FBL Financial Group (NYSE:FFG) Short Interest Update

FBL Financial Group (NYSE:FFG) saw a significant increase in short interest in June. As of June 30th, there was short interest totalling 83,500 shares, an increase of 30.5% from the May 30th total of 64,000 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily volume of 20,800 shares, the days-to-cover ratio is currently 4.0 days.

Institutional investors and hedge funds have recently modified their holdings of the company. Citigroup Inc. lifted its stake in shares of FBL Financial Group by 14.6% during the fourth quarter. Citigroup Inc. now owns 3,570 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 455 shares during the period. Geode Capital Management LLC increased its holdings in FBL Financial Group by 10.6% in the fourth quarter. Geode Capital Management LLC now owns 113,693 shares of the financial services provider’s stock valued at $7,463,000 after purchasing an additional 10,895 shares during the last quarter. American Century Companies Inc. increased its holdings in FBL Financial Group by 216.2% in the fourth quarter. American Century Companies Inc. now owns 16,892 shares of the financial services provider’s stock valued at $1,109,000 after purchasing an additional 11,550 shares during the last quarter. Norges Bank bought a new stake in FBL Financial Group in the fourth quarter valued at about $11,284,000. Finally, Victory Capital Management Inc. increased its holdings in FBL Financial Group by 8.9% in the first quarter. Victory Capital Management Inc. now owns 741,976 shares of the financial services provider’s stock valued at $46,537,000 after purchasing an additional 60,395 shares during the last quarter. 28.94% of the stock is currently owned by institutional investors and hedge funds.

Shares of FFG traded down $0.06 during trading hours on Friday, hitting $63.55. 20,178 shares of the stock traded hands, compared to its average volume of 21,481. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.08. FBL Financial Group has a 1-year low of $59.61 and a 1-year high of $85.70. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 14.58 and a beta of 0.70. The firm has a fifty day simple moving average of $61.08.

FBL Financial Group (NYSE:FFG) last issued its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.04 earnings per share (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 firm had revenue of $203.56 million for the quarter. As a group, equities research analysts expect that FBL Financial Group will post 4.8 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend was Thursday, June 13th. FBL Financial Group’s dividend payout ratio (DPR) is presently 44.04%.

Several brokerages have recently issued reports on FFG. TheStreet lowered USD Partners from a “b-” rating to a “c+” rating in a research note on Friday, May 10th. Zacks Investment Research lowered Forward Air from a “hold” rating to a “sell” rating in a research note on Monday, June 17th. Finally, ValuEngine lowered Xylem from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th.

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.

See Also: Earnings Per Share (EPS) Explained

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