Insider Selling: Principal Financial Group Inc (PFG) Insider Sells 8,953 Shares of Stock

Principal Financial Group Inc (NYSE:PFG) insider James P. Mccaughan sold 8,953 shares of the stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $62.12, for a total value of $556,160.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

James P. Mccaughan also recently made the following trade(s):

  • On Tuesday, September 12th, James P. Mccaughan sold 6,193 shares of Principal Financial Group stock. The stock was sold at an average price of $62.33, for a total value of $386,009.69.
  • On Tuesday, September 5th, James P. Mccaughan sold 60,814 shares of Principal Financial Group stock. The stock was sold at an average price of $62.10, for a total value of $3,776,549.40.
  • On Friday, August 4th, James P. Mccaughan sold 60,817 shares of Principal Financial Group stock. The stock was sold at an average price of $66.98, for a total value of $4,073,522.66.
  • On Wednesday, July 5th, James P. Mccaughan sold 60,816 shares of Principal Financial Group stock. The stock was sold at an average price of $64.43, for a total value of $3,918,374.88.

Principal Financial Group Inc (PFG) opened at 62.51 on Friday. The company has a market cap of $18.06 billion, a PE ratio of 14.21 and a beta of 1.66. Principal Financial Group Inc has a 52-week low of $48.58 and a 52-week high of $67.73. The firm’s 50 day moving average is $63.82 and its 200 day moving average is $63.76.

Principal Financial Group (NYSE:PFG) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.31 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.09. Principal Financial Group had a net margin of 10.15% and a return on equity of 13.57%. The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter in the prior year, the company posted $1.15 earnings per share. Analysts forecast that Principal Financial Group Inc will post $5.19 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.47 per share. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.46. The ex-dividend date is Wednesday, August 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.01%. Principal Financial Group’s dividend payout ratio is presently 42.73%.

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A number of brokerages have weighed in on PFG. Zacks Investment Research upgraded Principal Financial Group from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Tuesday, August 1st. Keefe, Bruyette & Woods restated a “hold” rating and issued a $68.00 target price on shares of Principal Financial Group in a research note on Thursday, August 3rd. Barclays PLC raised their target price on Principal Financial Group from $61.00 to $63.00 and gave the company an “equal weight” rating in a research note on Friday, August 11th. BidaskClub downgraded Principal Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $74.00 target price on shares of Principal Financial Group in a research note on Wednesday, September 6th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $61.78.

A number of institutional investors have recently modified their holdings of PFG. Sun Life Financial INC lifted its position in Principal Financial Group by 21,822.2% during the second quarter. Sun Life Financial INC now owns 1,973 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 1,964 shares during the period. Jacobi Capital Management LLC lifted its position in Principal Financial Group by 291.1% during the first quarter. Jacobi Capital Management LLC now owns 2,691 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 2,003 shares during the period. Oppenheimer & Co. Inc. bought a new position in Principal Financial Group during the first quarter valued at approximately $202,000. Blair William & Co. IL bought a new position in Principal Financial Group during the first quarter valued at approximately $205,000. Finally, Eagle Global Advisors LLC bought a new position in Principal Financial Group during the second quarter valued at approximately $207,000. Institutional investors own 68.19% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Principal Financial Group (NYSE:PFG)

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