Media coverage about Principal Financial Group (NYSE:PFG) has been trending somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Principal Financial Group earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 45.0121078678395 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
Shares of PFG stock traded down $1.70 during trading hours on Friday, hitting $59.61. 2,287,790 shares of the company’s stock were exchanged, compared to its average volume of 1,658,885. 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 fifty-two week low of $57.62 and a fifty-two week high of $75.58.
Principal Financial Group (NYSE:PFG) last announced its earnings results on Monday, January 29th. The financial services provider reported $1.19 earnings per share 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 business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period in the previous year, the company earned $1.27 earnings per share. analysts expect that Principal Financial Group will post 5.22 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Monday, March 5th were paid a $0.51 dividend. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.49. This represents a $2.04 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend was Friday, March 2nd.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Principal Financial Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. JPMorgan Chase upgraded Principal Financial Group from an “underweight” rating to a “neutral” rating and set a $70.00 price target on the stock in a research note on Monday, February 12th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $76.00 target price on shares of Principal Financial Group in a research report on Wednesday, January 31st. Barclays upgraded Principal Financial Group from an “equal weight” rating to an “overweight” rating and set a $72.00 target price on the stock in a research report on Monday, February 12th. Finally, Morgan Stanley dropped their target price on Principal Financial Group from $80.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. Principal Financial Group has a consensus rating of “Hold” and an average target price of $71.45.
In other Principal Financial Group news, EVP Gary P. Scholten sold 24,310 shares of the company’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $71.59, for a total value of $1,740,352.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Luis E. Valdes sold 27,662 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $64.02, for a total value of $1,770,921.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 71,828 shares of company stock valued at $4,941,303. 1.50% of the stock is owned by corporate 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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