FY2017 EPS Estimates for FBL Financial Group, Inc. Boosted by Analyst (NYSE:FFG)
FBL Financial Group, Inc. (NYSE:FFG) – Research analysts at Langen Mcalenn lifted their FY2017 earnings per share (EPS) estimates for FBL Financial Group in a report issued on Monday. Langen Mcalenn analyst R. Glasspiegel now anticipates that the financial services provider will post earnings per share of $4.55 for the year, up from their previous forecast of $4.35. Langen Mcalenn also issued estimates for FBL Financial Group’s Q4 2017 earnings at $1.15 EPS, Q1 2018 earnings at $1.10 EPS, Q2 2018 earnings at $1.14 EPS, Q3 2018 earnings at $1.15 EPS, Q4 2018 earnings at $1.17 EPS and FY2018 earnings at $4.55 EPS.
FBL Financial Group (NYSE:FFG) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $1.23 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.19. The business had revenue of $189 million for the quarter, compared to analyst estimates of $181.63 million. FBL Financial Group had a net margin of 15.70% and a return on equity of 9.12%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.02 earnings per share.
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Several other analysts also recently issued reports on FFG. Zacks Investment Research raised shares of FBL Financial Group from a “sell” rating to a “hold” rating in a research report on Monday, April 17th. BidaskClub raised shares of FBL Financial Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th.
Shares of FBL Financial Group (NYSE:FFG) opened at 74.00 on Tuesday. FBL Financial Group has a 12 month low of $59.75 and a 12 month high of $82.60. The stock has a 50 day moving average of $64.73 and a 200-day moving average of $66.04. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 17.25 and a beta of 0.88.
Hedge funds have recently bought and sold shares of the stock. State Street Corp increased its stake in FBL Financial Group by 4.9% in the fourth quarter. State Street Corp now owns 184,850 shares of the financial services provider’s stock valued at $14,445,000 after buying an additional 8,566 shares during the last quarter. Norges Bank acquired a new stake in FBL Financial Group during the fourth quarter valued at about $16,812,000. Teachers Advisors LLC increased its stake in FBL Financial Group by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 21,834 shares of the financial services provider’s stock valued at $1,706,000 after buying an additional 586 shares during the last quarter. Highbridge Capital Management LLC increased its stake in FBL Financial Group by 44.5% in the fourth quarter. Highbridge Capital Management LLC now owns 8,791 shares of the financial services provider’s stock valued at $687,000 after buying an additional 2,706 shares during the last quarter. Finally, Eqis Capital Management Inc. increased its stake in FBL Financial Group by 7.1% in the first quarter. Eqis Capital Management Inc. now owns 4,203 shares of the financial services provider’s stock valued at $275,000 after buying an additional 277 shares during the last quarter. 29.37% of the stock is owned by institutional investors and hedge funds.
FBL Financial Group Company Profile
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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