Principal Financial Group Inc. (NYSE:PFG)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $41.76, but opened at $42.11. Principal Financial Group shares last traded at $43.17, with a volume of 571,114 shares.

PFG has been the topic of several research reports. Deutsche Bank AG reissued a “hold” rating and set a $43.00 target price on shares of Principal Financial Group in a research note on Tuesday, March 15th. Zacks Investment Research raised Principal Financial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, April 5th. Citigroup Inc. increased their target price on Principal Financial Group from $35.00 to $36.00 and gave the stock a “sell” rating in a research note on Wednesday, April 6th. Morgan Stanley reissued a “hold” rating on shares of Principal Financial Group in a research note on Saturday, April 30th. Finally, Bank of America Corp. lowered Principal Financial Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 29th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Principal Financial Group has an average rating of “Hold” and an average price target of $47.23.

The stock has a 50-day moving average price of $42.31 and a 200-day moving average price of $40.58. The stock has a market cap of $12.52 billion and a PE ratio of 11.03.

Principal Financial Group (NYSE:PFG) last posted its quarterly earnings results on Thursday, April 28th. The company reported $0.97 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.00 by $0.03. The business earned $2.94 billion during the quarter, compared to analysts’ expectations of $2.88 billion. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.09 earnings per share. Analysts expect that Principal Financial Group Inc. will post $4.23 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 24th. Shareholders of record on Monday, June 6th were given a dividend of $0.39 per share. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date was Thursday, June 2nd.

In other Principal Financial Group news, insider James P. Mccaughan sold 10,000 shares of the business’s stock in a transaction dated Thursday, April 21st. The stock was sold at an average price of $43.40, for a total transaction of $434,000.00. Following the transaction, the insider now owns 205,598 shares in the company, valued at $8,922,953.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Gregory Bernard Elming sold 46,770 shares of the business’s stock in a transaction dated Wednesday, June 22nd. The stock was sold at an average price of $43.73, for a total value of $2,045,252.10. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently modified their holdings of the company. KBC Group boosted its position in shares of Principal Financial Group by 62.1% in the third quarter. KBC Group now owns 56,079 shares of the company’s stock worth $2,655,000 after buying an additional 21,474 shares in the last quarter. Sei Investments Co. boosted its position in shares of Principal Financial Group by 22.2% in the fourth quarter. Sei Investments Co. now owns 35,569 shares of the company’s stock worth $1,599,000 after buying an additional 6,468 shares in the last quarter. TD Asset Management Inc. boosted its position in shares of Principal Financial Group by 1.5% in the fourth quarter. TD Asset Management Inc. now owns 123,890 shares of the company’s stock worth $5,573,000 after buying an additional 1,800 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in shares of Principal Financial Group by 272.9% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 33,308 shares of the company’s stock worth $1,498,000 after buying an additional 24,375 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in shares of Principal Financial Group by 4.4% in the fourth quarter. ProShare Advisors LLC now owns 111,557 shares of the company’s stock worth $5,018,000 after buying an additional 4,732 shares in the last quarter.

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 services. The Company’s segments include Retirement and Income Solutions; Principal Global Investors, Principal International, and U.S.

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