Here is What Hedge Funds Think About FBL Financial Group (FFG)

Page 1 of 2

Is FBL Financial Group (NYSE:FFG) an attractive investment right now? Money managers are becoming hopeful. The number of long hedge fund bets moved up by 2 recently.

According to most market participants, hedge funds are viewed as slow, old financial vehicles of the past. While there are over 8000 funds trading today, we at Insider Monkey look at the top tier of this group, close to 450 funds. It is widely believed that this group has its hands on the lion’s share of all hedge funds’ total asset base, and by monitoring their highest performing picks, we have uncovered a number of investment strategies that have historically outstripped the S&P 500 index. Our small-cap hedge fund strategy outstripped the S&P 500 index by 18 percentage points per annum for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have outpaced the S&P 500 index by 23.3 percentage points in 8 months (see the details here).

Just as integral, positive insider trading activity is a second way to parse down the stock market universe. Obviously, there are lots of reasons for an insider to drop shares of his or her company, but just one, very obvious reason why they would buy. Various empirical studies have demonstrated the impressive potential of this tactic if “monkeys” know what to do (learn more here).

Keeping this in mind, we’re going to take a look at the recent action surrounding FBL Financial Group (NYSE:FFG).

What does the smart money think about FBL Financial Group (NYSE:FFG)?

At the end of the first quarter, a total of 7 of the hedge funds we track were bullish in this stock, a change of 40% from the previous quarter. With hedge funds’ positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were upping their holdings substantially.

FBL Financial Group (FFG)Of the funds we track, John Overdeck and David Siegel’s Two Sigma Advisors had the most valuable position in FBL Financial Group (NYSE:FFG), worth close to $1.8 million, comprising less than 0.1%% of its total 13F portfolio. The second largest stake is held by D E Shaw, managed by D. E. Shaw, which held a $0.9 million position; less than 0.1%% of its 13F portfolio is allocated to the stock. Remaining peers with similar optimism include Cliff Asness’s AQR Capital Management, Ken Griffin’s Citadel Investment Group and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.

With a general bullishness amongst the heavyweights, specific money managers were breaking ground themselves. Arrowstreet Capital, managed by Peter Rathjens Bruce Clarke and John Campbell, established the most outsized position in FBL Financial Group (NYSE:FFG). Arrowstreet Capital had 0.3 million invested in the company at the end of the quarter. Gregory Fraser Rudolph Kluiber and Timothy Krochuk’s GRT Capital Partners also initiated a $0.3 million position during the quarter.

How are insiders trading FBL Financial Group (NYSE:FFG)?

Insider trading activity, especially when it’s bullish, is particularly usable when the company in question has seen transactions within the past six months. Over the latest six-month time period, FBL Financial Group (NYSE:FFG) has seen zero unique insiders purchasing, and 9 insider sales (see the details of insider trades here).

Let’s also examine hedge fund and insider activity in other stocks similar to FBL Financial Group (NYSE:FFG). These stocks are Hilltop Holdings Inc. (NYSE:HTH), Greenlight Capital Re, Ltd. (NASDAQ:GLRE), Tower Group International Ltd (NASDAQ:TWGP), Argo Group International Holdings, Ltd. (NASDAQ:AGII), and MGIC Investment Corp. (NYSE:MTG). This group of stocks belong to the property & casualty insurance industry and their market caps match FFG’s market cap.

Page 1 of 2

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!