Credit Suisse AG reduced its stake in shares of FBL Financial Group, Inc. (NYSE:FFG) by 33.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,080 shares of the financial services provider’s stock after selling 4,071 shares during the period. Credit Suisse AG’s holdings in FBL Financial Group were worth $528,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. raised its position in FBL Financial Group by 4.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 46,887 shares of the financial services provider’s stock valued at $3,069,000 after buying an additional 2,211 shares in the last quarter. Renaissance Technologies LLC raised its position in FBL Financial Group by 162.9% in the first quarter. Renaissance Technologies LLC now owns 71,500 shares of the financial services provider’s stock valued at $4,680,000 after buying an additional 44,300 shares in the last quarter. Citadel Advisors LLC bought a new position in FBL Financial Group during the first quarter valued at $526,000. Geode Capital Management LLC raised its position in FBL Financial Group by 2.8% in the first quarter. Geode Capital Management LLC now owns 76,239 shares of the financial services provider’s stock valued at $4,989,000 after buying an additional 2,100 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in FBL Financial Group by 6.2% in the first quarter. Vanguard Group Inc. now owns 859,699 shares of the financial services provider’s stock valued at $56,268,000 after buying an additional 50,460 shares in the last quarter. Hedge funds and other institutional investors own 28.58% of the company’s stock.

Shares of FBL Financial Group, Inc. (NYSE:FFG) traded up 0.81% on Thursday, hitting $68.40. 9,377 shares of the stock traded hands. The firm’s 50 day moving average is $68.31 and its 200 day moving average is $66.07. FBL Financial Group, Inc. has a 52 week low of $59.75 and a 52 week high of $82.60. The firm has a market capitalization of $1.71 billion, a PE ratio of 14.84 and a beta of 0.88.

FBL Financial Group (NYSE:FFG) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.19. FBL Financial Group had a return on equity of 9.12% and a net margin of 15.70%. The company had revenue of $189 million for the quarter, compared to analysts’ expectations of $181.63 million. During the same period last year, the business earned $1.02 EPS. FBL Financial Group’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, analysts expect that FBL Financial Group, Inc. will post $4.45 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Thursday, September 14th. FBL Financial Group’s payout ratio is currently 38.18%.

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Several research firms have weighed in on FFG. Zacks Investment Research upgraded shares of FBL Financial Group from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research note on Thursday, August 24th. Raymond James Financial, Inc. upgraded shares of FBL Financial Group from an “underperform” rating to a “market perform” rating in a research note on Wednesday, August 9th. Finally, BidaskClub upgraded shares of FBL Financial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th.

In related news, Director Scott Vanderwal sold 2,000 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $70.46, for a total value of $140,920.00. Following the completion of the sale, the director now directly owns 4,000 shares of the company’s stock, valued at approximately $281,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.60% of the company’s stock.

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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Institutional Ownership by Quarter for FBL Financial Group (NYSE:FFG)

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