Principal Financial Group (PFG) Scheduled to Post Quarterly Earnings on Monday

Principal Financial Group (NYSE:PFG) will issue its quarterly earnings data after the market closes on Monday, January 29th. Analysts expect the company to announce earnings of $1.35 per share for the quarter.

Principal Financial Group (NYSE:PFG) last posted its earnings results 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). Principal Financial Group had a return on equity of 13.55% and a net margin of 12.35%. The business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter last year, the firm earned $1.15 earnings per share. On average, analysts expect Principal Financial Group to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Shares of Principal Financial Group (NYSE:PFG) opened at $74.05 on Monday. Principal Financial Group has a fifty-two week low of $56.12 and a fifty-two week high of $74.80. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.26. The firm has a market cap of $21,550.00, a PE ratio of 12.14, a PEG ratio of 1.35 and a beta of 1.72.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Monday, December 4th were issued a $0.49 dividend. The ex-dividend date was Friday, December 1st. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.47. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.65%. Principal Financial Group’s payout ratio is 32.13%.

PFG has been the topic of a number of research reports. 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 report on Thursday, October 5th. Wells Fargo & Co set a $79.00 target price on shares of Principal Financial Group and gave the stock a “buy” rating in a report on Thursday, December 7th. Zacks Investment Research downgraded shares of Principal Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Keefe, Bruyette & Woods restated a “hold” rating and issued a $73.00 target price on shares of Principal Financial Group in a report on Monday, December 11th. Finally, Goldman Sachs Group initiated coverage on shares of Principal Financial Group in a report on Wednesday, October 18th. They issued a “neutral” rating and a $70.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $68.90.

In related news, CEO Daniel Joseph Houston sold 37,080 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $70.05, for a total transaction of $2,597,454.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Karen E. Shaff sold 50,561 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $69.51, for a total transaction of $3,514,495.11. The disclosure for this sale can be found here. Insiders have sold a total of 301,958 shares of company stock worth $21,343,156 over the last quarter. 1.50% of the stock is currently owned by insiders.

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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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