Shares of Principal Financial Group Inc (NYSE:PFG) have been given an average recommendation of “Hold” by the thirteen ratings firms that are presently covering the company. Three research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $57.20.

A number of analysts have recently issued reports on PFG shares. JPMorgan Chase & Co. raised their price target on shares of Principal Financial Group from $53.00 to $56.00 and gave the company an “underweight” rating in a report on Monday, April 3rd. Zacks Investment Research raised shares of Principal Financial Group from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Monday, April 10th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Principal Financial Group in a report on Thursday, April 6th. Citigroup Inc started coverage on shares of Principal Financial Group in a report on Thursday, January 26th. They set a “neutral” rating and a $60.00 price target on the stock. Finally, Deutsche Bank AG raised their price target on shares of Principal Financial Group from $60.00 to $62.00 and gave the company a “hold” rating in a report on Wednesday, April 19th.

Principal Financial Group (NYSE:PFG) traded up 0.439% on Friday, hitting $62.935. 585,387 shares of the company were exchanged. The stock has a market capitalization of $18.14 billion, a P/E ratio of 14.178 and a beta of 1.64. The company has a 50 day moving average price of $63.13 and a 200-day moving average price of $60.78. Principal Financial Group has a 52 week low of $38.04 and a 52 week high of $65.67.

Principal Financial Group (NYSE:PFG) last announced its quarterly earnings data on Thursday, April 27th. The financial services provider reported $1.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.08. Principal Financial Group had a net margin of 10.55% and a return on equity of 12.73%. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the prior year, the firm posted $0.97 EPS. On average, equities analysts expect that Principal Financial Group will post $5.05 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Monday, June 5th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Thursday, June 1st. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.45. Principal Financial Group’s dividend payout ratio is 38.22%.

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In other Principal Financial Group news, CFO Deanna D. Strable-Soethout sold 23,745 shares of the firm’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $65.00, for a total transaction of $1,543,425.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider James P. Mccaughan sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 6th. The stock was sold at an average price of $62.65, for a total transaction of $313,250.00. The disclosure for this sale can be found here. Insiders sold a total of 154,486 shares of company stock worth $9,858,543 in the last quarter. Company insiders own 1.78% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Principal Financial Group by 2,276.3% in the first quarter. BlackRock Inc. now owns 17,714,618 shares of the financial services provider’s stock worth $1,117,969,000 after buying an additional 16,969,140 shares during the last quarter. Capital Research Global Investors boosted its stake in Principal Financial Group by 31.3% in the third quarter. Capital Research Global Investors now owns 8,231,000 shares of the financial services provider’s stock worth $423,979,000 after buying an additional 1,960,000 shares during the last quarter. Janus Capital Management LLC boosted its stake in Principal Financial Group by 399.3% in the first quarter. Janus Capital Management LLC now owns 2,379,858 shares of the financial services provider’s stock worth $150,193,000 after buying an additional 1,903,190 shares during the last quarter. Vanguard Group Inc. boosted its stake in Principal Financial Group by 6.7% in the first quarter. Vanguard Group Inc. now owns 29,649,875 shares of the financial services provider’s stock worth $1,871,204,000 after buying an additional 1,862,125 shares during the last quarter. Finally, State Street Corp boosted its stake in Principal Financial Group by 14.4% in the fourth quarter. State Street Corp now owns 13,498,929 shares of the financial services provider’s stock worth $781,033,000 after buying an additional 1,698,389 shares during the last quarter. Institutional investors own 68.59% of the company’s stock.

About Principal Financial Group

Principal Financial Group, Inc is an investment management company. The Company offers a range of financial products and services, including retirement, asset management and insurance. Its segments include Retirement and Income Solutions; Principal Global Investors, Principal International; U.S. Insurance Solutions, and Corporate.

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