Principal Financial Group Inc (NYSE:PFG) CEO Daniel Joseph Houston sold 37,080 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $70.05, for a total value of $2,597,454.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Daniel Joseph Houston also recently made the following trade(s):

  • On Wednesday, October 18th, Daniel Joseph Houston sold 38,097 shares of Principal Financial Group stock. The stock was sold at an average price of $68.00, for a total value of $2,590,596.00.

Shares of Principal Financial Group Inc (PFG) traded up $1.37 during mid-day trading on Wednesday, reaching $70.05. The company had a trading volume of 1,073,400 shares, compared to its average volume of 1,104,080. The stock has a market cap of $19,823.01, a PE ratio of 13.38, a PEG ratio of 1.32 and a beta of 1.71. Principal Financial Group Inc has a 52 week low of $56.12 and a 52 week high of $70.26. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.10 and a quick ratio of 0.10.

Principal Financial Group (NYSE:PFG) last issued its earnings results on Thursday, October 26th. The financial services provider reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.02). The company had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.12 billion. Principal Financial Group had a net margin of 12.35% and a return on equity of 13.55%. During the same quarter in the prior year, the company earned $1.15 earnings per share. research analysts anticipate that Principal Financial Group Inc will post 5.22 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Monday, December 4th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $1.96 annualized dividend and a yield of 2.80%. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.47. Principal Financial Group’s dividend payout ratio (DPR) is 30.82%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PFG. Wealth Enhancement Advisory Services LLC purchased a new stake in Principal Financial Group in the 2nd quarter worth approximately $864,000. NGAM Advisors L.P. lifted its holdings in Principal Financial Group by 4.1% in the 2nd quarter. NGAM Advisors L.P. now owns 15,925 shares of the financial services provider’s stock worth $1,020,000 after buying an additional 623 shares during the period. IBM Retirement Fund lifted its holdings in Principal Financial Group by 119.2% in the 2nd quarter. IBM Retirement Fund now owns 6,562 shares of the financial services provider’s stock worth $470,000 after buying an additional 3,568 shares during the period. DT Investment Partners LLC lifted its holdings in Principal Financial Group by 10.4% in the 2nd quarter. DT Investment Partners LLC now owns 30,074 shares of the financial services provider’s stock worth $1,926,000 after buying an additional 2,832 shares during the period. Finally, Eagle Global Advisors LLC purchased a new stake in Principal Financial Group in the 2nd quarter worth approximately $207,000. Institutional investors and hedge funds own 68.81% of the company’s stock.

PFG has been the subject of a number of research reports. Zacks Investment Research upgraded Principal Financial Group from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Tuesday, August 1st. Royal Bank Of Canada reiterated a “buy” rating and issued a $74.00 price objective on shares of Principal Financial Group in a report on Wednesday, September 6th. Wells Fargo & Company set a $76.00 target price on Principal Financial Group and gave the company a “buy” rating in a report on Wednesday, October 18th. Morgan Stanley increased their target price on Principal Financial Group from $67.00 to $72.00 and gave the company an “equal weight” rating in a report on Thursday, October 5th. Finally, Barclays increased their target price on Principal Financial Group from $61.00 to $63.00 and gave the company an “equal weight” rating in a report on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $67.40.

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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.

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

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