Principal Financial Group Inc (PFG) Receives Consensus Recommendation of “Hold” from Analysts

Principal Financial Group Inc (NYSE:PFG) has received an average recommendation of “Hold” from the eleven analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $67.67.

A number of research firms have recently commented on PFG. Keefe, Bruyette & Woods reissued a “hold” rating and set a $73.00 target price on shares of Principal Financial Group in a research note on Monday. Wells Fargo & Company set a $79.00 target price on shares of Principal Financial Group and gave the stock a “buy” rating in a research note on Thursday, December 7th. Goldman Sachs Group began coverage on shares of Principal Financial Group in a research note on Wednesday, October 18th. They set a “neutral” rating and a $70.00 target price for the company. Zacks Investment Research cut shares of Principal Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, Morgan Stanley boosted their target price on shares of Principal Financial Group from $67.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 5th.

In related news, EVP Karen E. Shaff sold 17,082 shares of the company’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $68.00, for a total transaction of $1,161,576.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Nora Mary Everett sold 12,398 shares of the company’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $68.00, for a total transaction of $843,064.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 191,413 shares of company stock valued at $13,244,925. 1.50% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sun Life Financial INC grew its stake in Principal Financial Group by 21,822.2% during the 2nd quarter. Sun Life Financial INC now owns 1,973 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 1,964 shares in the last quarter. Koch Industries Inc. purchased a new stake in Principal Financial Group during the 2nd quarter valued at about $210,000. First Heartland Consultants Inc. purchased a new stake in Principal Financial Group during the 3rd quarter valued at about $224,000. Honkamp Krueger Financial Services Inc. purchased a new stake in Principal Financial Group during the 3rd quarter valued at about $226,000. Finally, Private Advisor Group LLC purchased a new stake in Principal Financial Group during the 3rd quarter valued at about $255,000. 68.76% of the stock is owned by institutional investors.

Shares of Principal Financial Group (NYSE:PFG) traded down $0.53 during trading on Thursday, hitting $70.25. 1,024,600 shares of the company’s stock were exchanged, compared to its average volume of 1,110,119. The firm has a market capitalization of $20,438.06, a P/E ratio of 13.80, a P/E/G ratio of 1.36 and a beta of 1.71. Principal Financial Group has a 1-year low of $56.12 and a 1-year high of $72.23. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.10 and a current ratio of 0.10.

Principal Financial Group (NYSE:PFG) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.28 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.02). The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.12 billion. Principal Financial Group had a return on equity of 13.55% and a net margin of 12.35%. During the same quarter last year, the company posted $1.15 EPS. sell-side analysts expect that Principal Financial Group will post 5.22 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Monday, December 4th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Friday, December 1st. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.47. Principal Financial Group’s dividend payout ratio is currently 32.13%.

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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.

Analyst Recommendations for Principal Financial Group (NYSE:PFG)

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