Principal Financial Group Inc. (NYSE:PFG) EVP Gary P. Scholten sold 13,000 shares of the company’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $58.00, for a total transaction of $754,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Principal Financial Group Inc. (NYSE:PFG) opened at 57.31 on Tuesday. The firm has a market cap of $16.49 billion, a PE ratio of 13.43 and a beta of 1.68. Principal Financial Group Inc. has a 52 week low of $33.09 and a 52 week high of $58.85. The firm has a 50-day moving average of $52.92 and a 200-day moving average of $46.80.

Principal Financial Group (NYSE:PFG) last released its earnings results on Thursday, October 27th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.03. Principal Financial Group had a net margin of 10.63% and a return on equity of 12.34%. During the same quarter in the prior year, the firm posted $1.06 EPS. On average, analysts expect that Principal Financial Group Inc. will post $4.42 EPS for the current year.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 27th. Investors of record on Monday, December 5th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Thursday, December 1st. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.41. Principal Financial Group’s payout ratio is presently 38.41%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PFG. Panagora Asset Management Inc. increased its position in Principal Financial Group by 59.6% in the third quarter. Panagora Asset Management Inc. now owns 1,583,884 shares of the company’s stock worth $81,586,000 after buying an additional 591,490 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its position in Principal Financial Group by 280.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 3,800 shares of the company’s stock worth $196,000 after buying an additional 2,800 shares during the last quarter. Capital Research Global Investors increased its position in Principal Financial Group by 31.3% in the third quarter. Capital Research Global Investors now owns 8,231,000 shares of the company’s stock worth $423,979,000 after buying an additional 1,960,000 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in Principal Financial Group during the third quarter worth about $13,418,000. Finally, Virtus Investment Advisers Inc. bought a new position in Principal Financial Group during the third quarter worth about $114,000. Institutional investors own 67.25% of the company’s stock.

Several equities analysts recently weighed in on PFG shares. Zacks Investment Research upgraded shares of Principal Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 13th. Stifel Nicolaus upgraded shares of Principal Financial Group from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Sunday, July 31st. JPMorgan Chase & Co. reaffirmed a “sell” rating and issued a $46.00 target price on shares of Principal Financial Group in a research note on Friday, July 29th. Credit Suisse Group AG started coverage on shares of Principal Financial Group in a research note on Friday, October 7th. They issued an “underperform” rating and a $53.00 target price for the company. Finally, Wells Fargo & Co. reaffirmed an “outperform” rating on shares of Principal Financial Group in a research note on Friday, September 23rd. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $49.00.

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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