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Keefe, Bruyette, & Woods Reiterates Market Perform on FBL Financial Group (FFG)

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Keefe, Bruyette, & Woods is out with a research report this morning, where it reiterates its Market Perform rating on FBL Financial Group Inc. (NYSE: FFG); it has a $25.00 price target on the stock.

The KBW analysts cited that company’s recent earnings report, which was well ahead of their expectations; management reiterated its view of normalized earnings in the mid-to-high $0.70 range.

The analysts noted that the main drivers of the company’s earnings beat were: 1) wider spreads at EquiTrust due to ongoing pricing actions, and 2) lower underwriting expenses in the Variable segment, are largely sustainable.

The increased their estimates on the name and raised FFG’s price target.

FBL Financial Group, Inc. sells a variety of life insurance and annuity products, with distribution through the Farm Bureau network and independent insurance agents.

Posted-In: Keefe Bruyette & WoodsAnalyst Color Price Target Analyst Ratings

 

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