Principal Financial Group (NYSE:PFG) is set to issue its quarterly earnings data after the market closes on Thursday, April 26th.
Principal Financial Group (NYSE:PFG) last announced its quarterly earnings data 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 net margin of 12.35% and a return on equity of 13.55%. 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 company earned $1.27 EPS. On average, analysts expect Principal Financial Group to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of NYSE PFG opened at $60.89 on Thursday. Principal Financial Group has a 12 month low of $57.62 and a 12 month high of $75.58. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.10 and a current ratio of 0.10.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Monday, March 5th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.35%. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.49. The ex-dividend date was Friday, March 2nd.
Several equities research analysts have recently commented on PFG shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $76.00 target price on shares of Principal Financial Group in a report on Wednesday, January 31st. Morgan Stanley reduced their target price on Principal Financial Group from $79.00 to $77.00 and set an “equal weight” rating for the company in a report on Thursday, April 5th. Zacks Investment Research downgraded Principal Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Wells Fargo set a $68.00 target price on Principal Financial Group and gave the company a “hold” rating in a report on Tuesday, April 3rd. Finally, Bank of America started coverage on Principal Financial Group in a report on Monday, March 26th. They set a “neutral” rating and a $65.00 target price for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $71.45.
In related news, insider Luis E. Valdes sold 27,662 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $64.02, for a total value of $1,770,921.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is currently owned by corporate insiders.
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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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