Zacks Investment Research Upgrades FBL Financial Group (FFG) to “Hold”

Zacks Investment Research upgraded shares of FBL Financial Group (NYSE:FFG) from a sell rating to a hold rating in a research report released on Tuesday.

According to Zacks, “FBL FINANCIAL GROUP, INC. is a holding company and hrough its subsidiaries underwrites, markets and distributes life insurance, annuities, property-casualty insurance and mutual funds to individuals and small businesses in 15 midwestern and western states. The Company has exclusive marketing arrangements with the state Farm Bureau Federations in its territory and targets sales to approximately 700,000 Farm Bureau member families and other rural, small town andsuburban residents through an exclusive agency force. The Company offers a full range of life insurance products. “

Separately, ValuEngine lowered shares of FBL Financial Group from a buy rating to a hold rating in a research report on Wednesday, August 8th.

Shares of FFG traded up $0.40 during trading hours on Tuesday, reaching $71.75. 2,756 shares of the company traded hands, compared to its average volume of 19,315. The firm has a market capitalization of $1.74 billion, a P/E ratio of 16.61 and a beta of 0.91. 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 1-year low of $64.00 and a 1-year high of $85.70.

FBL Financial Group (NYSE:FFG) last announced its quarterly earnings data on Thursday, November 1st. The financial services provider reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.06. The business had revenue of $188.11 million during the quarter, compared to analyst estimates of $185.05 million. FBL Financial Group had a net margin of 26.31% and a return on equity of 9.24%. As a group, equities analysts forecast that FBL Financial Group will post 4.87 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC raised its position in shares of FBL Financial Group by 29.7% during the third quarter. O Shaughnessy Asset Management LLC now owns 3,376 shares of the financial services provider’s stock valued at $254,000 after buying an additional 773 shares during the last quarter. HGK Asset Management Inc. increased 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 valued at $422,000 after acquiring an additional 870 shares during the period. Zebra Capital Management LLC bought a new stake in FBL Financial Group in the second quarter valued at about $527,000. Russell Investments Group Ltd. increased 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 valued at $772,000 after acquiring an additional 2,358 shares during the period. Finally, LSV Asset Management bought a new stake in FBL Financial Group in the second quarter valued at about $1,346,000. 28.43% of the stock is owned by institutional investors and hedge funds.

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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