Legal & General Group Plc lifted its position in shares of FBL Financial Group (NYSE:FFG) by 5.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,732 shares of the financial services provider’s stock after purchasing an additional 201 shares during the quarter. Legal & General Group Plc’s holdings in FBL Financial Group were worth $245,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Quantamental Technologies LLC bought a new position in FBL Financial Group in the 4th quarter valued at $26,000. Citigroup Inc. raised its position in 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 purchasing an additional 455 shares during the last quarter. Teachers Advisors LLC raised its position in FBL Financial Group by 4.1% in the 3rd quarter. Teachers Advisors LLC now owns 20,562 shares of the financial services provider’s stock valued at $1,547,000 after purchasing an additional 804 shares during the last quarter. Thrivent Financial for Lutherans raised its position in FBL Financial Group by 3.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 39,266 shares of the financial services provider’s stock valued at $2,578,000 after purchasing an additional 1,385 shares during the last quarter. Finally, Bank of America Corp DE raised its position in FBL Financial Group by 14.5% in the 4th quarter. Bank of America Corp DE now owns 11,277 shares of the financial services provider’s stock valued at $740,000 after purchasing an additional 1,432 shares during the last quarter. 30.03% of the stock is currently owned by institutional investors.
Shares of FFG stock traded down $0.28 on Wednesday, reaching $66.05. 13,596 shares of the stock were exchanged, compared to its average volume of 23,551. The company has a market cap of $1.64 billion, a P/E ratio of 15.15 and a beta of 0.74. FBL Financial Group has a one year low of $59.61 and a one year high of $85.70. 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 data on Thursday, May 2nd. The financial services provider reported $1.04 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $203.56 million for the quarter. As a group, equities research analysts anticipate that FBL Financial Group will post 4.8 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.91%. FBL Financial Group’s dividend payout ratio (DPR) is presently 44.04%.
FFG has been the subject of a number of recent research reports. TheStreet downgraded FBL Financial Group from a “b” rating to a “c+” rating in a research report on Friday, February 8th. Zacks Investment Research upgraded FBL Financial Group from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. Finally, ValuEngine upgraded FBL Financial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 14th.
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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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