Principal Financial Group Inc (NYSE:PFG) was the target of unusually large options trading activity on Thursday. Stock investors acquired 1,038 put options on the stock. This represents an increase of approximately 1,858% compared to the average daily volume of 53 put options.
In other Principal Financial Group news, EVP Timothy Mark Dunbar sold 16,400 shares of Principal Financial Group stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $70.23, for a total value of $1,151,772.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Daniel Joseph Houston sold 37,080 shares of Principal Financial Group stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $70.05, for a total transaction of $2,597,454.00. The disclosure for this sale can be found here. Insiders sold a total of 301,958 shares of company stock valued at $21,343,156 in the last quarter. Corporate insiders own 1.50% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in PFG. Janus Henderson Group PLC lifted its position in shares of Principal Financial Group by 6,656.1% during the 2nd quarter. Janus Henderson Group PLC now owns 3,020,597 shares of the financial services provider’s stock valued at $193,529,000 after acquiring an additional 2,975,888 shares during the period. American Century Companies Inc. lifted its position in shares of Principal Financial Group by 14,739.8% during the 4th quarter. American Century Companies Inc. now owns 836,964 shares of the financial services provider’s stock valued at $59,056,000 after acquiring an additional 831,324 shares during the period. Old Mutual Global Investors UK Ltd. lifted its position in shares of Principal Financial Group by 104.5% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 1,180,596 shares of the financial services provider’s stock valued at $75,959,000 after acquiring an additional 603,342 shares during the period. Martingale Asset Management L P lifted its position in shares of Principal Financial Group by 702.0% during the 4th quarter. Martingale Asset Management L P now owns 560,687 shares of the financial services provider’s stock valued at $39,563,000 after acquiring an additional 490,776 shares during the period. Finally, Allianz Asset Management GmbH lifted its position in shares of Principal Financial Group by 29.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,607,888 shares of the financial services provider’s stock valued at $103,451,000 after acquiring an additional 365,068 shares during the period. Institutional investors own 68.64% of the company’s stock.
Shares of Principal Financial Group (PFG) opened at $61.84 on Tuesday. The firm has a market cap of $17,860.00, a P/E ratio of 7.85, a price-to-earnings-growth ratio of 1.35 and a beta of 1.58. Principal Financial Group has a 1-year low of $59.25 and a 1-year 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.
Principal Financial Group (NYSE:PFG) last issued its quarterly earnings results on Monday, January 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, missing the Zacks’ 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 during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter last year, the firm posted $1.27 EPS. equities analysts predict that Principal Financial Group will post 5.22 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Monday, March 5th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend is Friday, March 2nd. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.49. Principal Financial Group’s payout ratio is presently 24.87%.
Several equities analysts have commented on PFG shares. Wells Fargo & Co reissued a “market perform” rating and issued a $76.00 target price on shares of Principal Financial Group in a report on Monday, January 8th. Goldman Sachs Group initiated coverage on shares of Principal Financial Group in a report on Wednesday, October 18th. They issued a “neutral” rating and a $70.00 target price on the stock. Zacks Investment Research lowered shares of Principal Financial Group from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Morgan Stanley decreased their price target on shares of Principal Financial Group from $80.00 to $79.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 30th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $73.00 price target on shares of Principal Financial Group in a report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $73.56.
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About Principal Financial Group
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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