Principal Financial Group Inc (NYSE:PFG) insider James P. Mccaughan sold 6,193 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $62.33, for a total value of $386,009.69. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Wednesday, September 6th, James P. Mccaughan sold 8,953 shares of Principal Financial Group stock. The stock was sold at an average price of $62.12, for a total value of $556,160.36.
  • On Tuesday, September 5th, James P. Mccaughan sold 60,814 shares of Principal Financial Group stock. The stock was sold at an average price of $62.10, for a total value of $3,776,549.40.
  • On Friday, August 4th, James P. Mccaughan sold 60,817 shares of Principal Financial Group stock. The stock was sold at an average price of $66.98, for a total value of $4,073,522.66.
  • 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 value of $3,918,374.88.

Principal Financial Group Inc (NYSE:PFG) opened at 62.25 on Thursday. The company has a 50 day moving average price of $64.21 and a 200 day moving average price of $63.78. The stock has a market capitalization of $17.99 billion, a price-to-earnings ratio of 14.15 and a beta of 1.66. Principal Financial Group Inc has a 12 month low of $47.87 and a 12 month high of $67.73.

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

Principal Financial Group declared that its board has approved a stock repurchase plan on Wednesday, May 17th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 1.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.47 per share. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.46. This represents a $1.88 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Wednesday, August 30th. Principal Financial Group’s payout ratio is currently 42.73%.

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Institutional investors have recently bought and sold shares of the company. Swiss National Bank grew its holdings in shares of Principal Financial Group by 3.0% during the 2nd quarter. Swiss National Bank now owns 1,050,263 shares of the financial services provider’s stock valued at $67,290,000 after acquiring an additional 30,900 shares in the last quarter. Chicago Equity Partners LLC purchased a new position in shares of Principal Financial Group during the 2nd quarter valued at $2,880,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Principal Financial Group during the 2nd quarter valued at $2,210,000. Mason Street Advisors LLC grew its holdings in shares of Principal Financial Group by 0.9% during the 1st quarter. Mason Street Advisors LLC now owns 36,946 shares of the financial services provider’s stock valued at $2,332,000 after acquiring an additional 347 shares in the last quarter. Finally, Gotham Asset Management LLC purchased a new position in shares of Principal Financial Group during the 1st quarter valued at $1,000,000. Institutional investors and hedge funds own 68.19% of the company’s stock.

Several research firms have recently issued reports on PFG. Royal Bank Of Canada restated a “buy” rating and set a $74.00 price objective on shares of Principal Financial Group in a report on Wednesday, September 6th. Zacks Investment Research cut Principal Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. BidaskClub upgraded Principal Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Keefe, Bruyette & Woods restated a “hold” rating and set a $68.00 price objective on shares of Principal Financial Group in a report on Thursday, August 3rd. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of Principal Financial Group in a research report on Thursday, June 29th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $61.78.

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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