FBL Financial Group (NYSE:FFG) Short Interest Up 12.1% in June

FBL Financial Group (NYSE:FFG) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 64,000 shares, a growth of 12.1% from the May 15th total of 57,100 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 23,100 shares, the short-interest ratio is presently 2.8 days.

Shares of FFG traded down $0.60 during midday trading on Friday, hitting $63.86. 7,682 shares of the company traded hands, compared to its average volume of 21,007. The firm has a 50 day simple moving average of $60.93. FBL Financial Group has a 52 week low of $59.61 and a 52 week high of $85.70. The stock has a market cap of $1.59 billion, a PE ratio of 14.65 and a beta of 0.70. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.03 and a current ratio of 0.03.

FBL Financial Group (NYSE:FFG) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.04 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.11). FBL Financial Group had a net margin of 14.03% and a return on equity of 9.00%. The company had revenue of $203.56 million for the quarter. On average, equities analysts anticipate that FBL Financial Group will post 4.8 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend was Thursday, June 13th. FBL Financial Group’s dividend payout ratio (DPR) is presently 44.04%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of FBL Financial Group during the 4th quarter valued at about $11,284,000. Victory Capital Management Inc. raised its position in shares of FBL Financial Group by 8.9% during the 1st quarter. Victory Capital Management Inc. now owns 741,976 shares of the financial services provider’s stock valued at $46,537,000 after buying an additional 60,395 shares in the last quarter. Royce & Associates LP raised its position in shares of FBL Financial Group by 7,084.1% during the 1st quarter. Royce & Associates LP now owns 39,800 shares of the financial services provider’s stock valued at $2,496,000 after buying an additional 39,246 shares in the last quarter. BlackRock Inc. raised its position in shares of FBL Financial Group by 2.6% during the 4th quarter. BlackRock Inc. now owns 693,682 shares of the financial services provider’s stock valued at $45,541,000 after buying an additional 17,699 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of FBL Financial Group by 216.2% during the 4th quarter. American Century Companies Inc. now owns 16,892 shares of the financial services provider’s stock valued at $1,109,000 after buying an additional 11,550 shares in the last quarter. 28.96% of the stock is owned by institutional investors and hedge funds.

FFG has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Forward Air from a “hold” rating to a “sell” rating in a report on Monday, June 17th. ValuEngine downgraded shares of Xylem from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. Finally, TheStreet downgraded shares of USD Partners from a “b-” rating to a “c+” rating in a report on Friday, May 10th.

About FBL Financial Group

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.

Further Reading: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

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.