FY2018 EPS Estimates for FBL Financial Group, Inc. (FFG) Lifted by Analyst
FBL Financial Group, Inc. (NYSE:FFG) – Equities researchers at Langen Mcalenn upped their FY2018 earnings per share estimates for shares of FBL Financial Group in a research report issued to clients and investors on Tuesday. Langen Mcalenn analyst R. Glasspiegel now anticipates that the financial services provider will post earnings per share of $5.25 for the year, up from their previous estimate of $4.55.
Several other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of FBL Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. ValuEngine upgraded shares of FBL Financial Group from a “hold” rating to a “buy” rating in a research report on Friday, December 1st.
FBL Financial Group (NYSE:FFG) last issued its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $1.03 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.09). The firm had revenue of $181.56 million for the quarter, compared to the consensus estimate of $184.51 million. FBL Financial Group had a net margin of 15.30% and a return on equity of 8.93%. During the same period last year, the company posted $1.20 earnings per share. The business’s revenue was up .2% on a year-over-year basis.
Several hedge funds and other institutional investors have recently made changes to their positions in FFG. SG Americas Securities LLC purchased a new position in shares of FBL Financial Group during the third quarter valued at about $110,000. BNP Paribas Arbitrage SA increased its position in shares of FBL Financial Group by 134.7% during the second quarter. BNP Paribas Arbitrage SA now owns 2,068 shares of the financial services provider’s stock valued at $127,000 after buying an additional 1,187 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in shares of FBL Financial Group during the third quarter valued at about $149,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of FBL Financial Group during the second quarter valued at about $200,000. Finally, Legal & General Group Plc increased its position in shares of FBL Financial Group by 34.5% during the second quarter. Legal & General Group Plc now owns 4,417 shares of the financial services provider’s stock valued at $272,000 after buying an additional 1,134 shares during the period. Institutional investors own 27.75% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.39%. The ex-dividend date was Thursday, December 14th. FBL Financial Group’s dividend payout ratio is currently 39.20%.
About FBL Financial Group
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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