Zacks: FBL Financial Group (FFG) Given Consensus Recommendation of “Hold” by Analysts

Shares of FBL Financial Group (NYSE:FFG) have received an average broker rating score of 3.00 (Hold) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three analysts have rated the stock with a hold recommendation.

Zacks has also assigned FBL Financial Group an industry rank of 31 out of 255 based on the ratings given to related companies.

Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of FBL Financial Group from a “sell” rating to a “hold” rating in a report on Monday, June 18th. ValuEngine cut shares of FBL Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th.

Institutional investors have recently modified their holdings of the company. Barclays PLC grew its holdings in shares of FBL Financial Group by 149.8% in the first quarter. Barclays PLC now owns 4,087 shares of the financial services provider’s stock worth $284,000 after purchasing an additional 2,451 shares during the last quarter. HGK Asset Management Inc. lifted its stake in FBL Financial Group by 19.4% in the second quarter. HGK Asset Management Inc. now owns 5,356 shares of the financial services provider’s stock worth $422,000 after acquiring an additional 870 shares during the period. Zebra Capital Management LLC purchased a new stake in FBL Financial Group in the second quarter worth $527,000. Russell Investments Group Ltd. lifted its stake in FBL Financial Group by 26.9% in the first quarter. Russell Investments Group Ltd. now owns 11,138 shares of the financial services provider’s stock worth $772,000 after acquiring an additional 2,358 shares during the period. Finally, LSV Asset Management purchased a new stake in FBL Financial Group in the second quarter worth $1,346,000. Hedge funds and other institutional investors own 29.71% of the company’s stock.

Shares of FBL Financial Group stock traded up $0.53 on Monday, hitting $75.44. The stock had a trading volume of 24,700 shares, compared to its average volume of 19,942. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.03 and a current ratio of 0.03. FBL Financial Group has a one year low of $64.00 and a one year high of $85.70. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 17.46 and a beta of 0.83.

FBL Financial Group (NYSE:FFG) last issued its earnings results on Thursday, August 2nd. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.08. FBL Financial Group had a net margin of 26.02% and a return on equity of 8.59%. The firm had revenue of $189.95 million for the quarter, compared to analysts’ expectations of $192.62 million. As a group, equities research analysts forecast that FBL Financial Group will post 4.82 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Thursday, September 13th. FBL Financial Group’s dividend payout ratio is 42.59%.

FBL Financial Group Company Profile

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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