Zacks Investment Research Lowers FBL Financial Group (NYSE:FFG) to Sell

Zacks Investment Research lowered shares of FBL Financial Group (NYSE:FFG) from a hold rating to a sell rating in a research report sent to investors on Tuesday, Zacks.com reports.

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. “

Several other equities analysts have also commented on FFG. ValuEngine lowered FBL Financial Group from a hold rating to a sell rating in a report on Thursday, April 2nd. Sidoti assumed coverage on FBL Financial Group in a report on Monday, March 16th. They set a buy rating on the stock. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $42.00.

NYSE:FFG opened at $34.64 on Tuesday. The firm has a market capitalization of $853.56 million, a PE ratio of 9.60 and a beta of 0.27. The business’s fifty day moving average price is $35.76 and its 200 day moving average price is $44.46. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.03 and a quick ratio of 0.03. FBL Financial Group has a 12 month low of $29.01 and a 12 month high of $65.94.

FBL Financial Group (NYSE:FFG) last posted its earnings results on Thursday, May 7th. The financial services provider reported $0.79 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.06). The business had revenue of $135.26 million during the quarter, compared to analysts’ expectations of $186.07 million. FBL Financial Group had a net margin of 12.69% and a return on equity of 7.79%. As a group, equities analysts anticipate that FBL Financial Group will post 4.3 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $0.50 per share. This is a positive change from FBL Financial Group’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, June 12th. This represents a $2.00 annualized dividend and a dividend yield of 5.77%. FBL Financial Group’s dividend payout ratio (DPR) is presently 42.11%.

In other FBL Financial Group news, CAO Anthony James Aldridge sold 695 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $36.04, for a total transaction of $25,047.80. Following the transaction, the chief accounting officer now owns 845 shares of the company’s stock, valued at $30,453.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.30% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Swiss National Bank grew its holdings in shares of FBL Financial Group by 1.4% during the first quarter. Swiss National Bank now owns 21,500 shares of the financial services provider’s stock worth $1,003,000 after buying an additional 300 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of FBL Financial Group by 28.2% during the fourth quarter. Bank of Montreal Can now owns 1,684 shares of the financial services provider’s stock worth $99,000 after buying an additional 370 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of FBL Financial Group by 13.3% during the first quarter. BNP Paribas Arbitrage SA now owns 3,213 shares of the financial services provider’s stock worth $150,000 after buying an additional 377 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of FBL Financial Group by 34.2% during the first quarter. SG Americas Securities LLC now owns 3,684 shares of the financial services provider’s stock worth $172,000 after buying an additional 939 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in shares of FBL Financial Group by 2.6% during the first quarter. Nuveen Asset Management LLC now owns 39,223 shares of the financial services provider’s stock worth $1,831,000 after buying an additional 987 shares during the last quarter. 28.94% of the stock is currently owned by hedge funds and other institutional investors.

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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