FBL Financial Group, Inc. (NYSE:FFG) – Analysts at Langen Mcalenn decreased their Q3 2017 earnings per share (EPS) estimates for FBL Financial Group in a research note issued on Thursday. Langen Mcalenn analyst R. Glasspiegel now forecasts that the financial services provider will earn $1.09 per share for the quarter, down from their prior estimate of $1.10. Langen Mcalenn also issued estimates for FBL Financial Group’s Q4 2017 earnings at $1.14 EPS.
FBL Financial Group (NYSE:FFG) last posted its earnings results on Thursday, August 3rd. The financial services provider reported $1.23 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.19. The business had revenue of $189 million during 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 company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.02 EPS.
FFG has been the topic of a number of other reports. Zacks Investment Research raised FBL Financial Group from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research report on Wednesday, June 7th. BidaskClub raised FBL Financial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th.
Shares of FBL Financial Group (NYSE:FFG) opened at 74.00 on Monday. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 17.25 and a beta of 0.88. FBL Financial Group has a 12-month low of $59.75 and a 12-month high of $82.60. The firm has a 50 day moving average price of $64.73 and a 200-day moving average price of $66.04.
Several institutional investors have recently modified their holdings of FFG. Bank of New York Mellon Corp increased its position in shares of 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. Norges Bank purchased a new position in FBL Financial Group during the fourth quarter valued at about $16,812,000. Swiss National Bank increased its position 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 valued at $1,204,000 after buying an additional 600 shares during the last quarter. Victory Capital Management Inc. increased its position in FBL Financial Group by 40.2% in the first quarter. Victory Capital Management Inc. now owns 602,015 shares of the financial services provider’s stock valued at $39,401,000 after buying an additional 172,702 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in FBL Financial Group by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 21,834 shares of the financial services provider’s stock valued at $1,706,000 after buying an additional 586 shares during the last quarter. 29.37% of the stock is currently owned by institutional investors and hedge funds.
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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