Zacks Investment Research upgraded shares of FBL Financial Group (NYSE:FFG) from a sell rating to a hold rating in a report published on Tuesday.

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. “

Separately, ValuEngine lowered FBL Financial Group from a buy rating to a hold rating in a research report on Wednesday, August 8th.

FFG stock traded up $0.01 on Tuesday, reaching $71.36. The company’s stock had a trading volume of 14,389 shares, compared to its average volume of 18,170. FBL Financial Group has a 12-month low of $64.00 and a 12-month high of $85.70. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 15.17 and a beta of 0.91. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.08.

FBL Financial Group (NYSE:FFG) last announced its quarterly earnings results on Thursday, November 1st. The financial services provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. FBL Financial Group had a return on equity of 9.24% and a net margin of 26.31%. The company had revenue of $188.11 million during the quarter, compared to analyst estimates of $185.05 million. Equities research analysts anticipate that FBL Financial Group will post 4.87 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its position in FBL Financial Group by 2.3% during the second quarter. BlackRock Inc. now owns 666,339 shares of the financial services provider’s stock valued at $52,475,000 after buying an additional 14,763 shares during the period. Zebra Capital Management LLC purchased a new position in FBL Financial Group during the second quarter valued at $527,000. Dalton Greiner Hartman Maher & Co. purchased a new position in FBL Financial Group during the second quarter valued at $10,375,000. HGK Asset Management Inc. lifted its position in FBL Financial Group by 19.4% during the second quarter. HGK Asset Management Inc. now owns 5,356 shares of the financial services provider’s stock valued at $422,000 after buying an additional 870 shares during the period. Finally, Wells Fargo & Company MN lifted its position in FBL Financial Group by 46.0% during the second quarter. Wells Fargo & Company MN now owns 93,748 shares of the financial services provider’s stock valued at $7,382,000 after buying an additional 29,523 shares during the period. 28.43% of the stock is owned by institutional investors and hedge funds.

About FBL Financial Group

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.

See Also: Diversification Important in Investing

Get a free copy of the Zacks research report on FBL Financial Group (FFG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for FBL Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FBL Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.