FBL Financial Group (NYSE:FFG) announced a quarterly dividend on Friday, May 19th. Shareholders of record on Thursday, June 15th will be given a dividend of 0.44 per share by the financial services provider on Friday, June 30th. This represents a $1.76 annualized dividend and a yield of 2.86%. The ex-dividend date is Tuesday, June 13th.
FBL Financial Group has raised its dividend by an average of 47.8% per year over the last three years and has increased its dividend every year for the last 4 years. FBL Financial Group has a dividend payout ratio of 41.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect FBL Financial Group to earn $4.30 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 40.9%.
FBL Financial Group (NYSE:FFG) traded up 0.49% during mid-day trading on Friday, reaching $61.75. The company’s stock had a trading volume of 40,265 shares. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 14.39 and a beta of 1.03. The firm has a 50 day moving average price of $65.37 and a 200 day moving average price of $70.40. FBL Financial Group has a 52-week low of $56.41 and a 52-week high of $82.60.
FBL Financial Group (NYSE:FFG) last announced its earnings results on Thursday, May 4th. The financial services provider reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.04. FBL Financial Group had a return on equity of 8.50% and a net margin of 14.76%. The firm had revenue of $181.92 million for the quarter, compared to the consensus estimate of $179.83 million. During the same quarter in the previous year, the business earned $1.05 EPS. The company’s revenue was up 1.3% compared to the same quarter last year. Equities research analysts anticipate that FBL Financial Group will post $4.25 earnings per share for the current year.
Large investors have recently bought and sold shares of the company. California Public Employees Retirement System boosted its stake in FBL Financial Group by 12.2% in the first quarter. California Public Employees Retirement System now owns 13,800 shares of the financial services provider’s stock worth $903,000 after buying an additional 1,500 shares during the period. Teachers Advisors LLC boosted its stake in FBL Financial Group by 3.2% in the first quarter. Teachers Advisors LLC now owns 22,527 shares of the financial services provider’s stock worth $1,474,000 after buying an additional 693 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in FBL Financial Group by 4.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 46,887 shares of the financial services provider’s stock worth $3,069,000 after buying an additional 2,211 shares during the period. Finally, Geode Capital Management LLC boosted its stake in FBL Financial Group by 2.8% in the first quarter. Geode Capital Management LLC now owns 76,239 shares of the financial services provider’s stock worth $4,989,000 after buying an additional 2,100 shares during the period. 27.20% of the stock is currently owned by institutional investors.
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A number of brokerages have recently weighed in on FFG. Zacks Investment Research upgraded FBL Financial Group from a “sell” rating to a “hold” rating in a research note on Friday, March 31st. Raymond James Financial, Inc. downgraded FBL Financial Group from a “mkt perform” rating to an “underperform” rating in a research note on Friday, January 20th.
About FBL Financial Group
FBL Financial Group, Inc sells individual life insurance and annuity products under the brand name of Farm Bureau Financial Services. The Company’s segments are Annuity Segment, which sells a variety of traditional annuity products; Life Insurance Segment, which sells a range of traditional and universal life insurance products, and Corporate and Other segment, which provides various support operations, corporate capital and other product lines.
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