Principal Financial Group Inc. (NYSE:PFG) EVP Timothy Mark Dunbar sold 5,000 shares of the company’s stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $52.00, for a total transaction of $260,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of Principal Financial Group Inc. (NYSE:PFG) opened at 52.26 on Monday. Principal Financial Group Inc. has a one year low of $33.09 and a one year high of $52.83. The stock has a market cap of $15.03 billion, a P/E ratio of 12.43 and a beta of 1.66. The stock has a 50 day moving average of $49.45 and a 200 day moving average of $44.51.

Principal Financial Group (NYSE:PFG) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.09. Principal Financial Group had a net margin of 10.20% and a return on equity of 12.52%. During the same period in the previous year, the firm earned $1.09 EPS. Equities analysts expect that Principal Financial Group Inc. will post $4.37 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Principal Financial Group (NYSE:PFG)

The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 2nd were issued a $0.41 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.39. This represents a $1.64 annualized dividend and a yield of 3.14%. Principal Financial Group’s dividend payout ratio is currently 38.86%.

PFG has been the subject of several analyst reports. Stifel Nicolaus raised shares of Principal Financial Group from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Sunday, July 31st. RBC Capital Markets set a $52.00 price target on shares of Principal Financial Group and gave the company a “buy” rating in a research note on Friday, August 19th. Evercore ISI initiated coverage on shares of Principal Financial Group in a research note on Wednesday, July 6th. They issued a “buy” rating and a $48.00 price target for the company. Barclays PLC increased their price target on shares of Principal Financial Group from $41.00 to $47.00 and gave the company an “equal weight” rating in a research note on Friday, July 29th. Finally, Zacks Investment Research raised shares of Principal Financial Group from a “sell” rating to a “hold” rating and set a $50.00 price target for the company in a research note on Monday, July 18th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $48.43.

Hedge funds have recently bought and sold shares of the stock. Washington Trust Bank boosted its stake in Principal Financial Group by 0.9% in the third quarter. Washington Trust Bank now owns 2,721 shares of the company’s stock valued at $140,000 after buying an additional 25 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Principal Financial Group by 0.8% in the second quarter. Signaturefd LLC now owns 6,197 shares of the company’s stock worth $255,000 after buying an additional 50 shares during the period. World Asset Management Inc boosted its stake in shares of Principal Financial Group by 0.7% in the second quarter. World Asset Management Inc now owns 26,686 shares of the company’s stock worth $1,097,000 after buying an additional 174 shares during the period. Commonwealth Bank of Australia boosted its stake in shares of Principal Financial Group by 0.6% in the second quarter. Commonwealth Bank of Australia now owns 37,699 shares of the company’s stock worth $1,550,000 after buying an additional 226 shares during the period. Finally, Norinchukin Bank The boosted its stake in shares of Principal Financial Group by 4.1% in the second quarter. Norinchukin Bank The now owns 5,912 shares of the company’s stock worth $243,000 after buying an additional 232 shares during the period. 67.13% of the stock is currently owned by hedge funds and other institutional investors.

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 services. The Company’s segments include Retirement and Income Solutions; Principal Global Investors, Principal International, and U.S.

5 Day Chart for NYSE:PFG

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