Headlines about Principal Financial Group (NYSE:PFG) have trended positive this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Principal Financial Group earned a media sentiment score of 2.17 on their scale. InfoTrie also assigned headlines about the financial services provider an news buzz score of 7 out of 10, meaning that recent press coverage is likely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have impacted Principal Financial Group’s ranking:
- Stocks On The Road To Nowhere: Principal Financial Group, Inc. (PFG), Citizens Financial Group, Inc. (CFG) (rnsdaily.com)
- Is Principal Financial Group Inc’s (NASDAQ:PFG) CEO Incentives Align With Yours? (finance.yahoo.com)
- Principal Financial Group Inc (PFG) Director Acquires $1,202,500.00 in Stock (americanbankingnews.com)
- Principal Financial Group (PFG) Getting Favorable Media Coverage, Analysis Finds (americanbankingnews.com)
- Take a look at Price Fluctuations: Principal Financial Group, Inc. (PFG) (nasdaqclick.com)
A number of analysts have issued reports on the company. Credit Suisse Group cut their target price on Principal Financial Group from $62.00 to $56.00 and set a “neutral” rating for the company in a research note on Friday, August 17th. Zacks Investment Research raised Principal Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 1st. Deutsche Bank assumed coverage on Principal Financial Group in a research note on Tuesday, October 16th. They issued a “hold” rating and a $61.00 target price for the company. Finally, UBS Group raised their target price on Principal Financial Group from $57.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, October 8th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $65.50.
Shares of NYSE:PFG traded down $0.23 during midday trading on Friday, reaching $49.30. 2,887,509 shares of the company’s stock were exchanged, compared to its average volume of 1,589,538. Principal Financial Group has a fifty-two week low of $45.20 and a fifty-two week high of $75.58.
Principal Financial Group (NYSE:PFG) last issued its quarterly earnings data on Thursday, October 25th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.67. The business had revenue of $4.35 billion for the quarter, compared to analyst estimates of $3.86 billion.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Monday, December 3rd will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.38%. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 30th.
In related news, insider Amy Christine Friedrich sold 1,700 shares of the firm’s stock in a transaction dated Friday, October 5th. The stock was sold at an average price of $61.00, for a total transaction of $103,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James P. Mccaughan sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $55.42, for a total value of $1,108,400.00. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.
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About Principal Financial Group
Principal Financial Group, Inc provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. It operates through Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments.
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