Principal Financial Group Inc (NYSE:PFG) EVP Gary P. Scholten sold 13,495 shares of Principal Financial Group stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $67.00, for a total transaction of $904,165.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Gary P. Scholten also recently made the following trade(s):

  • On Thursday, June 15th, Gary P. Scholten sold 21,950 shares of Principal Financial Group stock. The stock was sold at an average price of $65.04, for a total transaction of $1,427,628.00.

Shares of Principal Financial Group Inc (PFG) traded down 0.31% on Wednesday, reaching $66.95. The company’s stock had a trading volume of 266,025 shares. The stock has a market cap of $19.30 billion, a P/E ratio of 15.08 and a beta of 1.65. The firm’s 50-day moving average price is $64.76 and its 200-day moving average price is $62.67. Principal Financial Group Inc has a 12 month low of $44.22 and a 12 month high of $67.28.

Principal Financial Group (NYSE:PFG) last released its quarterly earnings results on Thursday, April 27th. The financial services provider reported $1.27 earnings per share for the quarter, beating 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 firm 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 posted $0.97 EPS. On average, analysts forecast that Principal Financial Group Inc will post $5.06 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Monday, June 5th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.74%. 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. Principal Financial Group’s dividend payout ratio (DPR) is currently 41.44%.

Principal Financial Group declared that its Board of Directors has authorized a share buyback plan on Wednesday, May 17th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the financial services provider to repurchase up to 1.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

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A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of Principal Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $73.00 price objective on shares of Principal Financial Group in a research report on Wednesday, July 12th. BidaskClub raised shares of Principal Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Deutsche Bank AG lifted their price objective on shares of Principal Financial Group from $60.00 to $62.00 and gave the stock a “hold” rating in a research report on Wednesday, April 19th. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of Principal Financial Group in a research report on Thursday, June 29th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $59.70.

Several institutional investors have recently made changes to their positions in the stock. Paragon Capital Management Ltd purchased a new position in shares of Principal Financial Group during the second quarter worth $272,000. OLD Second National Bank of Aurora boosted its position in shares of Principal Financial Group by 4.5% in the second quarter. OLD Second National Bank of Aurora now owns 30,515 shares of the financial services provider’s stock worth $1,955,000 after buying an additional 1,305 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its position in shares of Principal Financial Group by 52.5% in the second quarter. Farmers & Merchants Investments Inc. now owns 5,495 shares of the financial services provider’s stock worth $352,000 after buying an additional 1,892 shares in the last quarter. State Treasurer State of Michigan boosted its position in shares of Principal Financial Group by 0.3% in the second quarter. State Treasurer State of Michigan now owns 88,079 shares of the financial services provider’s stock worth $5,643,000 after buying an additional 300 shares in the last quarter. Finally, Bedrijfstakpensioenfonds Voor DE Media PNO purchased a new position in shares of Principal Financial Group during the second quarter worth $1,519,000. 70.55% of the stock is currently owned by institutional investors.

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)

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