FBL Financial Group, Inc. (NYSE:FFG) declared a quarterly dividend on Thursday, November 16th, Wall Street Journal reports. Shareholders of record on Friday, December 15th will be paid a dividend of 0.44 per share by the financial services provider on Friday, December 29th. This represents a $1.76 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Thursday, December 14th.
FBL Financial Group has increased its dividend by an average of 47.8% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. FBL Financial Group has a dividend payout ratio of 40.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect FBL Financial Group to earn $4.35 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 40.5%.
Shares of FBL Financial Group (FFG) traded up $1.10 during midday trading on Thursday, reaching $73.10. The company’s stock had a trading volume of 20,422 shares, compared to its average volume of 25,876. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.08. FBL Financial Group has a 1 year low of $59.75 and a 1 year high of $82.60. The stock has a market capitalization of $1,776.48, a P/E ratio of 16.34 and a beta of 0.92.
FBL Financial Group (NYSE:FFG) last issued its earnings results on Thursday, November 2nd. The financial services provider reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.09). FBL Financial Group had a net margin of 15.30% and a return on equity of 8.93%. The firm had revenue of $181.56 million during the quarter, compared to analysts’ expectations of $184.51 million. During the same quarter last year, the firm earned $1.20 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. equities research analysts forecast that FBL Financial Group will post 4.35 EPS for the current fiscal year.
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Several analysts have recently issued reports on the company. ValuEngine downgraded FBL Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research downgraded FBL Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th.
FBL Financial Group Company Profile
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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