Principal Financial Group Inc (NYSE:PFG) EVP Karen E. Shaff sold 30,500 shares of Principal Financial Group stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $65.00, for a total value of $1,982,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Karen E. Shaff also recently made the following trade(s):

  • On Monday, June 12th, Karen E. Shaff sold 38,105 shares of Principal Financial Group stock. The stock was sold at an average price of $65.05, for a total value of $2,478,730.25.

Principal Financial Group Inc (NYSE PFG) traded down 0.31% during trading on Tuesday, reaching $65.16. The company’s stock had a trading volume of 743,454 shares. The company has a market capitalization of $18.78 billion, a PE ratio of 14.68 and a beta of 1.65. Principal Financial Group Inc has a 52 week low of $40.94 and a 52 week high of $66.12. The company has a 50 day moving average price of $63.41 and a 200-day moving average price of $61.84.

Principal Financial Group (NYSE:PFG) last posted its quarterly earnings data on Thursday, April 27th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.08. Principal Financial Group had a return on equity of 13.35% and a net margin of 10.37%. The business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter last year, the firm earned $0.97 earnings per share. Equities research analysts anticipate that Principal Financial Group Inc will post $5.05 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Monday, June 5th were issued a dividend of $0.46 per share. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, June 1st. This represents a $1.84 annualized dividend and a dividend yield of 2.82%. Principal Financial Group’s dividend payout ratio (DPR) is 41.44%.

TRADEMARK VIOLATION WARNING: This piece was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was copied illegally and reposted in violation of international trademark and copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/07/11/principal-financial-group-inc-pfg-evp-karen-e-shaff-sells-30500-shares.html.

Several large investors have recently bought and sold shares of PFG. Private Advisor Group LLC boosted its stake in Principal Financial Group by 1.1% in the first quarter. Private Advisor Group LLC now owns 3,643 shares of the financial services provider’s stock valued at $228,000 after buying an additional 40 shares during the period. Foster & Motley Inc. boosted its position in shares of Principal Financial Group by 1.3% in the first quarter. Foster & Motley Inc. now owns 3,674 shares of the financial services provider’s stock worth $232,000 after buying an additional 47 shares during the last quarter. CENTRAL TRUST Co boosted its position in shares of Principal Financial Group by 2.4% in the first quarter. CENTRAL TRUST Co now owns 2,176 shares of the financial services provider’s stock worth $137,000 after buying an additional 52 shares during the last quarter. Cleararc Capital Inc. boosted its position in shares of Principal Financial Group by 0.9% in the first quarter. Cleararc Capital Inc. now owns 6,546 shares of the financial services provider’s stock worth $413,000 after buying an additional 60 shares during the last quarter. Finally, Independent Advisor Alliance boosted its position in shares of Principal Financial Group by 1.3% in the first quarter. Independent Advisor Alliance now owns 6,240 shares of the financial services provider’s stock worth $388,000 after buying an additional 82 shares during the last quarter. Institutional investors and hedge funds own 70.53% of the company’s stock.

PFG has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Principal Financial Group in a research note on Thursday, April 6th. Zacks Investment Research lowered Principal Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday, April 4th. J P Morgan Chase & Co lifted their price target on Principal Financial Group from $53.00 to $56.00 and gave the stock an “underweight” rating in a research note on Monday, April 3rd. Deutsche Bank AG boosted their price objective on Principal Financial Group from $60.00 to $62.00 and gave the stock a “hold” rating in a research note on Wednesday, April 19th. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Principal Financial Group in a research note on Thursday, June 29th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $58.80.

Principal Financial Group Company Profile

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.

Insider Buying and Selling by Quarter for Principal Financial Group (NYSE:PFG)

Receive News & Ratings for Principal Financial Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Principal Financial Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.