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

FBL Financial Group (NYSE:FFG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday, 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 brokerages have also commented on FFG. Raymond James lowered shares of FBL Financial Group from a “market perform” rating to an “underperform” rating in a research report on Tuesday, August 6th. ValuEngine raised shares of FBL Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, TheStreet downgraded shares of FBL Financial Group from a “b” rating to a “c+” rating in a report on Monday, August 5th.

Shares of FBL Financial Group stock traded up $0.24 during midday trading on Thursday, hitting $55.66. The company had a trading volume of 21,000 shares, compared to its average volume of 23,124. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 12.77 and a beta of 0.68. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.07. The company has a fifty day simple moving average of $62.19 and a 200 day simple moving average of $64.15. FBL Financial Group has a 12-month low of $54.61 and a 12-month high of $83.55.

FBL Financial Group (NYSE:FFG) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.03. The firm had revenue of $192.91 million during the quarter. FBL Financial Group had a net margin of 13.96% and a return on equity of 8.62%. As a group, analysts expect that FBL Financial Group will post 4.8 EPS for the current year.

A number of large investors have recently modified their holdings of FFG. Bank of Montreal Can increased its holdings in shares of FBL Financial Group by 140.1% in the second quarter. Bank of Montreal Can now owns 1,402 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 818 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in FBL Financial Group in the 2nd quarter valued at $127,000. Nisa Investment Advisors LLC purchased a new position in FBL Financial Group in the 1st quarter valued at $129,000. BNP Paribas Arbitrage SA lifted its holdings in FBL Financial Group by 172.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,290 shares of the financial services provider’s stock valued at $144,000 after purchasing an additional 1,451 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in FBL Financial Group in the 1st quarter valued at $155,000. Institutional investors own 28.72% of the company’s stock.

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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