Principal Financial Group Inc (NYSE:PFG) insider James P. Mccaughan sold 60,817 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $66.98, for a total transaction of $4,073,522.66. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

James P. Mccaughan also recently made the following trade(s):

  • On Wednesday, July 5th, James P. Mccaughan sold 60,816 shares of Principal Financial Group stock. The stock was sold at an average price of $64.43, for a total transaction of $3,918,374.88.
  • On Tuesday, June 6th, James P. Mccaughan sold 65,818 shares of Principal Financial Group stock. The stock was sold at an average price of $63.53, for a total transaction of $4,181,417.54.

Shares of Principal Financial Group Inc (PFG) traded up 0.278% during trading on Tuesday, hitting $66.695. 241,947 shares of the stock were exchanged. The stock has a market cap of $19.25 billion, a price-to-earnings ratio of 15.161 and a beta of 1.65. The stock’s 50 day moving average is $65.33 and its 200-day moving average is $63.03. Principal Financial Group Inc has a 12-month low of $46.36 and a 12-month high of $67.73.

Principal Financial Group (NYSE:PFG) last posted its earnings results on Thursday, July 27th. The financial services provider reported $1.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.09. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.16 billion. Principal Financial Group had a net margin of 10.15% and a return on equity of 13.57%. During the same period in the previous year, the firm posted $1.15 earnings per share. Equities research analysts anticipate that Principal Financial Group Inc will post $5.18 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.83%. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Wednesday, August 30th. Principal Financial Group’s payout ratio is currently 41.82%.

Principal Financial Group announced that its board has approved a stock buyback program on Wednesday, May 17th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the financial services provider to purchase up to 1.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

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PFG has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Principal Financial Group from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Monday, April 10th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Principal Financial Group in a research note on Thursday, June 29th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $68.00 price target on shares of Principal Financial Group in a research note on Thursday, August 3rd. BidaskClub downgraded shares of Principal Financial Group from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Deutsche Bank AG increased their price target on shares of Principal Financial Group from $60.00 to $62.00 and gave the stock a “hold” rating in a research note on Wednesday, April 19th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $61.22.

Hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue increased its stake in Principal Financial Group by 31.1% in the first quarter. State of Alaska Department of Revenue now owns 28,561 shares of the financial services provider’s stock valued at $1,802,000 after buying an additional 6,781 shares in the last quarter. NewSquare Capital LLC increased its stake in Principal Financial Group by 13.9% in the first quarter. NewSquare Capital LLC now owns 20,973 shares of the financial services provider’s stock valued at $1,324,000 after buying an additional 2,555 shares in the last quarter. DnB Asset Management AS increased its stake in Principal Financial Group by 17.6% in the first quarter. DnB Asset Management AS now owns 33,414 shares of the financial services provider’s stock valued at $2,109,000 after buying an additional 5,000 shares in the last quarter. Washington Trust Bank increased its stake in Principal Financial Group by 29.3% in the first quarter. Washington Trust Bank now owns 3,336 shares of the financial services provider’s stock valued at $211,000 after buying an additional 755 shares in the last quarter. Finally, OLD Second National Bank of Aurora increased its stake in Principal Financial Group by 9,636.7% in the first quarter. OLD Second National Bank of Aurora now owns 29,210 shares of the financial services provider’s stock valued at $1,843,000 after buying an additional 28,910 shares in the last quarter. 70.45% of the stock is owned by institutional investors.

Principal Financial Group Company Profile

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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