Karp Capital Management Corp Takes Position in FBL Financial Group, Inc. (FFG)

Karp Capital Management Corp bought a new position in FBL Financial Group, Inc. (NYSE:FFG) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,628 shares of the financial services provider’s stock, valued at approximately $761,000.

Several other institutional investors also recently modified their holdings of FFG. Eqis Capital Management Inc. boosted its position in shares of FBL Financial Group by 7.1% in the first quarter. Eqis Capital Management Inc. now owns 4,203 shares of the financial services provider’s stock worth $275,000 after buying an additional 277 shares during the last quarter. Highbridge Capital Management LLC boosted its position in shares of FBL Financial Group by 44.5% in the fourth quarter. Highbridge Capital Management LLC now owns 8,791 shares of the financial services provider’s stock worth $687,000 after buying an additional 2,706 shares during the last quarter. Keybank National Association OH boosted its position in shares of FBL Financial Group by 4.3% in the fourth quarter. Keybank National Association OH now owns 12,000 shares of the financial services provider’s stock worth $938,000 after buying an additional 500 shares during the last quarter. First Trust Advisors LP boosted its position in shares of FBL Financial Group by 33.4% in the first quarter. First Trust Advisors LP now owns 17,714 shares of the financial services provider’s stock worth $1,159,000 after buying an additional 4,432 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of FBL Financial Group by 3.4% in the first quarter. Swiss National Bank now owns 18,400 shares of the financial services provider’s stock worth $1,204,000 after buying an additional 600 shares during the last quarter. Institutional investors and hedge funds own 30.53% of the company’s stock.

Institutional Ownership by Quarter for FBL Financial Group (NYSE:FFG)

Shares of FBL Financial Group, Inc. (FFG) opened at 64.15 on Friday. The stock has a 50 day moving average price of $64.01 and a 200 day moving average price of $69.12. FBL Financial Group, Inc. has a 12 month low of $56.41 and a 12 month high of $82.60. The firm has a market cap of $1.60 billion, a PE ratio of 14.95 and a beta of 0.90.

FBL Financial Group (NYSE:FFG) last released its quarterly earnings data on Thursday, May 4th. The financial services provider reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.04. FBL Financial Group had a net margin of 14.78% and a return on equity of 8.65%. The business had revenue of $181.92 million during the quarter, compared to analysts’ expectations of $179.83 million. During the same quarter in the prior year, the company earned $1.05 EPS. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. On average, equities research analysts expect that FBL Financial Group, Inc. will post $4.25 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Tuesday, June 13th. FBL Financial Group’s dividend payout ratio is currently 41.03%.

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FFG has been the topic of a number of recent research reports. Zacks Investment Research upgraded FBL Financial Group from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Wednesday, June 7th. BidaskClub upgraded FBL Financial Group from a “strong sell” rating to a “sell” rating in a report on Tuesday.

About FBL Financial Group

FBL Financial Group, Inc sells individual life insurance and annuity products under the brand name of Farm Bureau Financial Services. The Company’s segments are Annuity Segment, which sells a variety of traditional annuity products; Life Insurance Segment, which sells a range of traditional and universal life insurance products, and Corporate and Other segment, which provides various support operations, corporate capital and other product lines.

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