Deutsche Bank AG decreased its holdings in FBL Financial Group (NYSE:FFG) by 34.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,386 shares of the financial services provider’s stock after selling 7,054 shares during the quarter. Deutsche Bank AG’s holdings in FBL Financial Group were worth $877,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in FFG. Quantamental Technologies LLC acquired a new position in shares of FBL Financial Group in the 4th quarter valued at $26,000. Metropolitan Life Insurance Co. NY raised its stake in shares of FBL Financial Group by 363.0% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,158 shares of the financial services provider’s stock valued at $207,000 after buying an additional 2,476 shares in the last quarter. First Quadrant L P CA acquired a new position in shares of FBL Financial Group in the 4th quarter valued at $232,000. Citigroup Inc. raised its stake in shares of FBL Financial Group by 14.6% in the 4th quarter. Citigroup Inc. now owns 3,570 shares of the financial services provider’s stock valued at $234,000 after buying an additional 455 shares in the last quarter. Finally, Cigna Investments Inc. New acquired a new position in shares of FBL Financial Group in the 4th quarter valued at $239,000. Institutional investors own 30.03% of the company’s stock.
FFG opened at $64.97 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.03 and a current ratio of 0.03. FBL Financial Group has a twelve month low of $59.61 and a twelve month high of $85.70. The stock has a market capitalization of $1.60 billion, a PE ratio of 14.90 and a beta of 0.74.
FBL Financial Group (NYSE:FFG) last posted its earnings results on Thursday, May 2nd. The financial services provider reported $1.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.11). FBL Financial Group had a return on equity of 9.00% and a net margin of 14.03%. The firm had revenue of $203.56 million during the quarter.
A number of brokerages have recently issued reports on FFG. ValuEngine upgraded shares of FBL Financial Group from a “sell” rating to a “hold” rating in a research note on Tuesday. TheStreet upgraded shares of FBL Financial Group from a “c+” rating to a “b” rating in a research note on Friday, May 10th.
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FBL Financial Group Profile
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.
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