Price Don’t Lie: FBL Financial Group Just Reaches Record High?

Price Don't Lie: FBL Financial Group Just Reaches Record High?

The stock of FBL Financial Group (NYSE:FFG) reached all time high today, Nov, 14 and still has $121.16 target or 59.00% above today’s $76.20 share price. This indicates more upside for the $2.00 billion company. This technical setup was reported by Barchart.com. If the $121.16 PT is reached, the company will be worth $1.18B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 23,638 shares traded hands. FBL Financial Group (NYSE:FFG) has risen 28.88% since April 12, 2016 and is uptrending. It has outperformed by 23.90% 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.
Panagora Asset Management reported 181 shares or 0% of all its holdings. Qs Invsts Ltd Liability Com last reported 0% of its portfolio in the stock. Parametric Portfolio Associates Limited Liability Com holds 49,086 shares or 0% of its portfolio. Shell Asset Mngmt holds 0.05% of its portfolio in FBL Financial Group (NYSE:FFG) for 38,807 shares. Renaissance Techs Ltd Llc last reported 0% of its portfolio in the stock. Moreover, Great West Life Assurance Can has 0% invested in FBL Financial Group (NYSE:FFG) for 2,000 shares. Invesco reported 57,982 shares or 0% of all its holdings. Royal State Bank Of Canada holds 0% or 36 shares in its portfolio. Moreover, Keeley Asset has 0.11% invested in FBL Financial Group (NYSE:FFG) for 43,949 shares. Aperio Group Limited Liability Corporation accumulated 17,784 shares or 0.01% of the stock. Tower Rech Limited Liability (Trc), a New York-based fund reported 445 shares. The New York-based Ny State Common Retirement Fund has invested 0% in FBL Financial Group (NYSE:FFG). Blackrock Institutional Communications Na has invested 0% of its portfolio in FBL Financial Group (NYSE:FFG). Metropolitan Life Insur Co has 7,087 shares for 0% of their US portfolio. Moreover, Rhumbline Advisers has 0% invested in FBL Financial Group (NYSE:FFG) for 13,390 shares.

Insider Transactions: Since September 9, 2016, the stock had 0 insider buys, and 1 sale for $129,740 net activity. $129,740 worth of shares were sold by VanderWal Scott on Friday, September 9.

More notable recent FBL Financial Group (NYSE:FFG) news were published by: Blogs.Wsj.com which released: “FBL Financial Group Names Casey Decker CIO” on June 30, 2016, also Businesswire.com with their article: “FBL Financial Group Reports Third Quarter 2016 Results” published on November 03, 2016, Businesswire.com published: “FBL Financial Group Reports Second Quarter 2016 Results” on August 04, 2016. More interesting news about FBL Financial Group (NYSE:FFG) were released by: Businesswire.com and their article: “FBL Financial Group Schedules Third Quarter 2016 Earnings Release Date …” published on October 04, 2016 as well as Marketwatch.com‘s news article titled: “FBL Financial Group Inc.” with publication date: June 28, 2009.

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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