FBL Financial Group (FFG) Upgraded to “Buy” at Zacks Investment Research

FBL Financial Group (NYSE:FFG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The brokerage presently has a $78.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s price objective points to a potential upside of 12.17% from the stock’s current price.

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 report on Wednesday, August 8th.

FFG stock opened at $69.54 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.03 and a quick ratio of 0.03. FBL Financial Group has a one year low of $64.00 and a one year high of $85.70. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 16.10 and a beta of 0.91.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Teachers Advisors LLC lifted its holdings in shares of FBL Financial Group by 4.1% in the 3rd quarter. Teachers Advisors LLC now owns 20,562 shares of the financial services provider’s stock worth $1,547,000 after acquiring an additional 804 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of FBL Financial Group by 21.7% in the 3rd quarter. AQR Capital Management LLC now owns 17,425 shares of the financial services provider’s stock worth $1,311,000 after acquiring an additional 3,110 shares during the last quarter. IndexIQ Advisors LLC lifted its holdings in shares of FBL Financial Group by 3.9% in the 3rd quarter. IndexIQ Advisors LLC now owns 32,779 shares of the financial services provider’s stock worth $2,467,000 after acquiring an additional 1,237 shares during the last quarter. MetLife Investment Advisors LLC lifted its holdings in shares of FBL Financial Group by 51.7% in the 3rd quarter. MetLife Investment Advisors LLC now owns 7,266 shares of the financial services provider’s stock worth $547,000 after acquiring an additional 2,476 shares during the last quarter. Finally, Laurion Capital Management LP bought a new stake in shares of FBL Financial Group in the 3rd quarter worth approximately $5,388,000. Hedge funds and other institutional investors own 27.09% of the company’s stock.

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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