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FBL Financial’s stock attracting investors’ attention

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The stock price of West Des Moines-based FBL Financial Group Inc. (FFG) has marked time for the past two weeks, but remains near the peak of a sharp ascent on the New York Stock Exchange.

The stock closed at $16.68 on Aug. 20. It closed at $10.30 as recently as Aug. 6, then soared to $16.37 the next day. Its lowest closing price for the year so far was $1.81 on March 5.

FBL Financial Group reported a net income of $24.5 million for the second quarter, compared with a loss of $16.6 million in the same period a year ago and a loss of $1.5 million in the first three months of this year.