Zacks Investment Research Downgrades FBL Financial Group, Inc. (FFG) to Sell

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

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 brokerages have also recently weighed in on FFG. Raymond James Financial, Inc. raised shares of FBL Financial Group from an underperform rating to a market perform rating in a research report on Wednesday, August 9th. BidaskClub raised shares of FBL Financial Group from a sell rating to a hold rating in a research report on Tuesday, July 11th. Finally, ValuEngine raised shares of FBL Financial Group from a hold rating to a buy rating in a research report on Wednesday, September 13th.

FBL Financial Group (NYSE FFG) opened at $71.85 on Tuesday. The firm has a market cap of $1,805.15, a price-to-earnings ratio of 16.61 and a beta of 0.92. FBL Financial Group has a 52-week low of $59.75 and a 52-week 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 announced its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 8.93% and a net margin of 15.30%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.20 earnings per share. research analysts anticipate that FBL Financial Group will post 4.38 EPS for the current year.

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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in FBL Financial Group by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 875,833 shares of the financial services provider’s stock valued at $53,863,000 after acquiring an additional 16,134 shares in the last quarter. Victory Capital Management Inc. increased its stake in FBL Financial Group by 9.4% in the 3rd quarter. Victory Capital Management Inc. now owns 677,344 shares of the financial services provider’s stock valued at $50,462,000 after buying an additional 58,034 shares during the last quarter. Northern Trust Corp increased its stake in FBL Financial Group by 3.1% in the 2nd quarter. Northern Trust Corp now owns 309,442 shares of the financial services provider’s stock valued at $19,030,000 after buying an additional 9,175 shares during the last quarter. State Street Corp increased its stake in FBL Financial Group by 7.9% in the 2nd quarter. State Street Corp now owns 200,717 shares of the financial services provider’s stock valued at $12,343,000 after buying an additional 14,722 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in FBL Financial Group by 0.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 132,285 shares of the financial services provider’s stock valued at $9,855,000 after buying an additional 900 shares during the last quarter. 29.01% of the stock is currently owned by institutional investors and hedge funds.

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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