Principal Financial Group (NYSE:PFG)‘s stock had its “hold” rating reaffirmed by equities research analysts at Keefe, Bruyette & Woods in a report issued on Monday. They presently have a $73.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 3.14% from the company’s previous close.

PFG has been the topic of several other reports. Wells Fargo & Company set a $79.00 price target on shares of Principal Financial Group and gave the company a “buy” rating in a research note on Thursday, December 7th. Goldman Sachs Group started coverage on shares of Principal Financial Group in a research note on Wednesday, October 18th. They issued a “neutral” rating and a $70.00 price target on the stock. Zacks Investment Research downgraded shares of Principal Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Morgan Stanley upped their price target on shares of Principal Financial Group from $67.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Finally, BidaskClub downgraded shares of Principal Financial Group from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Two equities research 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. Principal Financial Group presently has an average rating of “Hold” and an average target price of $68.20.

Principal Financial Group (NYSE:PFG) opened at $70.78 on Monday. Principal Financial Group has a fifty-two week low of $56.12 and a fifty-two week high of $72.23. The company has a market cap of $20,300.00, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 1.38 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 (NYSE:PFG) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same quarter in the prior year, the firm earned $1.15 earnings per share. equities research analysts predict that Principal Financial Group will post 5.22 EPS for the current year.

In related news, EVP Karen E. Shaff sold 50,561 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $69.51, for a total transaction of $3,514,495.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Daniel Joseph Houston sold 37,080 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $70.05, for a total transaction of $2,597,454.00. The disclosure for this sale can be found here. Insiders have sold 191,413 shares of company stock valued at $13,244,925 in the last ninety days. 1.50% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. lifted its holdings in shares of Principal Financial Group by 0.7% in the second quarter. Pacer Advisors Inc. now owns 5,569 shares of the financial services provider’s stock worth $357,000 after acquiring an additional 38 shares during the last quarter. Cookson Peirce & Co. Inc. lifted its holdings in shares of Principal Financial Group by 0.8% in the second quarter. Cookson Peirce & Co. Inc. now owns 6,660 shares of the financial services provider’s stock worth $427,000 after acquiring an additional 50 shares during the last quarter. Pitcairn Co. raised its holdings in Principal Financial Group by 1.5% in the 2nd quarter. Pitcairn Co. now owns 4,312 shares of the financial services provider’s stock valued at $276,000 after buying an additional 63 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Principal Financial Group by 0.4% in the 2nd 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. Finally, NewSquare Capital LLC raised its holdings in Principal Financial Group by 0.8% in the 2nd quarter. NewSquare Capital LLC now owns 21,151 shares of the financial services provider’s stock valued at $1,355,000 after buying an additional 178 shares during the last quarter. 68.76% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Principal Financial Group (NYSE:PFG)

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