Principal Financial Group Inc Declares Quarterly Dividend of $0.32 (PFG)
Principal Financial Group (NYSE:PFG) announced a quarterly dividend on Thursday, April 24th, Analyst Ratings Network reports. Shareholders of record on Monday, June 9th will be paid a dividend of 0.32 per share on Friday, June 27th. This represents a $1.28 annualized dividend and a dividend yield of 2.86%.
A number of research firms have recently commented on PFG. Analysts at Raymond James upgraded shares of Principal Financial Group from a “market perform” rating to an “outperform” rating in a research note on Monday, April 14th. They now have a $51.00 price target on the stock. On a related note, analysts at Evercore Partners upgraded shares of Principal Financial Group from an “underweight” rating to an “equal weight” rating in a research note on Friday, April 11th. They now have a $50.00 price target on the stock, up previously from $47.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Principal Financial Group in a research note on Thursday, April 10th. They now have a $48.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $47.47.
Principal Financial Group (NYSE:PFG) traded down 0.82% during mid-day trading on Thursday, hitting $44.79. 1,464,804 shares of the company’s stock traded hands. Principal Financial Group has a 52-week low of $35.39 and a 52-week high of $50.97. The stock’s 50-day moving average is $45.88 and its 200-day moving average is $46.61. The company has a market cap of $13.236 billion and a price-to-earnings ratio of 15.31.
Principal Financial Group (NYSE:PFG) last released its earnings data on Thursday, April 24th. The company reported $1.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.92 by $0.14. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 11.7% on a year-over-year basis. Analysts expect that Principal Financial Group will post $3.87 EPS for the current fiscal year.
Principal Financial Group, Inc (NYSE:PFG) is a provider of retirement savings, investment and insurance products and services.
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