FBL Financial Group, Inc. (NYSE:FFG) has been assigned a consensus broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating.
Zacks has also given FBL Financial Group an industry rank of 114 out of 265 based on the ratings given to related companies.
Several brokerages have commented on FFG. Zacks Investment Research downgraded shares of FBL Financial Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. ValuEngine upgraded shares of FBL Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, September 13th. BidaskClub upgraded shares of FBL Financial Group from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Raymond James Financial, Inc. upgraded shares of FBL Financial Group from an “underperform” rating to a “market perform” rating in a report on Wednesday, August 9th.
In other news, Director Scott Vanderwal sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $70.46, for a total transaction of $140,920.00. Following the completion of the transaction, the director now directly owns 4,000 shares in the company, valued at $281,840. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of FFG. Victory Capital Management Inc. grew its stake in shares of FBL Financial Group by 9.4% in the third quarter. Victory Capital Management Inc. now owns 677,344 shares of the financial services provider’s stock worth $50,462,000 after purchasing an additional 58,034 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of FBL Financial Group by 6.2% in the first quarter. Vanguard Group Inc. now owns 859,699 shares of the financial services provider’s stock worth $56,268,000 after purchasing an additional 50,460 shares during the last quarter. Shell Asset Management Co. bought a new stake in shares of FBL Financial Group in the third quarter worth $2,064,000. Renaissance Technologies LLC grew its stake in shares of FBL Financial Group by 162.9% in the first quarter. Renaissance Technologies LLC now owns 71,500 shares of the financial services provider’s stock worth $4,680,000 after purchasing an additional 44,300 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of FBL Financial Group by 55.1% in the second quarter. Goldman Sachs Group Inc. now owns 74,402 shares of the financial services provider’s stock worth $4,576,000 after purchasing an additional 26,440 shares during the last quarter. 28.77% of the stock is currently owned by institutional investors.
FBL Financial Group (NYSE:FFG) last announced its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $1.03 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.09). FBL Financial Group had a net margin of 15.30% and a return on equity of 9.06%. The firm had revenue of $181.56 million for the quarter, compared to analyst estimates of $184.51 million. During the same quarter in the prior year, the firm earned $1.20 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis.
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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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