Principal Financial Group Inc (NYSE:PFG) insider James P. Mccaughan sold 6,193 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $62.33, for a total value of $386,009.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

James P. Mccaughan also recently made the following trade(s):

  • On Wednesday, September 6th, James P. Mccaughan sold 8,953 shares of Principal Financial Group stock. The shares were sold at an average price of $62.12, for a total value of $556,160.36.
  • On Tuesday, September 5th, James P. Mccaughan sold 60,814 shares of Principal Financial Group stock. The shares were sold at an average price of $62.10, for a total value of $3,776,549.40.
  • On Friday, August 4th, James P. Mccaughan sold 60,817 shares of Principal Financial Group stock. The shares were sold at an average price of $66.98, for a total value of $4,073,522.66.
  • On Wednesday, July 5th, James P. Mccaughan sold 60,816 shares of Principal Financial Group stock. The shares were sold at an average price of $64.43, for a total value of $3,918,374.88.

Principal Financial Group Inc (PFG) opened at 62.47 on Wednesday. Principal Financial Group Inc has a 52 week low of $47.71 and a 52 week high of $67.73. The stock has a market capitalization of $18.05 billion, a P/E ratio of 14.20 and a beta of 1.66. The stock’s 50 day moving average price is $64.32 and its 200-day moving average price is $63.78.

Principal Financial Group (NYSE:PFG) last issued its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.09. The business had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.16 billion. Principal Financial Group had a return on equity of 13.57% and a net margin of 10.15%. During the same period in the previous year, the firm posted $1.15 earnings per share. Equities research analysts expect that Principal Financial Group Inc will post $5.18 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.46. This represents a $1.88 annualized dividend and a dividend yield of 3.01%. Principal Financial Group’s payout ratio is currently 42.73%.

Principal Financial Group declared that its Board of Directors has initiated a stock buyback program on Wednesday, May 17th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the financial services provider to repurchase up to 1.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

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PFG has been the subject of several analyst reports. Zacks Investment Research downgraded Principal Financial Group from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Wells Fargo & Company reaffirmed a “buy” rating on shares of Principal Financial Group in a research note on Thursday, June 29th. BidaskClub raised Principal Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $73.00 price objective on shares of Principal Financial Group in a research note on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $68.00 price objective on shares of Principal Financial Group in a research note on Thursday, August 3rd. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $61.78.

Several hedge funds and other institutional investors have recently modified their holdings of PFG. BlackRock Inc. boosted its position in shares of Principal Financial Group by 2,276.3% during the first quarter. BlackRock Inc. now owns 17,714,618 shares of the financial services provider’s stock worth $1,117,969,000 after buying an additional 16,969,140 shares during the period. Janus Henderson Group PLC boosted its position in shares of Principal Financial Group by 6,656.1% during the second quarter. Janus Henderson Group PLC now owns 3,020,597 shares of the financial services provider’s stock worth $193,529,000 after buying an additional 2,975,888 shares during the period. Janus Capital Management LLC boosted its position in shares of Principal Financial Group by 399.3% during the first quarter. Janus Capital Management LLC now owns 2,379,858 shares of the financial services provider’s stock worth $150,193,000 after buying an additional 1,903,190 shares during the period. Vanguard Group Inc. boosted its position in shares of Principal Financial Group by 6.7% during the first quarter. Vanguard Group Inc. now owns 29,649,875 shares of the financial services provider’s stock worth $1,871,204,000 after buying an additional 1,862,125 shares during the period. Finally, Nordea Investment Management AB boosted its position in shares of Principal Financial Group by 1,613.5% during the second quarter. Nordea Investment Management AB now owns 668,624 shares of the financial services provider’s stock worth $42,839,000 after buying an additional 629,604 shares during the period. Institutional investors and hedge funds own 68.19% of the company’s stock.

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.

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

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