Principal Financial Group Inc (NYSE:PFG) EVP Timothy Mark Dunbar sold 16,400 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $70.23, for a total transaction of $1,151,772.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Principal Financial Group Inc (NYSE PFG) opened at $72.00 on Friday. The stock has a market cap of $20,790.00, a PE ratio of 11.80, a PEG ratio of 1.35 and a beta of 1.72. Principal Financial Group Inc has a twelve month low of $56.12 and a twelve month high of $72.23. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.26.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.02). The business had revenue of $3.95 billion for the quarter, compared to analyst estimates 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. sell-side 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 was paid on Thursday, December 28th. Stockholders of record on Monday, December 4th were issued a dividend of $0.49 per share. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.47. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date was Friday, December 1st. Principal Financial Group’s dividend payout ratio (DPR) is currently 32.13%.

A number of equities research analysts have commented on PFG shares. Wells Fargo & Co set a $79.00 price target on shares of Principal Financial Group and gave the stock a “buy” rating in a report on Thursday, December 7th. Morgan Stanley raised their price target on shares of Principal Financial Group from $67.00 to $72.00 and gave the stock an “equal weight” rating in a report on Thursday, October 5th. Zacks Investment Research upgraded 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. 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. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $73.00 price target on shares of Principal Financial Group in a report on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Principal Financial Group presently has a consensus rating of “Hold” and an average price target of $68.80.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. grew its holdings in shares of Principal Financial Group by 0.7% during the second quarter. Pacer Advisors Inc. now owns 5,569 shares of the financial services provider’s stock valued at $357,000 after buying an additional 38 shares during the last quarter. Cookson Peirce & Co. Inc. grew its holdings in shares of Principal Financial Group by 0.8% during the second quarter. Cookson Peirce & Co. Inc. now owns 6,660 shares of the financial services provider’s stock valued at $427,000 after buying an additional 50 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Principal Financial Group by 0.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,914 shares of the financial services provider’s stock valued at $1,276,000 after buying an additional 82 shares during the last quarter. Veritable L.P. grew its holdings in shares of Principal Financial Group by 4.0% during the second quarter. Veritable L.P. now owns 6,137 shares of the financial services provider’s stock valued at $393,000 after buying an additional 235 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in shares of Principal Financial Group by 3.2% during the second quarter. Neuberger Berman Group LLC now owns 8,540 shares of the financial services provider’s stock valued at $547,000 after buying an additional 266 shares during the last quarter. Hedge funds and other institutional investors own 68.64% 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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