FBL Financial Group (NYSE:FFG) announced a quarterly dividend on Thursday, August 22nd, Zacks reports. Stockholders of record on Monday, September 16th will be paid a dividend of 0.48 per share by the financial services provider on Monday, September 30th. This represents a $1.92 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Friday, September 13th.
FBL Financial Group has increased its dividend payment by an average of 15.3% annually over the last three years and has increased its dividend annually for the last 6 consecutive years. FBL Financial Group has a dividend payout ratio of 39.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect FBL Financial Group to earn $4.90 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 39.2%.
Shares of FFG opened at $58.07 on Wednesday. FBL Financial Group has a 52 week low of $52.91 and a 52 week high of $83.35. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 13.32 and a beta of 0.69. The stock has a 50 day moving average of $57.62 and a 200-day moving average of $62.35.
FBL Financial Group (NYSE:FFG) last released its earnings results on Thursday, August 1st. The financial services provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.03. The firm had revenue of $192.91 million during the quarter. FBL Financial Group had a net margin of 13.96% and a return on equity of 8.62%. On average, sell-side analysts predict that FBL Financial Group will post 4.8 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on FFG shares. ValuEngine downgraded shares of FBL Financial Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 28th. TheStreet lowered shares of FBL Financial Group from a “b” rating to a “c+” rating in a research note on Monday, August 5th. Zacks Investment Research cut shares of FBL Financial Group from a “hold” rating to a “sell” rating in a report on Monday. Finally, Raymond James downgraded FBL Financial Group from a “market perform” rating to an “underperform” rating in a research note on Tuesday, August 6th.
FBL Financial Group Company Profile
FBL Financial Group, Inc, through its subsidiaries, sells individual life insurance and annuity products. The Annuity segment sells various traditional annuity products that primarily consist of fixed rate and indexed annuities, and supplementary contracts. The Life Insurance segment offers whole life, term life, and universal life policies.
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