Principal Financial Group (PFG) Getting Somewhat Favorable Press Coverage, Analysis Shows
Media coverage about Principal Financial Group (NYSE:PFG) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Principal Financial Group earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 45.9729513857366 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Principal Financial Group (NYSE:PFG) traded down $0.15 on Thursday, hitting $68.40. 443,400 shares of the stock traded hands, compared to its average volume of 1,107,861. The stock has a market capitalization of $19,710.00, a P/E ratio of 13.36, a price-to-earnings-growth ratio of 1.31 and a beta of 1.71. 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 has a 52-week low of $56.12 and a 52-week high of $69.95.
Principal Financial Group (NYSE:PFG) last posted 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 business had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.12 billion. Principal Financial Group had a return on equity of 13.55% and a net margin of 12.35%. During the same quarter in the previous year, the business earned $1.15 EPS. research analysts expect that Principal Financial Group will post 5.22 earnings per share for the current 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 paid a dividend of $0.49 per share. The ex-dividend date is Friday, December 1st. This represents a $1.96 annualized dividend and a yield of 2.87%. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.47. Principal Financial Group’s payout ratio is currently 30.82%.
Several equities analysts have recently weighed in on PFG shares. Barclays PLC lifted their target price on shares of Principal Financial Group from $61.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Friday, August 11th. Morgan Stanley lifted their target price on shares of Principal Financial Group from $67.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 5th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $68.00 target price on shares of Principal Financial Group in a research note on Thursday, August 3rd. Wells Fargo & Company set a $76.00 target price on shares of Principal Financial Group and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Finally, Zacks Investment Research upgraded shares of Principal Financial Group from a “sell” rating to a “hold” rating and set a $73.00 target price for the company in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Principal Financial Group has an average rating of “Hold” and a consensus price target of $67.40.
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In related news, Chairman Daniel Joseph Houston sold 38,097 shares of the business’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $68.00, for a total transaction of $2,590,596.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James P. Mccaughan sold 60,814 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $62.10, for a total transaction of $3,776,549.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,537 shares of company stock valued at $9,313,955. 1.50% of the stock is owned by corporate insiders.
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.
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