First Trust Advisors LP cut its stake in shares of FBL Financial Group (NYSE:FFG) by 4.7% in the 4th quarter, Holdings Channel reports. The firm owned 21,476 shares of the financial services provider’s stock after selling 1,048 shares during the period. First Trust Advisors LP’s holdings in FBL Financial Group were worth $1,410,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its stake in shares of FBL Financial Group by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 101,236 shares of the financial services provider’s stock valued at $7,972,000 after buying an additional 1,914 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of FBL Financial Group by 16.3% in the third quarter. Russell Investments Group Ltd. now owns 15,219 shares of the financial services provider’s stock valued at $1,145,000 after buying an additional 2,135 shares during the period. BlackRock Inc. lifted its stake in shares of FBL Financial Group by 1.4% in the third quarter. BlackRock Inc. now owns 675,983 shares of the financial services provider’s stock valued at $50,867,000 after buying an additional 9,644 shares during the period. Laurion Capital Management LP bought a new stake in shares of FBL Financial Group in the third quarter valued at about $5,388,000. Finally, MetLife Investment Advisors LLC lifted its stake in shares of FBL Financial Group by 51.7% in the third quarter. MetLife Investment Advisors LLC now owns 7,266 shares of the financial services provider’s stock valued at $547,000 after buying an additional 2,476 shares during the period. Institutional investors and hedge funds own 29.41% of the company’s stock.
FFG has been the subject of several research reports. TheStreet cut shares of FBL Financial Group from a “b” rating to a “c+” rating in a research note on Friday, February 8th. Zacks Investment Research cut shares of FBL Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, January 7th.
NYSE FFG opened at $63.78 on Friday. 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 has a twelve month low of $63.08 and a twelve month high of $85.70. The stock has a market capitalization of $1.61 billion, a P/E ratio of 14.63 and a beta of 0.77.
FBL Financial Group (NYSE:FFG) last released its earnings results on Thursday, February 7th. The financial services provider reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.17). FBL Financial Group had a net margin of 13.00% and a return on equity of 9.14%. The company had revenue of $158.64 million during the quarter, compared to the consensus estimate of $190.76 million. As a group, sell-side analysts anticipate that FBL Financial Group will post 4.9 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.48 per share. This is a boost from FBL Financial Group’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.92 dividend on an annualized basis and a yield of 3.01%. FBL Financial Group’s dividend payout ratio (DPR) is currently 44.04%.
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FBL Financial Group Profile
FBL Financial Group, Inc, through its subsidiaries, sells individual life insurance and annuity products. The Annuity segment sells various traditional annuity products that primarily consist of fixed rate and indexed annuities, and supplementary contracts. The Life Insurance segment offers whole life, term life, and universal life policies.
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