IndexIQ Advisors LLC lowered its holdings in shares of FBL Financial Group (NYSE:FFG) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,309 shares of the financial services provider’s stock after selling 2,470 shares during the quarter. IndexIQ Advisors LLC owned 0.12% of FBL Financial Group worth $1,990,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quantamental Technologies LLC acquired a new stake in shares of FBL Financial Group during the fourth quarter worth about $26,000. O Shaughnessy Asset Management LLC raised its position in shares of FBL Financial Group by 29.7% during the third quarter. O Shaughnessy Asset Management LLC now owns 3,376 shares of the financial services provider’s stock worth $254,000 after purchasing an additional 773 shares during the period. First Quadrant L P CA acquired a new stake in shares of FBL Financial Group during the fourth quarter worth about $232,000. MetLife Investment Advisors LLC raised its position in shares of FBL Financial Group by 51.7% during the third quarter. MetLife Investment Advisors LLC now owns 7,266 shares of the financial services provider’s stock worth $547,000 after purchasing an additional 2,476 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of FBL Financial Group by 16.3% during the third quarter. Russell Investments Group Ltd. now owns 15,219 shares of the financial services provider’s stock worth $1,145,000 after purchasing an additional 2,135 shares during the period. 29.96% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research lowered FBL Financial Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th.
NYSE FFG opened at $68.41 on Monday. The stock has a market cap of $1.70 billion, a PE ratio of 15.69 and a beta of 0.81. 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 has a one year low of $63.66 and a one year high of $85.70.
FBL Financial Group (NYSE:FFG) last announced its earnings results on Thursday, February 7th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.17). FBL Financial Group had a net margin of 13.00% and a return on equity of 9.06%. The firm had revenue of $158.64 million during the quarter, compared to analyst estimates of $190.76 million. Research analysts anticipate that FBL Financial Group will post 4.95 earnings per share for the current fiscal year.
FBL Financial Group Company 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.
Read More: Bear Market – How and Why They Occur
Want to see what other hedge funds are holding FFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FBL Financial Group (NYSE:FFG).
Receive News & Ratings for FBL Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FBL Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.