Shares of the company are trading at $78.50 a tad above $73.33, the 50 day moving average and much higher than the 200 day moving average of $67.61. The 50 day moving average was up $5.17 or +7.05% and the 200 day average went up $10.89 or +16.11%. 514 shares changed hands on Tuesday. Volume was down 99.18% under the stocks average daily volume.
Short traders are more bullish on shares of the company lately looking at the motion in short interest. The firm recorded a fall in short interest of -32.13% as of the latest report on September 29, 2017. Short shares decreased from 82,902 to 56,268 over that timeframe. With short interest at 56,268 and short average daily volume at 34,679, days to cover is 2.0 and the percentage of shorted shares was 0.00% on September 29.
Here is a rundown on some insider market activity for FBL Financial Group, Inc. (NYSE:FFG). Scott Vanderwal, Director disclosed the sale of 2,000 shares of FFG stock. The shares were sold on August 8th for an average price of $70.46. Vanderwal now owns $140,920 of the stock according to the SEC filing.
These funds have shifted positions in (FFG). As of the end of the quarter Two Sigma Advisers, Lp had bought 100 shares growing its position 1.0%. The value of the investment in (FFG) went from $668,000 to $634,000 a change of 5.1% for the reporting period. As of quarter end Ubs Group Ag had acquired a total of 130 shares growing its stake by 31.0%. The value of the total investment in FBL Financial Group, Inc. increased from $27,000 to $34,000 increasing 25.9% since the last quarter.
As of quarter end Eqis Capital Management, Inc. had sold 490 shares trimming its holdings by 11.9%. The value of the company’s investment in FBL Financial Group, Inc. went from $253,000 to $271,000 a change of $18,000 quarter over quarter. As of the end of the quarter Denali Advisors LLC had acquired a total of 11 shares growing its position 73.3%. The value in dollars went from $1,000 to $2,000 a change of $1,000 quarter to quarter.
The company is now down by 0.06%% since yesterday’s close of 78.55. The company also recently declared a dividend which was paid on Friday the 29th of September 2017. The dividend was $0.440 per share for the quarter or $1.76 annualized. This dividend amount was represent a yield of $2.24. The ex-dividend date was set for Thursday the 14th of September 2017.
FBL Financial Group, Inc. currently has a P/E ratio of 17.03 and the market cap is 1.96B. In the latest earnings report the EPS was $4.61 and is projected to be $4.45 for the current year with 24,929,000 shares now outstanding. Next quarter’s EPS is forecasted to be $1.04 with next year’s EPS projected to be $4.35.
FBL Financial Group, Inc., launched on October 13, 1993, sells individual life insurance and annuity products principally under the consumer brand name of Farm Bureau Financial Services. The Business’s segments include Annuity segment, which sells a range of annuity products; Life Insurance segment, which sells a range of life insurance products, and Corporate and Other segment, which provides various support operations, corporate capital and other product lines. In addition, it offers life and annuity products through its subsidiary, Greenfields Life Insurance Company (Greenfields Life). It sells its products in the Midwestern and Western sections of the United States. Its other subsidiaries support various functional areas and affiliates by providing investment advisory, and marketing and distribution services. In addition, the Company managed all aspects of two Farm Bureau affiliated property-casualty insurance companies, which operated in eight states in the Midwest and West, as of December 31, 2016..