Principal Financial Group Inc (NYSE:PFG) insider James P. Mccaughan sold 8,953 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $62.12, for a total transaction of $556,160.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Tuesday, September 5th, James P. Mccaughan sold 60,814 shares of Principal Financial Group stock. The stock was sold at an average price of $62.10, for a total transaction of $3,776,549.40.
  • On Friday, August 4th, James P. Mccaughan sold 60,817 shares of Principal Financial Group stock. The stock was sold at an average price of $66.98, for a total transaction of $4,073,522.66.
  • On Wednesday, July 5th, James P. Mccaughan sold 60,816 shares of Principal Financial Group stock. The stock was sold at an average price of $64.43, for a total transaction of $3,918,374.88.

Shares of Principal Financial Group Inc (PFG) traded up 1.25% during trading on Friday, hitting $60.67. 1,024,311 shares of the stock were exchanged. Principal Financial Group Inc has a 52 week low of $47.56 and a 52 week high of $67.73. The firm has a market capitalization of $17.53 billion, a price-to-earnings ratio of 13.79 and a beta of 1.66. The stock’s 50 day moving average price is $64.60 and its 200 day moving average price is $63.80.

Principal Financial Group (NYSE:PFG) last released its 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. Principal Financial Group had a net margin of 10.15% and a return on equity of 13.57%. The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same quarter last year, the firm earned $1.15 EPS. On average, equities analysts predict that Principal Financial Group Inc will post $5.18 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.88 annualized dividend and a dividend yield of 3.14%. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.46. Principal Financial Group’s dividend payout ratio (DPR) is currently 42.73%.

Principal Financial Group announced that its Board of Directors has initiated a share repurchase program 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 programs are often an indication that the company’s leadership believes its shares are undervalued.

COPYRIGHT VIOLATION WARNING: “Principal Financial Group Inc (PFG) Insider James P. Mccaughan Sells 8,953 Shares” was posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/09/08/principal-financial-group-inc-pfg-insider-james-p-mccaughan-sells-8953-shares.html.

PFG has been the topic of a number of research reports. Wells Fargo & Company reaffirmed a “buy” rating on shares of Principal Financial Group in a research note on Thursday, June 29th. Barclays PLC boosted their target price on shares of Principal Financial Group from $61.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Friday, August 11th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $68.00 target price on shares of Principal Financial Group in a research note on Thursday, August 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $73.00 target price on shares of Principal Financial Group in a research note on Wednesday, July 12th. Finally, BidaskClub cut shares of Principal Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $61.78.

A number of institutional investors have recently made changes to their positions in the business. Cookson Peirce & Co. Inc. grew its holdings in Principal Financial Group by 0.8% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 6,660 shares of the financial services provider’s stock worth $427,000 after acquiring an additional 50 shares during the last quarter. Advisory Services Network LLC grew its holdings in Principal Financial Group by 29.8% in the 2nd quarter. Advisory Services Network LLC now owns 11,463 shares of the financial services provider’s stock worth $734,000 after acquiring an additional 2,635 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Principal Financial Group in the 2nd quarter worth $659,000. Koch Industries Inc. bought a new stake in Principal Financial Group in the 2nd quarter worth $210,000. Finally, Verition Fund Management LLC bought a new stake in Principal Financial Group in the 2nd quarter worth $539,000. 68.19% of the stock is currently owned by institutional investors and hedge funds.

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.