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Principal Financial Group (NYSE:PFG) EVP Karen E. Shaff sold 54,430 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $53.09, for a total value of $2,889,688.70. Following the transaction, the executive vice president now directly owns 72,759 shares of the company’s stock, valued at approximately $3,862,775. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of Principal Financial Group (NYSE:PFG) traded down 1.03% on Friday, hitting $52.92. 1,297,557 shares of the company’s stock traded hands. Principal Financial Group has a 1-year low of $40.29 and a 1-year high of $53.52. The stock has a 50-day moving average of $51.24 and a 200-day moving average of $47.68. The company has a market cap of $15.554 billion and a P/E ratio of 14.94.

Principal Financial Group (NYSE:PFG) last released its earnings data on Thursday, July 24th. The company reported $1.08 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.97 earnings per share. Principal Financial Group’s revenue was up 10.0% compared to the same quarter last year. 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. Stockholders 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 2.57%. The ex-dividend date of this dividend is Thursday, September 4th. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.32.

Several analysts have recently commented on the stock. 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 analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $52.50.

Principal Financial Group, Inc (NYSE:PFG) is a provider of retirement savings, investment and insurance products and services.

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