Principal Financial Group Inc (NYSE:PFG) insider Luis E. Valdes sold 27,662 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $64.02, for a total value of $1,770,921.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Luis E. Valdes also recently made the following trade(s):
- On Thursday, December 14th, Luis E. Valdes sold 47,662 shares of Principal Financial Group stock. The stock was sold at an average price of $70.04, for a total value of $3,338,246.48.
Principal Financial Group Inc (NYSE:PFG) traded down $0.63 during trading hours on Wednesday, reaching $62.05. The company had a trading volume of 893,820 shares, compared to its average volume of 1,547,120. The stock has a market capitalization of $18,160.00, a price-to-earnings ratio of 10.58, a PEG ratio of 1.35 and a beta of 1.60. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.26. Principal Financial Group Inc has a 52-week low of $59.25 and a 52-week high of $75.58.
Principal Financial Group (NYSE:PFG) last posted its earnings results on Monday, January 29th. The financial services provider reported $1.19 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.18). The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Principal Financial Group had a net margin of 12.35% and a return on equity of 13.55%. During the same period last year, the company earned $1.27 EPS. equities research analysts anticipate that Principal Financial Group Inc will post 5.22 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Monday, March 5th will be issued a dividend of $0.51 per share. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $2.04 annualized dividend and a dividend yield of 3.29%. Principal Financial Group’s dividend payout ratio (DPR) is presently 34.87%.
PFG has been the topic of a number of research reports. Wells Fargo & Co set a $79.00 price target on Principal Financial Group and gave the stock a “buy” rating in a research note on Thursday, December 7th. Goldman Sachs Group upgraded Principal Financial Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 9th. Zacks Investment Research upgraded Principal Financial Group from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Thursday, January 4th. Morgan Stanley reduced their price objective on Principal Financial Group from $80.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 30th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $76.00 price objective on shares of Principal Financial Group in a research note on Wednesday, January 31st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Principal Financial Group has a consensus rating of “Hold” and a consensus price target of $73.10.
Hedge funds have recently modified their holdings of the business. Massmutual Trust Co. FSB ADV grew its holdings in shares of Principal Financial Group by 5,561.0% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 5,661 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 5,561 shares during the last quarter. Resources Investment Advisors Inc. grew its holdings in shares of Principal Financial Group by 268.6% during the fourth quarter. Resources Investment Advisors Inc. now owns 2,997 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 2,184 shares during the last quarter. Avestar Capital LLC purchased a new position in shares of Principal Financial Group during the fourth quarter worth about $169,000. Tower Research Capital LLC TRC purchased a new position in shares of Principal Financial Group during the fourth quarter worth about $174,000. Finally, Acadian Asset Management LLC grew its holdings in shares of Principal Financial Group by 215.0% during the fourth quarter. Acadian Asset Management LLC now owns 2,611 shares of the financial services provider’s stock worth $184,000 after purchasing an additional 1,782 shares during the last quarter. 68.64% of the stock is currently owned by institutional investors.
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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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