FBL Financial Group (NYSE:FFG) Lowered to “Sell” at Zacks Investment Research

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 Wednesday, 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. “

A number of other equities research analysts also recently issued reports on FFG. ValuEngine raised FBL Financial Group from a sell rating to a hold rating in a research report on Wednesday, October 2nd. Raymond James raised FBL Financial Group from an underperform rating to a market perform rating in a research report on Monday, November 4th. Finally, TheStreet downgraded FBL Financial Group from a b rating to a c+ rating in a research report on Monday, August 5th.

Shares of FBL Financial Group stock traded down $0.34 on Wednesday, hitting $58.95. The stock had a trading volume of 9,061 shares, compared to its average volume of 22,475. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 13.52 and a beta of 0.67. FBL Financial Group has a twelve month low of $52.91 and a twelve month high of $72.21. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $57.79 and its two-hundred day moving average is $59.98.

FBL Financial Group (NYSE:FFG) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.24 by ($0.22). The company had revenue of $184.66 million for the quarter, compared to analyst estimates of $188.96 million. FBL Financial Group had a return on equity of 7.61% and a net margin of 13.23%. As a group, equities analysts predict that FBL Financial Group will post 4.58 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of FFG. BlackRock Inc. grew its position in FBL Financial Group by 8.4% during the second quarter. BlackRock Inc. now owns 733,760 shares of the financial services provider’s stock worth $46,811,000 after buying an additional 56,606 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of FBL Financial Group in the 2nd quarter valued at $2,499,000. Renaissance Technologies LLC boosted its holdings in shares of FBL Financial Group by 86.7% in the 2nd quarter. Renaissance Technologies LLC now owns 70,400 shares of the financial services provider’s stock valued at $4,492,000 after purchasing an additional 32,700 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of FBL Financial Group by 31.7% in the 2nd quarter. Wells Fargo & Company MN now owns 129,192 shares of the financial services provider’s stock valued at $8,243,000 after purchasing an additional 31,068 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. boosted its holdings in shares of FBL Financial Group by 8.6% in the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 200,924 shares of the financial services provider’s stock valued at $12,819,000 after purchasing an additional 15,872 shares in the last quarter. 29.10% of the stock is currently owned by institutional investors and hedge funds.

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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