FBL Financial Group Inc. Plans Quarterly Dividend of $0.42 (FFG)
FBL Financial Group Inc. (NYSE:FFG) declared a quarterly dividend on Thursday, November 17th. Investors of record on Thursday, December 15th will be paid a dividend of 0.42 per share on Friday, December 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Tuesday, December 13th.
FBL Financial Group (NYSE:FFG) opened at 75.50 on Friday. The firm has a market cap of $1.88 billion, a P/E ratio of 17.00 and a beta of 0.94. The company’s 50 day moving average is $65.56 and its 200-day moving average is $63.04. FBL Financial Group has a 52 week low of $55.18 and a 52 week high of $79.10.
In other FBL Financial Group news, Director Scott Vanderwal sold 2,000 shares of the stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $64.87, for a total transaction of $129,740.00. Following the transaction, the director now owns 4,000 shares of the company’s stock, valued at $259,480. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.63% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in FBL Financial Group by 2.5% in the second quarter. Vanguard Group Inc. now owns 762,399 shares of the company’s stock worth $46,255,000 after buying an additional 18,717 shares in the last quarter. BlackRock Advisors LLC increased its position in FBL Financial Group by 6.2% in the second quarter. BlackRock Advisors LLC now owns 4,807 shares of the company’s stock worth $292,000 after buying an additional 279 shares in the last quarter. BlackRock Investment Management LLC increased its position in shares of FBL Financial Group by 12.7% in the second quarter. BlackRock Investment Management LLC now owns 41,716 shares of the company’s stock worth $2,531,000 after buying an additional 4,690 shares in the last quarter. BlackRock Inc. increased its position in shares of FBL Financial Group by 264.0% in the second quarter. BlackRock Inc. now owns 3,225 shares of the company’s stock worth $195,000 after buying an additional 2,339 shares in the last quarter. Finally, BlackRock Fund Advisors increased its position in shares of FBL Financial Group by 3.8% in the second quarter. BlackRock Fund Advisors now owns 239,682 shares of the company’s stock worth $14,542,000 after buying an additional 8,792 shares in the last quarter. 27.48% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research raised shares of FBL Financial Group from a “sell” rating to a “hold” rating in a research note on Monday, August 8th.
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, which is represented by the distribution channel of its subsidiary, Farm Bureau Life Insurance Company (Farm Bureau Life). The Company’s segments are Annuity Segment, which sells a variety of traditional annuity products; Life Insurance Segment, which sells a variety 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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