Principal Financial Group Inc. (PFG) Announces Quarterly Dividend of $0.26
Principal Financial Group (NYSE:PFG) declared a quarterly dividend on Thursday, October 24th, Analyst Ratings.Net reports. Investors of record on Monday, December 9th will be given a dividend of $0.26 per share on Friday, December 27th. This represents a $1.04 dividend on an annualized basis and a yield of 2.22%.
A number of research firms have recently commented on PFG. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Principal Financial Group in a research note to investors on Monday. They now have a $43.00 price target on the stock. On a related note, analysts at Keefe, Bruyette & Woods raised their price target on shares of Principal Financial Group from $45.00 to $49.00 in a research note to investors on Monday. They now have a “market perform” rating on the stock. Finally, analysts at Raymond James downgraded shares of Principal Financial Group from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, October 16th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Principal Financial Group presently has an average rating of “Hold” and an average target price of $40.67.
Shares of Principal Financial Group (NYSE:PFG) traded up 1.10% during mid-day trading on Thursday, hitting $46.75. The stock had a trading volume of 1,160,920 shares. Principal Financial Group has a 52 week low of $25.83 and a 52 week high of $44.94. The stock’s 50-day moving average is $42.58 and its 200-day moving average is $37.81. The company has a market cap of $13.761 billion and a P/E ratio of 17.12.
In other Principal Financial Group news, Insider Luis E. Valdes sold 11,196 shares of the company’s stock on the open market in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $45.00, for a total transaction of $503,820.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Principal Financial Group, Inc (NYSE:PFG) is a provider of retirement savings, investment and insurance products and services.
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