Principal Financial Group Inc (NYSE:PFG) issued its quarterly earnings data on Thursday. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.02), Bloomberg Earnings reports. Principal Financial Group had a return on equity of 13.57% and a net margin of 10.15%. During the same period in the previous year, the firm earned $1.15 EPS.

Principal Financial Group (PFG) traded up 0.77% during mid-day trading on Thursday, reaching $68.20. The company’s stock had a trading volume of 1,005,781 shares. The stock has a market cap of $19.71 billion, a price-to-earnings ratio of 15.50 and a beta of 1.67. Principal Financial Group has a 12-month low of $52.67 and a 12-month high of $68.90. The firm’s 50 day moving average price is $64.88 and its 200 day moving average price is $64.34.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Monday, December 4th will be paid a $0.49 dividend. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.47. This represents a $1.96 dividend on an annualized basis and a yield of 2.87%. Principal Financial Group’s dividend payout ratio (DPR) is presently 42.73%.

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Several brokerages have recently issued reports on PFG. Goldman Sachs Group, Inc. (The) began coverage on Principal Financial Group in a report on Wednesday, October 18th. They set a “neutral” rating and a $70.00 price objective on the stock. Zacks Investment Research raised Principal Financial Group from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Tuesday, August 1st. Wells Fargo & Company set a $76.00 price objective on Principal Financial Group and gave the stock a “buy” rating in a report on Wednesday, October 18th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $68.00 price objective on shares of Principal Financial Group in a report on Thursday, August 3rd. Finally, Barclays PLC upped their price objective on Principal Financial Group from $61.00 to $63.00 and gave the stock an “equal weight” rating in a report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $67.40.

In related news, EVP Karen E. Shaff sold 17,082 shares of the business’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $68.00, for a total value of $1,161,576.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Daniel Joseph Houston sold 38,097 shares of the business’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $68.00, for a total value of $2,590,596.00. The disclosure for this sale can be found here. Insiders sold 204,354 shares of company stock worth $13,387,478 in the last 90 days. Company insiders own 1.50% of the company’s stock.

About Principal Financial Group

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.

Earnings History for Principal Financial Group (NYSE:PFG)

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