Schwab Charles Investment Management Inc. Raises Position in FBL Financial Group, Inc. (FFG)

Schwab Charles Investment Management Inc. increased its holdings in FBL Financial Group, Inc. (NYSE:FFG) by 1.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,390 shares of the financial services provider’s stock after acquiring an additional 503 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.19% of FBL Financial Group worth $2,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of FBL Financial Group by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 859,699 shares of the financial services provider’s stock worth $56,268,000 after acquiring an additional 50,460 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of FBL Financial Group by 4.4% in the 1st quarter. Bank of New York Mellon Corp now owns 88,010 shares of the financial services provider’s stock worth $5,761,000 after acquiring an additional 3,674 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of FBL Financial Group by 2.8% in the 1st quarter. Geode Capital Management LLC now owns 76,239 shares of the financial services provider’s stock worth $4,989,000 after acquiring an additional 2,100 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of FBL Financial Group by 162.9% in the 1st quarter. Renaissance Technologies LLC now owns 71,500 shares of the financial services provider’s stock worth $4,680,000 after acquiring an additional 44,300 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of FBL Financial Group by 37.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 47,962 shares of the financial services provider’s stock worth $3,139,000 after acquiring an additional 12,959 shares in the last quarter. Institutional investors own 28.58% of the company’s stock.

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In related news, Director Scott Vanderwal sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $70.46, for a total value of $140,920.00. Following the completion of the sale, the director now directly owns 4,000 shares of the company’s stock, valued at $281,840. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Shares of FBL Financial Group, Inc. (NYSE FFG) opened at 78.55 on Friday. The firm’s 50-day moving average is $73.05 and its 200-day moving average is $67.47. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 17.04 and a beta of 0.89. FBL Financial Group, Inc. has a 1-year low of $59.75 and a 1-year high of $82.60.

FBL Financial Group (NYSE:FFG) last released its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.19. FBL Financial Group had a net margin of 15.70% and a return on equity of 9.12%. The company had revenue of $189.00 million during the quarter, compared to analyst estimates of $181.63 million. During the same period in the prior year, the firm earned $1.02 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Analysts forecast that FBL Financial Group, Inc. will post $4.45 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Thursday, September 14th. FBL Financial Group’s dividend payout ratio (DPR) is presently 38.18%.

Several brokerages recently issued reports on FFG. Zacks Investment Research lowered shares of FBL Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. BidaskClub upgraded shares of FBL Financial Group from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. ValuEngine upgraded shares of FBL Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, September 13th. Finally, Raymond James Financial, Inc. upgraded shares of FBL Financial Group from an “underperform” rating to a “market perform” rating in a research note on Wednesday, August 9th.

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

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