Principal Financial Group (PFG) Receives News Impact Score of 0.22
Press coverage about Principal Financial Group (NYSE:PFG) has trended somewhat positive on Wednesday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Principal Financial Group earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 46.1313663152761 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Principal Financial Group Inc (PFG) Seeing Increased Volatility in Session – SCY News (scynews.com)
- Principal Financial Group Inc. (Nasdaq: PFG) to Ring The Nasdaq Stock Market Opening Bell – GlobeNewswire (press release) (globenewswire.com)
- Principal Financial Group Inc (PFG) Chairman Sells $1,430,029.12 in Stock (americanbankingnews.com)
- Principal Financial Group Inc (PFG) EVP Sells $1,740,352.90 in Stock (americanbankingnews.com)
- Principal Financial Group Inc (PFG) Chairman, President & CEO Daniel Joseph Houston Sold $5 … (finance.yahoo.com)
Several research analysts have recently weighed in on the company. Goldman Sachs Group raised Principal Financial Group from a “neutral” rating to a “buy” rating in a research report on Tuesday. Wells Fargo & Co lowered Principal Financial Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Zacks Investment Research raised Principal Financial Group from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research report on Thursday, January 4th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $73.00 price objective on shares of Principal Financial Group in a research report on Monday, December 11th. Finally, Morgan Stanley lifted their price objective on Principal Financial Group from $67.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $68.50.
Principal Financial Group (NYSE:PFG) last issued its earnings results on Thursday, October 26th. The financial services provider reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.02). Principal Financial Group had a net margin of 12.35% and a return on equity of 13.55%. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.12 billion. During the same period in the previous year, the firm earned $1.15 earnings per share. sell-side analysts predict that Principal Financial Group will post 5.22 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Monday, December 4th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 2.67%. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Friday, December 1st. Principal Financial Group’s payout ratio is presently 32.13%.
In related news, EVP Gary P. Scholten sold 24,310 shares of the business’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $71.59, for a total value of $1,740,352.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Daniel Joseph Houston sold 38,097 shares of the business’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $68.00, for a total value of $2,590,596.00. The disclosure for this sale can be found here. Insiders sold a total of 369,535 shares of company stock valued at $25,938,392 over the last ninety days. 1.50% of the stock is currently owned by corporate insiders.
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.
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