Parametric Portfolio Associates LLC cut its position in shares of FBL Financial Group, Inc. (NYSE:FFG) by 6.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,809 shares of the financial services provider’s stock after selling 2,330 shares during the period. Parametric Portfolio Associates LLC’s holdings in FBL Financial Group were worth $2,344,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the stock. Daido Life Insurance Co. bought a new stake in shares of FBL Financial Group during the fourth quarter worth $29,227,000. Norges Bank bought a new stake in shares of FBL Financial Group during the fourth quarter worth $16,812,000. State Street Corp boosted its stake in shares of FBL Financial Group by 4.9% in the fourth quarter. State Street Corp now owns 184,850 shares of the financial services provider’s stock worth $14,445,000 after buying an additional 8,566 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of FBL Financial Group by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 88,010 shares of the financial services provider’s stock worth $5,761,000 after buying an additional 3,674 shares during the period. Finally, Teachers Advisors LLC boosted its stake in shares of FBL Financial Group by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 21,834 shares of the financial services provider’s stock worth $1,706,000 after buying an additional 586 shares during the period. 29.34% of the stock is owned by hedge funds and other institutional investors.
Shares of FBL Financial Group, Inc. (FFG) opened at 64.65 on Monday. The stock has a market capitalization of $1.61 billion, a PE ratio of 15.07 and a beta of 0.87. FBL Financial Group, Inc. has a one year low of $59.43 and a one year high of $82.60. The stock has a 50 day moving average of $62.70 and a 200-day moving average of $68.04.
FBL Financial Group (NYSE:FFG) last posted its quarterly earnings results on Thursday, May 4th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, topping 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 company had revenue of $181.92 million for the quarter, compared to the consensus estimate of $179.83 million. During the same period last year, the firm posted $1.05 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. Equities analysts predict that FBL Financial Group, Inc. will post $4.25 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were given a $0.44 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.72%. FBL Financial Group’s payout ratio is currently 41.03%.
A number of equities research analysts recently weighed in on FFG shares. Zacks Investment Research cut shares of FBL Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. BidaskClub cut shares of FBL Financial Group from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd.
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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