Principal Financial Group Sets New 12-Month High at $52.57 (PFG)
Principal Financial Group (NYSE:PFG) reached a new 52-week high on Tuesday , American Banking and Market News reports. The stock traded as high as $52.57 and last traded at $52.42, with a volume of 428,195 shares trading hands. The stock had previously closed at $52.00.
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 on Tuesday, July 29th. They now have a $57.00 price target on the stock, up previously from $56.00. Separately, analysts at Credit Suisse set a $54.00 price target on shares of Principal Financial Group in a research note on Friday, July 25th. They now have a “neutral” rating on the stock. Finally, analysts at Sterne Agee reiterated a “neutral” rating on shares of Principal Financial Group in a research note on Thursday, July 17th. They now have a $56.00 price target on the stock, up previously from $55.00. Two investment 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. Principal Financial Group currently has a consensus rating of “Hold” and an average target price of $52.50.
The stock’s 50-day moving average is $51.03 and its 200-day moving average is $47.43. The company has a market cap of $15.354 billion and a price-to-earnings ratio of 14.53.
Principal Financial Group (NYSE:PFG) last released its earnings data on Thursday, July 24th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.08. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the previous year, the company posted $0.97 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. Analysts expect that Principal Financial Group will post $4.26 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Shareholders of record on Monday, September 8th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, September 4th. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.32.
Principal Financial Group, Inc (NYSE:PFG) is a provider of retirement savings, investment and insurance products and services.
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