Zacks: FBL Financial Group (NYSE:FFG) Given Average Rating of “Hold” by Analysts

FBL Financial Group (NYSE:FFG) has earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Zacks has also given FBL Financial Group an industry rank of 99 out of 256 based on the ratings given to its competitors.

FFG has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Forward Air from a “hold” rating to a “sell” rating in a report on Monday, June 17th. ValuEngine cut shares of Xylem from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. Finally, TheStreet cut shares of USD Partners from a “b-” rating to a “c+” rating in a research note on Friday, May 10th.

A number of hedge funds and other institutional investors have recently bought and sold shares of FFG. Legal & General Group Plc grew its position in FBL Financial Group by 5.7% during the fourth quarter. Legal & General Group Plc now owns 3,732 shares of the financial services provider’s stock valued at $245,000 after buying an additional 201 shares during the period. Citigroup Inc. grew its stake in shares of FBL Financial Group by 14.6% in the fourth quarter. Citigroup Inc. now owns 3,570 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 455 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of FBL Financial Group by 3.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 22,116 shares of the financial services provider’s stock worth $1,387,000 after purchasing an additional 700 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of FBL Financial Group by 3.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 39,266 shares of the financial services provider’s stock worth $2,578,000 after purchasing an additional 1,385 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of FBL Financial Group by 14.5% in the fourth quarter. Bank of America Corp DE now owns 11,277 shares of the financial services provider’s stock worth $740,000 after purchasing an additional 1,432 shares during the last quarter. Institutional investors and hedge funds own 28.96% of the company’s stock.

Shares of NYSE FFG traded down $0.60 during trading hours on Tuesday, hitting $63.86. 7,682 shares of the company’s stock were exchanged, compared to its average volume of 21,007. FBL Financial Group has a 1-year low of $59.61 and a 1-year high of $85.70. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.03 and a quick ratio of 0.03. The stock has a market cap of $1.57 billion, a PE ratio of 14.65 and a beta of 0.70. The firm has a 50-day moving average of $60.93.

FBL Financial Group (NYSE:FFG) last posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.11). FBL Financial Group had a return on equity of 9.00% and a net margin of 14.03%. The business had revenue of $203.56 million for the quarter. On average, research analysts predict that FBL Financial Group will post 4.8 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Thursday, June 13th. FBL Financial Group’s dividend payout ratio is presently 44.04%.

About FBL Financial Group

FBL Financial Group, Inc, through its subsidiaries, sells individual life insurance and annuity products. The Annuity segment sells various traditional annuity products that primarily consist of fixed rate and indexed annuities, and supplementary contracts. The Life Insurance segment offers whole life, term life, and universal life policies.

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