Vanguard Group Inc. Has $53.86 Million Holdings in FBL Financial Group, Inc. (FFG)
Vanguard Group Inc. boosted its stake in shares of FBL Financial Group, Inc. (NYSE:FFG) by 1.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 875,833 shares of the financial services provider’s stock after acquiring an additional 16,134 shares during the quarter. Vanguard Group Inc. owned about 3.51% of FBL Financial Group worth $53,863,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of FFG. BNP Paribas Arbitrage SA increased its stake in FBL Financial Group by 134.7% during the second quarter. BNP Paribas Arbitrage SA now owns 2,068 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 1,187 shares during the last quarter. Legal & General Group Plc increased its stake in FBL Financial Group by 34.5% during the second quarter. Legal & General Group Plc now owns 4,417 shares of the financial services provider’s stock worth $272,000 after acquiring an additional 1,134 shares during the last quarter. American International Group Inc. increased its stake in FBL Financial Group by 7.2% during the first quarter. American International Group Inc. now owns 6,063 shares of the financial services provider’s stock worth $397,000 after acquiring an additional 408 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in FBL Financial Group during the second quarter worth approximately $422,000. Finally, Strs Ohio increased its stake in FBL Financial Group by 5.7% during the second quarter. Strs Ohio now owns 11,100 shares of the financial services provider’s stock worth $682,000 after acquiring an additional 600 shares during the last quarter. 28.77% of the stock is currently owned by institutional investors.
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 value of $140,920.00. Following the completion of the sale, the director now owns 4,000 shares in the company, valued at $281,840. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company’s stock.
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FBL Financial Group, Inc. (NYSE FFG) opened at $72.80 on Friday. The company has a market cap of $1.93 billion, a P/E ratio of 17.75 and a beta of 0.92. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.08.
FBL Financial Group (NYSE:FFG) last released its earnings results on Thursday, November 2nd. The financial services provider reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.09). The business had revenue of $181.56 million for the quarter, compared to the consensus estimate of $184.51 million. FBL Financial Group had a net margin of 15.30% and a return on equity of 9.06%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.20 EPS. equities analysts predict that FBL Financial Group, Inc. will post 4.45 earnings per share for the current fiscal year.
FFG has been the topic of several analyst reports. Zacks Investment Research raised FBL Financial Group from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research note on Thursday, August 17th. ValuEngine raised FBL Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, September 13th.
FBL Financial Group Profile
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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