Principal Financial Group Inc (NYSE:PFG) Chairman Daniel Joseph Houston sold 19,856 shares of the firm’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $72.02, for a total value of $1,430,029.12. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Daniel Joseph Houston also recently made the following trade(s):
- On Friday, January 5th, Daniel Joseph Houston sold 69,894 shares of Principal Financial Group stock. The shares were sold at an average price of $72.01, for a total value of $5,033,066.94.
- On Tuesday, November 28th, Daniel Joseph Houston sold 37,080 shares of Principal Financial Group stock. The shares were sold at an average price of $70.05, for a total value of $2,597,454.00.
- On Wednesday, October 18th, Daniel Joseph Houston sold 38,097 shares of Principal Financial Group stock. The stock was sold at an average price of $68.00, for a total value of $2,590,596.00.
Principal Financial Group Inc (PFG) opened at $73.38 on Thursday. 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 twelve month low of $56.12 and a twelve month high of $74.05. The stock has a market cap of $21,190.00, a PE ratio of 12.03, a price-to-earnings-growth ratio of 1.35 and a beta of 1.72.
Principal Financial Group (NYSE:PFG) last issued its earnings results on Thursday, October 26th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 period in the prior year, the business earned $1.15 EPS. equities analysts expect that Principal Financial Group Inc will post 5.22 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Monday, December 4th were issued a $0.49 dividend. The ex-dividend date of this dividend was Friday, December 1st. This represents a $1.96 dividend on an annualized basis and a yield of 2.67%. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.47. Principal Financial Group’s dividend payout ratio (DPR) is currently 32.13%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Sun Life Financial INC lifted its holdings in Principal Financial Group by 21,822.2% in the second quarter. Sun Life Financial INC now owns 1,973 shares of the financial services provider’s stock worth $126,000 after acquiring an additional 1,964 shares during the last quarter. Koch Industries Inc. bought a new position in Principal Financial Group in the second quarter worth about $210,000. First Heartland Consultants Inc. bought a new position in Principal Financial Group in the third quarter worth about $224,000. Honkamp Krueger Financial Services Inc. bought a new position in Principal Financial Group in the third quarter worth about $226,000. Finally, Private Advisor Group LLC bought a new position in Principal Financial Group in the third quarter worth about $255,000. 68.64% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently commented on PFG. Zacks Investment Research upgraded Principal Financial Group from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a research note on Thursday, January 4th. Wells Fargo & Co reiterated a “market perform” rating and issued a $76.00 price target on shares of Principal Financial Group in a research note on Monday. Goldman Sachs Group upgraded Principal Financial Group from a “neutral” rating to a “buy” rating in a research note on Tuesday. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $73.00 price target on shares of Principal Financial Group in a research note on Monday, December 11th. Finally, Morgan Stanley lifted their price target on Principal Financial Group from $67.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Principal Financial Group currently has a consensus rating of “Hold” and a consensus target price of $68.50.
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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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