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.
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.
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