277134757 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several research analysts have weighed in on FFG shares. 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.
Shares of FBL Financial Group (FFG) traded up 0.74% on Thursday, hitting $75.15. The company’s stock had a trading volume of 6,282 shares. FBL Financial Group has a 1-year low of $59.75 and a 1-year high of $82.60. The company has a 50 day moving average of $70.16 and a 200 day moving average of $66.38. The firm has a market cap of $1.87 billion, a PE ratio of 16.30 and a beta of 0.89.
FBL Financial Group (NYSE:FFG) last posted its earnings results on Thursday, August 3rd. The financial services provider reported $1.23 EPS for the quarter, beating the consensus estimate of $1.04 by $0.19. FBL Financial Group had a return on equity of 9.12% and a net margin of 15.70%. The firm had revenue of $189.00 million for the quarter, compared to analysts’ expectations of $181.63 million. During the same period last year, the firm earned $1.02 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. Equities analysts forecast that FBL Financial Group will post $4.45 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.36%. The ex-dividend date was Thursday, September 14th. FBL Financial Group’s dividend payout ratio is currently 38.18%.
In related news, Director Scott Vanderwal sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $70.46, for a total value of $140,920.00. Following the sale, the director now directly owns 4,000 shares in the company, valued at approximately $281,840. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is owned by company 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.
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