FBL Financial Group, Inc. (FFG) Stake Raised by Wells Fargo & Company MN

Wells Fargo & Company MN increased its position in shares of FBL Financial Group, Inc. (NYSE:FFG) by 17.7% during the third quarter, HoldingsChannel.com reports. The fund owned 46,715 shares of the financial services provider’s stock after acquiring an additional 7,023 shares during the quarter. Wells Fargo & Company MN’s holdings in FBL Financial Group were worth $3,481,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of FBL Financial Group by 9.6% during the third quarter. JPMorgan Chase & Co. now owns 11,942 shares of the financial services provider’s stock valued at $895,000 after acquiring an additional 1,045 shares during the period. Ameriprise Financial Inc. raised 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. SG Americas Securities LLC acquired a new stake in shares of FBL Financial Group during the third quarter valued at approximately $110,000. Russell Investments Group Ltd. raised its holdings in shares of FBL Financial Group by 37.1% during the third quarter. Russell Investments Group Ltd. now owns 9,407 shares of the financial services provider’s stock valued at $702,000 after acquiring an additional 2,544 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of FBL Financial Group by 12.6% during the third quarter. Rhumbline Advisers now owns 22,229 shares of the financial services provider’s stock valued at $1,656,000 after acquiring an additional 2,490 shares during the period. Institutional investors and hedge funds own 27.75% of the company’s stock.

A number of research analysts recently commented on FFG shares. ValuEngine raised shares of FBL Financial Group from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of FBL Financial Group from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research report on Tuesday, September 12th.

FBL Financial Group, Inc. (FFG) opened at $70.10 on Wednesday. FBL Financial Group, Inc. has a 1 year low of $59.75 and a 1 year high of $79.70. The company has a market cap of $1,750.00, a P/E ratio of 15.61 and a beta of 0.90. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.08.

FBL Financial Group (NYSE:FFG) last announced its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $1.03 EPS for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.09). FBL Financial Group had a net margin of 15.30% and a return on equity of 8.93%. The company had revenue of $181.56 million for the quarter, compared to analysts’ expectations of $184.51 million. During the same period in the previous year, the firm posted $1.20 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. equities analysts anticipate that FBL Financial Group, Inc. will post 4.35 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Thursday, December 14th. FBL Financial Group’s payout ratio is presently 39.20%.

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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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Institutional Ownership by Quarter for FBL Financial Group (NYSE:FFG)

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