Principal Financial Group CFO Terrance J. Lillis Sells 33,765 Shares (PFG)
Principal Financial Group (NYSE:PFG) CFO Terrance J. Lillis unloaded 33,765 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $54.34, for a total transaction of $1,834,790.10. Following the completion of the sale, the chief financial officer now directly owns 63,278 shares in the company, valued at approximately $3,438,527. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
PFG has been the subject of a number of recent research reports. Analysts at Barclays initiated coverage on shares of Principal Financial Group in a research note on Thursday, August 28th. They set an “equal weight” rating on the stock. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $52.55.
Principal Financial Group (NYSE:PFG) traded down 0.18% on Thursday, hitting $54.18. 1,066,313 shares of the company’s stock traded hands. Principal Financial Group has a 1-year low of $41.20 and a 1-year high of $55.07. The stock’s 50-day moving average is $51.78 and its 200-day moving average is $48.29. The company has a market cap of $15.924 billion and a P/E ratio of 15.17.
Principal Financial Group (NYSE:PFG) last announced its earnings results on Thursday, July 24th. The company reported $1.08 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.97 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. On average, analysts predict that Principal Financial Group will post $4.26 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Investors of record on Monday, September 8th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Thursday, September 4th. This is an increase 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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