+ Watch FFG
on My Watchlist
The Company sells individual life and annuity products principally under the consumer brand names Farm Bureau Financial Services and EquiTrust Financial Services.
Here's another insurer that took a woodshed beating early last year. Price to Book still relatively low at .8. Price to sales .62 and price to cash flow around 5. These figures indicate this is still somewhat oversold. Losses have been mitigated and operating income / net income is back in the black. Cash flow looks decent and debt to equity has improved dramatically over the past several quarters. All in all, a solid company that has proven it has made it through last year's mess and is preparing to start regorwing earnings and ROE. Same with GNW, it all depends on whether or not they can keep selling annuities and insurance products that produce a good rate of return. I know the annuities market has not returned to its former 2006-7 glory, but not sure it ever will. Annuity sales have stabilized a bunch since early 2009 and that, in my opinion, is a very good sign. Life insurance products have been going through a redesign of late with many insurers moving away from the lower yielding Term to either Whole, UL, or a blended Term / UL, which should help to improve FFG's margins.My expectation is that FFG, GNW, MET and several other insurers will continue higher on a long, and slow crawl. Those who have patience with these names should be rewarded. Although I think watching some of these tickers might be a little like watching the grass grow. Long term price target currently ~$34 a share.
Oops, didn't mean to put MET, that was a typo. I meant to say ING.
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ratings and Key Statistics provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions