ValuEngine cut shares of FBL Financial Group, Inc. (NYSE:FFG) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

Separately, Zacks Investment Research cut FBL Financial Group from a buy rating to a hold rating in a report on Tuesday, October 10th.

FBL Financial Group (NYSE FFG) opened at $74.40 on Tuesday. The company has a market capitalization of $1,776.48, a price-to-earnings ratio of 16.34 and a beta of 0.92. FBL Financial Group has a 12-month low of $59.75 and a 12-month high of $82.60. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.03 and a quick ratio of 0.03.

FBL Financial Group (NYSE:FFG) last issued its earnings results on Thursday, November 2nd. The financial services provider reported $1.03 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.09). The firm had revenue of $181.56 million during the quarter, compared to the consensus estimate of $184.51 million. FBL Financial Group had a return on equity of 8.93% and a net margin of 15.30%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the business earned $1.20 earnings per share. analysts predict that FBL Financial Group will post 4.35 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.37%. FBL Financial Group’s payout ratio is presently 39.20%.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of FBL Financial Group by 1.9% during the second quarter. Vanguard Group Inc. now owns 875,833 shares of the financial services provider’s stock valued at $53,863,000 after acquiring an additional 16,134 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of FBL Financial Group by 9.4% during the third quarter. Victory Capital Management Inc. now owns 677,344 shares of the financial services provider’s stock valued at $50,462,000 after acquiring an additional 58,034 shares during the period. Northern Trust Corp lifted its holdings in shares of FBL Financial Group by 3.1% during the second quarter. Northern Trust Corp now owns 309,442 shares of the financial services provider’s stock valued at $19,030,000 after acquiring an additional 9,175 shares during the period. State Street Corp lifted its holdings in shares of FBL Financial Group by 7.9% during the second quarter. State Street Corp now owns 200,717 shares of the financial services provider’s stock valued at $12,343,000 after acquiring an additional 14,722 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of FBL Financial Group by 0.7% during the third quarter. Ameriprise Financial Inc. now owns 132,285 shares of the financial services provider’s stock valued at $9,855,000 after acquiring an additional 900 shares during the period. 29.07% of the stock is owned by institutional investors.

FBL Financial Group Company 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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