FBL Financial Group (NYSE:FFG) Stock Rating Lowered by Zacks Investment Research

FBL Financial Group (NYSE:FFG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday, Zacks.com reports.

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 research analysts have also recently commented on the stock. ValuEngine cut shares of FBL Financial Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 28th. Raymond James cut shares of FBL Financial Group from a “market perform” rating to an “underperform” rating in a report on Tuesday, August 6th. Finally, TheStreet cut shares of FBL Financial Group from a “b” rating to a “c+” rating in a report on Monday, August 5th.



Shares of FFG stock traded up $0.65 on Wednesday, reaching $59.59. The company had a trading volume of 15,542 shares, compared to its average volume of 23,352. The stock has a market capitalization of $1.48 billion, a PE ratio of 13.67 and a beta of 0.70. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.07. FBL Financial Group has a one year low of $52.91 and a one year high of $80.05. The business’s 50-day moving average is $56.98 and its 200 day moving average is $61.71.

FBL Financial Group (NYSE:FFG) last posted its earnings results on Thursday, August 1st. The financial services provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.03. The firm had revenue of $192.91 million during the quarter. FBL Financial Group had a net margin of 13.96% and a return on equity of 8.62%. On average, sell-side analysts forecast that FBL Financial Group will post 4.8 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of Montreal Can raised its holdings in FBL Financial Group by 140.1% in the 2nd quarter. Bank of Montreal Can now owns 1,402 shares of the financial services provider’s stock valued at $89,000 after buying an additional 818 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in FBL Financial Group in the 2nd quarter valued at approximately $127,000. BNP Paribas Arbitrage SA raised its holdings in FBL Financial Group by 172.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,290 shares of the financial services provider’s stock valued at $144,000 after buying an additional 1,451 shares during the last quarter. SG Americas Securities LLC bought a new position in FBL Financial Group in the 1st quarter valued at approximately $155,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in FBL Financial Group in the 2nd quarter valued at approximately $207,000. Institutional investors and hedge funds own 29.12% of the company’s stock.

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.

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