Shares of Principal Financial Group Inc (NYSE:PFG) have received an average recommendation of “Hold” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $56.17.

Several brokerages have weighed in on PFG. Morgan Stanley set a $56.00 target price on shares of Principal Financial Group and gave the company a “hold” rating in a research note on Friday, October 25th. Barclays set a $66.00 target price on shares of Principal Financial Group and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, UBS Group lowered their target price on shares of Principal Financial Group from $49.00 to $48.00 and set a “sell” rating for the company in a research note on Thursday, October 10th.

PFG traded up $0.03 during trading on Thursday, hitting $54.62. The stock had a trading volume of 788,385 shares, compared to its average volume of 1,361,578. Principal Financial Group has a twelve month low of $40.42 and a twelve month high of $60.81. The stock has a 50 day simple moving average of $55.31 and a two-hundred day simple moving average of $55.82.

Principal Financial Group (NYSE:PFG) last announced its earnings results on Thursday, October 24th. The financial services provider reported $1.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.46 by ($0.23). During the same quarter in the prior year, the business posted $1.67 EPS.

In other news, EVP Julia M. Lawler sold 1,000 shares of Principal Financial Group stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $57.56, for a total transaction of $57,560.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 3,000 shares of company stock valued at $164,450 over the last quarter. Insiders own 1.50% of the company’s stock.

Large investors have recently bought and sold shares of the company. Rockland Trust Co. lifted its position in Principal Financial Group by 6.6% during the second quarter. Rockland Trust Co. now owns 22,072 shares of the financial services provider’s stock valued at $1,278,000 after purchasing an additional 1,363 shares during the period. DNB Asset Management AS lifted its position in Principal Financial Group by 73.7% during the second quarter. DNB Asset Management AS now owns 58,069 shares of the financial services provider’s stock valued at $3,363,000 after purchasing an additional 24,640 shares during the period. Denali Advisors LLC lifted its position in Principal Financial Group by 4.9% during the second quarter. Denali Advisors LLC now owns 189,417 shares of the financial services provider’s stock valued at $10,971,000 after purchasing an additional 8,800 shares during the period. Crossmark Global Holdings Inc. lifted its position in Principal Financial Group by 0.7% during the second quarter. Crossmark Global Holdings Inc. now owns 204,591 shares of the financial services provider’s stock valued at $11,850,000 after purchasing an additional 1,376 shares during the period. Finally, CHURCHILL MANAGEMENT Corp acquired a new position in Principal Financial Group during the second quarter valued at $5,365,000. Institutional investors and hedge funds own 68.64% of the company’s stock.

Principal Financial Group Company Profile

Principal Financial Group, Inc provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments.

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Analyst Recommendations for Principal Financial Group (NYSE:PFG)

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