Principal Financial Group Inc (PFG) Insider Nora Mary Everett Sells 12,398 Shares
Principal Financial Group Inc (NYSE:PFG) insider Nora Mary Everett sold 12,398 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $68.00, for a total transaction of $843,064.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Principal Financial Group Inc (NYSE:PFG) traded up 0.40% on Thursday, reaching $68.17. 666,402 shares of the company traded hands. The firm has a 50-day moving average price of $64.15 and a 200 day moving average price of $64.15. Principal Financial Group Inc has a one year low of $52.08 and a one year high of $68.18. The company has a market capitalization of $19.70 billion, a PE ratio of 15.49 and a beta of 1.67.
Principal Financial Group (NYSE:PFG) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter last year, the firm posted $1.15 EPS. Equities analysts forecast that Principal Financial Group Inc will post $5.20 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 1st were given a $0.47 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $1.88 annualized dividend and a yield of 2.77%. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.46. Principal Financial Group’s dividend payout ratio (DPR) is presently 42.73%.
A number of hedge funds and other institutional investors have recently bought and sold shares of PFG. Sun Life Financial INC grew its position in Principal Financial Group by 21,822.2% in the 2nd quarter. Sun Life Financial INC now owns 1,973 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 1,964 shares during the period. Jacobi Capital Management LLC grew its position in Principal Financial Group by 291.1% in the 1st quarter. Jacobi Capital Management LLC now owns 2,691 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 2,003 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in Principal Financial Group in the 1st quarter valued at $202,000. Eagle Global Advisors LLC acquired a new stake in Principal Financial Group in the 2nd quarter valued at $207,000. Finally, Koch Industries Inc. acquired a new stake in Principal Financial Group in the 2nd quarter valued at $210,000. 68.18% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $74.00 price target on shares of Principal Financial Group in a report on Wednesday, September 6th. Zacks Investment Research cut shares of Principal Financial Group from a “buy” rating to a “hold” rating in a report on Friday, July 7th. BidaskClub upgraded shares of Principal Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Principal Financial Group in a report on Wednesday. They issued a “neutral” rating and a $70.00 price target for the company. Finally, Wells Fargo & Company set a $76.00 price target on shares of Principal Financial Group and gave the company a “buy” rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Principal Financial Group presently has an average rating of “Hold” and an average target price of $67.40.
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.
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