Brandywine Global Investment Management LLC trimmed its stake in FBL Financial Group, Inc. (NYSE:FFG) by 3.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,021 shares of the financial services provider’s stock after selling 2,072 shares during the quarter. Brandywine Global Investment Management LLC owned 0.23% of FBL Financial Group worth $3,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of FFG. Bank of New York Mellon Corp increased its holdings in FBL Financial Group by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 88,010 shares of the financial services provider’s stock worth $5,761,000 after buying an additional 3,674 shares during the last quarter. Swiss National Bank increased its holdings in FBL Financial Group by 3.4% in the first quarter. Swiss National Bank now owns 18,400 shares of the financial services provider’s stock worth $1,204,000 after buying an additional 600 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in FBL Financial Group by 37.0% in the first quarter. Goldman Sachs Group Inc. now owns 47,962 shares of the financial services provider’s stock worth $3,139,000 after buying an additional 12,959 shares during the last quarter. Victory Capital Management Inc. increased its holdings in FBL Financial Group by 2.9% in the second quarter. Victory Capital Management Inc. now owns 619,310 shares of the financial services provider’s stock worth $38,087,000 after buying an additional 17,295 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in FBL Financial Group by 33.4% in the first quarter. First Trust Advisors LP now owns 17,714 shares of the financial services provider’s stock worth $1,159,000 after buying an additional 4,432 shares during the last quarter. 28.58% of the stock is owned by institutional investors and hedge funds.

In related news, Director Scott Vanderwal sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $70.46, for a total transaction of $140,920.00. Following the transaction, 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 can be accessed through this hyperlink. 0.60% of the stock is currently owned by insiders.

FBL Financial Group, Inc. (FFG) opened at 76.40 on Friday. The firm’s 50-day moving average price is $70.51 and its 200 day moving average price is $66.52. The firm has a market cap of $1.90 billion, a P/E ratio of 16.57 and a beta of 0.89. FBL Financial Group, Inc. has a one year low of $59.75 and a one year high of $82.60.

FBL Financial Group (NYSE:FFG) last posted its earnings results on Thursday, August 3rd. The financial services provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.19. The business had revenue of $189.00 million for the quarter, compared to analyst estimates of $181.63 million. FBL Financial Group had a return on equity of 9.12% and a net margin of 15.70%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.02 EPS. On average, equities research analysts forecast that FBL Financial Group, Inc. will post $4.45 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date was Thursday, September 14th. FBL Financial Group’s payout ratio is presently 38.18%.

A number of equities analysts recently commented on the company. Raymond James Financial, Inc. upgraded FBL Financial Group from an “underperform” rating to a “market perform” rating in a report on Wednesday, August 9th. BidaskClub upgraded FBL Financial Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Finally, Zacks Investment Research downgraded FBL Financial Group from a “buy” rating to a “hold” rating in a report on Monday, August 14th.

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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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