FBL Financial Group (NYSE:FFG) Stock Price Crosses Above 50-Day Moving Average of $61.07

FBL Financial Group (NYSE:FFG)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $61.07 and traded as high as $63.19. FBL Financial Group shares last traded at $63.14, with a volume of 82 shares trading hands.

Several research firms have commented on FFG. Zacks Investment Research downgraded Forward Air from a “hold” rating to a “sell” rating in a research report on Monday, June 17th. TheStreet downgraded USD Partners from a “b-” rating to a “c+” rating in a research report on Friday, May 10th. Finally, ValuEngine downgraded Xylem from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th.

The company has a debt-to-equity ratio of 0.08, a current ratio of 0.03 and a quick ratio of 0.03. The stock has a market cap of $1.57 billion, a PE ratio of 14.44 and a beta of 0.70. The stock’s 50-day moving average price is $61.11.

FBL Financial Group (NYSE:FFG) last posted its earnings results on Thursday, May 2nd. The financial services provider reported $1.04 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.11). The firm had revenue of $203.56 million during the quarter. FBL Financial Group had a net margin of 14.03% and a return on equity of 9.00%. On average, equities research analysts expect that FBL Financial Group will post 4.8 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.48 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.92 annualized dividend and a dividend yield of 3.05%. FBL Financial Group’s payout ratio is 44.04%.

Hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC acquired a new stake in shares of FBL Financial Group in the first quarter valued at about $129,000. BNP Paribas Arbitrage SA increased its stake in shares of FBL Financial Group by 172.9% in the first quarter. BNP Paribas Arbitrage SA now owns 2,290 shares of the financial services provider’s stock valued at $144,000 after buying an additional 1,451 shares during the period. SG Americas Securities LLC acquired a new stake in shares of FBL Financial Group in the first quarter valued at about $155,000. Metropolitan Life Insurance Co. NY increased its stake in shares of FBL Financial Group by 363.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,158 shares of the financial services provider’s stock valued at $207,000 after buying an additional 2,476 shares during the period. Finally, Citigroup Inc. increased its stake in shares of FBL Financial Group by 14.6% in the fourth quarter. Citigroup Inc. now owns 3,570 shares of the financial services provider’s stock valued at $234,000 after buying an additional 455 shares during the period. 28.67% of the stock is owned by institutional investors.

FBL Financial Group Company Profile (NYSE:FFG)

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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