FBL Financial Group, Inc. (FFG) Shares Bought by First Trust Advisors LP
First Trust Advisors LP raised its holdings in FBL Financial Group, Inc. (NYSE:FFG) by 4.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,211 shares of the financial services provider’s stock after purchasing an additional 827 shares during the quarter. First Trust Advisors LP owned 0.07% of FBL Financial Group worth $1,357,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of FFG. Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of FBL Financial Group by 0.4% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 24,851 shares of the financial services provider’s stock valued at $1,528,000 after buying an additional 100 shares during the period. Aperio Group LLC grew its stake in FBL Financial Group by 1.7% during the 2nd quarter. Aperio Group LLC now owns 11,827 shares of the financial services provider’s stock worth $727,000 after purchasing an additional 199 shares in the last quarter. Alliancebernstein L.P. grew its stake in FBL Financial Group by 1.4% during the 2nd quarter. Alliancebernstein L.P. now owns 14,360 shares of the financial services provider’s stock worth $883,000 after purchasing an additional 200 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in FBL Financial Group by 1.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 47,390 shares of the financial services provider’s stock worth $2,915,000 after purchasing an additional 503 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in FBL Financial Group by 1.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 38,563 shares of the financial services provider’s stock worth $2,372,000 after purchasing an additional 581 shares in the last quarter. Institutional investors own 27.74% of the company’s stock.
FBL Financial Group, Inc. (NYSE FFG) opened at $74.90 on Friday. The stock has a market capitalization of $1,870.00, a PE ratio of 17.29 and a beta of 0.92. FBL Financial Group, Inc. has a 1 year low of $59.75 and a 1 year high of $82.60. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.08.
FBL Financial Group (NYSE:FFG) last released its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.09). The business had revenue of $181.56 million for the quarter, compared to analyst estimates of $184.51 million. FBL Financial Group had a return on equity of 8.93% and a net margin of 15.30%. The company’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.20 earnings per share. equities research analysts predict that FBL Financial Group, Inc. will post 4.35 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.76 annualized dividend and a dividend yield of 2.35%. FBL Financial Group’s dividend payout ratio is currently 39.20%.
Several research analysts recently commented on FFG shares. Zacks Investment Research raised FBL Financial Group from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Tuesday, August 8th. Raymond James Financial raised FBL Financial Group from an “underperform” rating to a “market perform” rating in a research note on Wednesday, August 9th. Finally, ValuEngine raised FBL Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, September 13th.
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FBL Financial Group 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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