Principal Financial Group Inc (NYSE:PFG) EVP Karen E. Shaff sold 50,561 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $69.51, for a total transaction of $3,514,495.11. The sale was disclosed in a document filed with the SEC, which is available through this link.

Karen E. Shaff also recently made the following trade(s):

  • On Wednesday, October 18th, Karen E. Shaff sold 17,082 shares of Principal Financial Group stock. The stock was sold at an average price of $68.00, for a total transaction of $1,161,576.00.

Principal Financial Group Inc (PFG) opened at $70.85 on Tuesday. Principal Financial Group Inc has a fifty-two week low of $56.12 and a fifty-two week high of $72.23. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.10 and a quick ratio of 0.10. The company has a market cap of $20,362.98, a PE ratio of 13.75, a PEG ratio of 1.35 and a beta of 1.71.

Principal Financial Group (NYSE:PFG) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.02). The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate 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 business earned $1.15 earnings per share. analysts anticipate that Principal Financial Group Inc will post 5.22 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Monday, December 4th will be given a $0.49 dividend. The ex-dividend date is Friday, December 1st. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.47. This represents a $1.96 annualized dividend and a yield of 2.77%. Principal Financial Group’s dividend payout ratio (DPR) is currently 32.13%.

Several research analysts have weighed in on the stock. Barclays raised their price objective on shares of Principal Financial Group from $61.00 to $63.00 and gave the stock an “equal weight” rating in a report on Friday, August 11th. BidaskClub lowered shares of Principal Financial Group from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Goldman Sachs Group started coverage on shares of Principal Financial Group in a report on Wednesday, October 18th. They issued a “neutral” rating and a $70.00 price target for the company. Wells Fargo & Company set a $76.00 price target on shares of Principal Financial Group and gave the company a “buy” rating in a report on Wednesday, October 18th. Finally, Zacks Investment Research raised shares of Principal Financial Group from a “sell” rating to a “hold” rating and set a $73.00 price target for the company in a report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $67.40.

A number of large investors have recently modified their holdings of PFG. Janus Henderson Group PLC lifted its position in Principal Financial Group by 6,656.1% in the 2nd quarter. Janus Henderson Group PLC now owns 3,020,597 shares of the financial services provider’s stock valued at $193,529,000 after purchasing an additional 2,975,888 shares during the last quarter. Nordea Investment Management AB lifted its position in Principal Financial Group by 1,613.5% in the 2nd quarter. Nordea Investment Management AB now owns 668,624 shares of the financial services provider’s stock valued at $42,839,000 after purchasing an additional 629,604 shares during the last quarter. Old Mutual Global Investors UK Ltd. lifted its position in Principal Financial Group by 104.5% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 1,180,596 shares of the financial services provider’s stock valued at $75,959,000 after purchasing an additional 603,342 shares during the last quarter. BlackRock Inc. lifted its position in Principal Financial Group by 3.3% in the 2nd quarter. BlackRock Inc. now owns 18,306,790 shares of the financial services provider’s stock valued at $1,172,916,000 after purchasing an additional 592,172 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Principal Financial Group by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 30,237,096 shares of the financial services provider’s stock valued at $1,937,291,000 after purchasing an additional 587,221 shares during the last quarter. Hedge funds and other institutional investors own 68.81% of the company’s stock.

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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.

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

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