UBS Group AG Has $138,000 Position in FBL Financial Group, Inc. (FFG)
UBS Group AG decreased its position in shares of FBL Financial Group, Inc. (NYSE:FFG) by 37.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,115 shares of the financial services provider’s stock after selling 1,280 shares during the period. UBS Group AG’s holdings in FBL Financial Group were worth $138,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of FFG. Bank of New York Mellon Corp raised its stake 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 worth $5,761,000 after buying an additional 3,674 shares during the period. Norges Bank acquired a new stake in FBL Financial Group during the fourth quarter worth about $16,812,000. Swiss National Bank raised its stake in FBL Financial Group by 3.4% in the first quarter. Swiss National Bank now owns 18,400 shares of the financial services provider’s stock worth $1,204,000 after buying an additional 600 shares during the period. Victory Capital Management Inc. raised its stake 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 worth $39,401,000 after buying an additional 172,702 shares during the period. Finally, Teachers Advisors LLC raised its stake in FBL Financial Group by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 21,834 shares of the financial services provider’s stock worth $1,706,000 after buying an additional 586 shares during the period. 29.37% of the stock is currently owned by institutional investors and hedge funds.
FBL Financial Group, Inc. (NYSE:FFG) traded down 0.27% during mid-day trading on Friday, reaching $74.45. The company’s stock had a trading volume of 2,438 shares. The company has a 50 day moving average of $65.96 and a 200-day moving average of $66.10. FBL Financial Group, Inc. has a 52-week low of $59.75 and a 52-week high of $82.60. The stock has a market cap of $1.86 billion, a PE ratio of 16.15 and a beta of 0.88.
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, topping analysts’ consensus estimates of $1.04 by $0.19. The firm had revenue of $189 million for the quarter, compared to the consensus estimate of $181.63 million. FBL Financial Group had a return on equity of 9.12% and a net margin of 15.70%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.02 earnings per share. Equities analysts forecast that FBL Financial Group, Inc. will post $4.45 earnings per share for the current year.
A number of research firms have issued reports on FFG. BidaskClub raised FBL Financial Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Raymond James Financial, Inc. raised FBL Financial Group from an “underperform” rating to a “market perform” rating in a report on Wednesday. Finally, Zacks Investment Research raised FBL Financial Group from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Monday, June 19th.
In other FBL Financial Group news, Director Scott Vanderwal sold 2,000 shares of the business’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 transaction of $140,920.00. Following the transaction, the director now owns 4,000 shares of the company’s stock, valued at $281,840. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.60% of the stock is owned by 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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