Principal Financial Group Sets New 1-Year High at $52.17 (PFG)
Principal Financial Group (NYSE:PFG)’s share price hit a new 52-week high on Monday , AnalystRatingsNetwork.com reports. The stock traded as high as $52.17 and last traded at $51.80, with a volume of 510,047 shares changing hands. The stock had previously closed at $51.45.
A number of analysts have recently weighed in on PFG shares. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Principal Financial Group in a research note on Wednesday, July 9th. They now have a $54.00 price target on the stock, up previously from $52.00. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Principal Financial Group from $55.00 to $58.00 in a research note on Wednesday, July 9th. Finally, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Principal Financial Group in a research note on Tuesday, July 1st. They now have a $48.00 price target on the stock, up previously from $44.00. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $51.15.
The stock’s 50-day moving average is $49.37 and its 200-day moving average is $46.82. The company has a market cap of $15.194 billion and a price-to-earnings ratio of 15.64.
Principal Financial Group (NYSE:PFG) last posted its quarterly earnings results 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. On average, analysts predict that Principal Financial Group will post $4.12 earnings per share for the current fiscal year.
In other Principal Financial Group news, Insider James P. Mccaughan sold 18,568 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $50.79, for a total transaction of $943,068.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Principal Financial Group, Inc (NYSE:PFG) is a provider of retirement savings, investment and insurance products and services.
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