FBL Financial Group (NYSE:FFG) Rating Lowered to Underperform at Raymond James

Raymond James downgraded shares of FBL Financial Group (NYSE:FFG) from a market perform rating to an underperform rating in a research report report published on Tuesday morning, BenzingaRatingsTable reports.

FFG has been the subject of several other reports. ValuEngine upgraded FBL Financial Group from a sell rating to a hold rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded FBL Financial Group from a sell rating to a hold rating in a research note on Monday, June 17th. Finally, TheStreet upgraded FBL Financial Group from a c+ rating to a b rating in a research note on Friday, May 10th.

Shares of FBL Financial Group stock traded down $0.17 during trading hours on Tuesday, hitting $58.81. 22,679 shares of the company’s stock traded hands, compared to its average volume of 21,815. The stock has a 50 day moving average of $62.84. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.03 and a current ratio of 0.03. The stock has a market cap of $1.42 billion, a P/E ratio of 13.49 and a beta of 0.68. FBL Financial Group has a twelve month low of $54.89 and a twelve month high of $83.55.

FBL Financial Group (NYSE:FFG) last announced its earnings results on Thursday, August 1st. The financial services provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.03. The company had revenue of $192.91 million during the quarter. FBL Financial Group had a return on equity of 8.62% and a net margin of 13.96%. As a group, sell-side analysts anticipate that FBL Financial Group will post 4.8 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of FFG. Victory Capital Management Inc. raised its holdings in shares of FBL Financial Group by 8.9% during the first quarter. Victory Capital Management Inc. now owns 741,976 shares of the financial services provider’s stock valued at $46,537,000 after buying an additional 60,395 shares during the last quarter. Norges Bank acquired a new position in FBL Financial Group in the fourth quarter worth approximately $11,284,000. Wells Fargo & Company MN grew its position in FBL Financial Group by 31.7% in the second quarter. Wells Fargo & Company MN now owns 129,192 shares of the financial services provider’s stock worth $8,243,000 after buying an additional 31,068 shares during the last quarter. Geode Capital Management LLC grew its position in FBL Financial Group by 10.6% in the fourth quarter. Geode Capital Management LLC now owns 113,693 shares of the financial services provider’s stock worth $7,463,000 after buying an additional 10,895 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in FBL Financial Group by 2.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 57,575 shares of the financial services provider’s stock worth $3,674,000 after buying an additional 1,158 shares during the last quarter. Institutional investors and hedge funds own 28.66% of the company’s stock.

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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