News coverage about Principal Financial Group (NYSE:PFG) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Principal Financial Group earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 45.0651812360776 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
PFG has been the subject of a number of analyst reports. Wells Fargo set a $79.00 price target on Principal Financial Group and gave the stock a “buy” rating in a report on Thursday, December 7th. Goldman Sachs raised Principal Financial Group from a “neutral” rating to a “buy” rating in a report on Tuesday, January 9th. Zacks Investment Research raised Principal Financial Group from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a report on Thursday, January 4th. Morgan Stanley cut their price target on Principal Financial Group from $80.00 to $79.00 and set an “equal weight” rating for the company in a report 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 report on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $73.10.
Shares of Principal Financial Group (NYSE PFG) traded up $0.12 during mid-day trading on Tuesday, hitting $61.74. The company had a trading volume of 1,004,479 shares, compared to its average volume of 1,545,842. 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 has a one year low of $59.25 and a one year high of $75.58. The stock has a market capitalization of $18,160.00, a P/E ratio of 10.55, a PEG ratio of 1.35 and a beta of 1.60.
Principal Financial Group (NYSE:PFG) last issued its quarterly earnings data 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 business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter last year, the business posted $1.27 EPS. sell-side analysts predict that Principal Financial Group will post 5.22 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Monday, March 5th will be given a $0.51 dividend. 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 dividend payout ratio (DPR) is 34.87%.
In other Principal Financial Group news, insider Luis E. Valdes sold 27,662 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $64.02, for a total transaction of $1,770,921.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Timothy Mark Dunbar sold 16,400 shares of the firm’s 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 disclosure for this sale can be found here. Insiders sold 158,122 shares of company stock worth $11,126,142 in the last quarter. 1.50% of the stock is currently owned by company insiders.
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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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