Exclusive: FBL Financial Group’s Stock Is Buy After Achieving 52-Week High

Exclusive: FBL Financial Group's Stock Is Buy After Achieving 52 Week High

The stock of FBL Financial Group (NYSE:FFG) hit a new 52-week high and has $106.92 target or 51.00% above today’s $70.81 share price. The 9 months bullish chart indicates low risk for the $1.74 billion company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $106.92 price target is reached, the company will be worth $887.40 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 46,981 shares traded hands or 62.72% up from the average. FBL Financial Group (NYSE:FFG) has risen 17.44% since April 7, 2016 and is uptrending. It has outperformed by 12.66% the S&P500.

According to Zacks Investment Research, “FBL FINANCIAL GROUP, INC. is a holding company and hrough its subsidiaries underwrites, markets and distributes life insurance, annuities, property-casualty insurance and mutual funds to individuals and small businesses in 15 midwestern and western states. The Company has exclusive marketing arrangements with the state Farm Bureau Federations in its territory and targets sales to approximately 700,000 Farm Bureau member families and other rural, small town andsuburban residents through an exclusive agency force. The Company offers a full range of life insurance products.”

Insitutional Activity: The institutional sentiment increased to 1.17 in Q2 2016. Its up 0.21, from 0.96 in 2016Q1. The ratio improved, as 6 funds sold all FBL Financial Group shares owned while 30 reduced positions. 6 funds bought stakes while 36 increased positions. They now own 6.83 million shares or 1.48% less from 6.93 million shares in 2016Q1.
The Georgia-based Invesco has invested 0% in FBL Financial Group (NYSE:FFG). Alliancebernstein Limited Partnership holds 14,560 shares or 0% of its portfolio. Mackenzie Corporation accumulated 0% or 5,463 shares. Swiss National Bank reported 18,400 shares or 0% of all its holdings. State Board Of Administration Of Florida Retirement Sys owns 5,621 shares or 0% of their US portfolio. The Georgia-based Voya Mgmt Ltd Limited Liability Company has invested 0% in FBL Financial Group (NYSE:FFG). Moreover, Royal Retail Bank Of Canada has 0% invested in FBL Financial Group (NYSE:FFG) for 36 shares. New York State Common Retirement Fund owns 10,000 shares or 0% of their US portfolio. Amer Interest Group Incorporated last reported 5,662 shares in the company. Seizert Capital Prns Limited Com last reported 28,372 shares in the company. Renaissance Techs Ltd holds 29,700 shares or 0% of its portfolio. Deutsche State Bank Ag owns 41,594 shares or 0% of their US portfolio. Great West Life Assurance Can last reported 0% of its portfolio in the stock. Ubs Asset Mgmt Americas Inc accumulated 0% or 4,401 shares. Qs Limited Liability Corp owns 1,454 shares or 0% of their US portfolio.

Insider Transactions: Since May 13, 2016, the stock had 0 insider buys, and 1 insider sale for $129,740 net activity. VanderWal Scott had sold 2,000 shares worth $129,740 on Friday, September 9. Happel Charles also sold $128,060 worth of FBL Financial Group (NYSE:FFG) on Friday, May 13.

More notable recent FBL Financial Group (NYSE:FFG) news were published by: Businesswire.com which released: “FBL Financial Group Reports Third Quarter 2016 Results” on November 03, 2016, also Blogs.Wsj.com with their article: “FBL Financial Group Names Casey Decker CIO” published on June 30, 2016, Businesswire.com published: “FBL Financial Group Schedules Third Quarter 2016 Earnings Release Date …” on October 04, 2016. More interesting news about FBL Financial Group (NYSE:FFG) were released by: Reuters.com and their article: “BRIEF-FBL Financial Group Q3 earnings per share $1.20” published on November 03, 2016 as well as Businesswire.com‘s news article titled: “FBL Financial Group Reports Second Quarter 2016 Results” with publication date: August 04, 2016.

FFG Company Profile

FBL Financial Group, Inc., incorporated on October 13, 1993, sells individual life insurance and annuity products principally under the consumer brand name of Farm Bureau Financial Services. This brand is represented by the distribution channel of its subsidiary, Farm Bureau Life Insurance Company (Farm Bureau Life). The Company’s Farm Bureau Life distribution channel consists of approximately 1,850 exclusive agents and agency managers, who sell its products in the Midwestern and Western sections of the United States. The Company’s divisions include Annuity Segment, which sells a variety of traditional annuity products; Life Insurance Segment, which sells a variety of traditional and universal life insurance products, and Corporate and Other segment, which provides various support operations, corporate capital and other product lines. In addition, in the state of Colorado, the Company offers life and annuity products through Greenfields Life Insurance Company (Greenfields Life). The Company’s other subsidiaries support various functional areas and affiliates by providing investment advisory and marketing and distribution services. In addition, the Company manages all aspects of two Farm Bureau affiliated property-casualty insurance companies, Farm Bureau Property & Casualty Insurance Company and Western Agricultural Insurance Company, which operate in over eight states in the Midwest and West.

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