Principal Financial Group Inc (NYSE:PFG) insider James P. Mccaughan sold 60,817 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $66.98, for a total value of $4,073,522.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

James P. Mccaughan also recently made the following trade(s):

  • On Wednesday, July 5th, James P. Mccaughan sold 60,816 shares of Principal Financial Group stock. The shares were sold at an average price of $64.43, for a total value of $3,918,374.88.
  • On Tuesday, June 6th, James P. Mccaughan sold 65,818 shares of Principal Financial Group stock. The shares were sold at an average price of $63.53, for a total value of $4,181,417.54.

Principal Financial Group Inc (NYSE:PFG) traded up 0.278% on Tuesday, hitting $66.695. The stock had a trading volume of 241,947 shares. Principal Financial Group Inc has a 12 month low of $46.36 and a 12 month high of $67.73. The stock has a market cap of $19.25 billion, a PE ratio of 15.161 and a beta of 1.65. The firm’s 50 day moving average price is $65.33 and its 200-day moving average price is $63.03.

Principal Financial Group (NYSE:PFG) last released its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.09. The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.16 billion. Principal Financial Group had a net margin of 10.15% and a return on equity of 13.57%. During the same quarter in the previous year, the company earned $1.15 EPS. On average, analysts forecast that Principal Financial Group Inc will post $5.18 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be given a $0.47 dividend. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.83%. Principal Financial Group’s payout ratio is presently 41.82%.

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

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A number of equities research analysts have issued reports on PFG shares. Wells Fargo & Company restated a “buy” rating on shares of Principal Financial Group in a research report on Thursday, June 29th. Royal Bank Of Canada restated a “buy” rating and set a $73.00 price objective on shares of Principal Financial Group in a research report on Wednesday, July 12th. Keefe, Bruyette & Woods restated a “hold” rating and set a $68.00 price objective on shares of Principal Financial Group in a research report on Thursday, August 3rd. Zacks Investment Research upgraded Principal Financial Group from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research report on Monday, April 10th. Finally, Deutsche Bank AG upped their price objective on Principal Financial Group from $60.00 to $62.00 and gave the company a “hold” rating in a research report on Wednesday, April 19th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $61.22.

Hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. raised its stake in shares of Principal Financial Group by 0.7% in the second quarter. Pacer Advisors Inc. now owns 5,569 shares of the financial services provider’s stock worth $357,000 after buying an additional 38 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of 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 worth $228,000 after buying an additional 40 shares during the last quarter. Foster & Motley Inc. raised its stake 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 raised its stake 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. Finally, Cleararc Capital Inc. increased its position in 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 valued at $413,000 after buying an additional 60 shares during the period. 70.45% 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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