Principal Financial Group Inc (NYSE:PFG) insider Luis E. Valdes sold 27,662 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $64.02, for a total value of $1,770,921.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
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’s stock had a trading volume of 893,820 shares, compared to its average volume of 1,547,120. Principal Financial Group Inc has a 52 week low of $59.25 and a 52 week high of $75.58. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.26. The stock has a market cap of $18,160.00, a price-to-earnings ratio of 10.58, a P/E/G ratio of 1.35 and a beta of 1.60.
Principal Financial Group (NYSE:PFG) last posted its quarterly earnings data on Monday, January 29th. The financial services provider reported $1.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by ($0.18). Principal Financial Group had a return on equity of 13.55% and a net margin of 12.35%. The firm had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter last year, the firm posted $1.27 earnings per share. analysts anticipate that Principal Financial Group Inc will post 5.22 earnings per share for the current 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 paid a dividend of $0.51 per share. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.49. This represents a $2.04 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Friday, March 2nd. Principal Financial Group’s payout ratio is 34.87%.
A number of research firms recently weighed in on PFG. Zacks Investment Research cut Principal Financial Group from a “hold” rating to a “sell” rating in a report on Monday. UBS Group began coverage on Principal Financial Group in a report on Friday, March 2nd. They issued a “neutral” rating and a $69.00 price target for the company. JPMorgan Chase & Co. raised Principal Financial Group from an “underweight” rating to a “neutral” rating and set a $70.00 price target for the company in a report on Monday, February 12th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $76.00 price target on shares of Principal Financial Group in a report on Wednesday, January 31st. Finally, Wells Fargo & Co cut Principal Financial Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 9th. 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. The stock has an average rating of “Hold” and an average target price of $73.10.
A number of large investors have recently bought and sold shares of the business. Aperio Group LLC grew its position in shares of Principal Financial Group by 3.1% in the third quarter. Aperio Group LLC now owns 202,152 shares of the financial services provider’s stock valued at $13,006,000 after purchasing an additional 6,107 shares in the last quarter. First Quadrant L P CA purchased a new stake in shares of Principal Financial Group in the third quarter valued at approximately $6,135,000. First Business Financial Services Inc. grew its position in shares of Principal Financial Group by 12.5% in the third quarter. First Business Financial Services Inc. now owns 9,250 shares of the financial services provider’s stock valued at $595,000 after purchasing an additional 1,025 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Principal Financial Group in the third quarter valued at approximately $1,777,000. Finally, Victory Capital Management Inc. grew its position in shares of Principal Financial Group by 40.3% in the third quarter. Victory Capital Management Inc. now owns 149,334 shares of the financial services provider’s stock valued at $9,608,000 after purchasing an additional 42,875 shares in the last quarter. Institutional investors own 68.64% 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.
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