Principal Financial Group Inc (NYSE:PFG) Chairman Daniel Joseph Houston sold 19,856 shares of the firm’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $72.02, for a total transaction of $1,430,029.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Daniel Joseph Houston also recently made the following trade(s):

  • On Friday, January 5th, Daniel Joseph Houston sold 69,894 shares of Principal Financial Group stock. The shares were sold at an average price of $72.01, for a total transaction of $5,033,066.94.
  • On Tuesday, November 28th, Daniel Joseph Houston sold 37,080 shares of Principal Financial Group stock. The shares were sold at an average price of $70.05, for a total transaction of $2,597,454.00.
  • On Wednesday, October 18th, Daniel Joseph Houston sold 38,097 shares of Principal Financial Group stock. The shares were sold at an average price of $68.00, for a total transaction of $2,590,596.00.

Shares of Principal Financial Group Inc (NYSE PFG) opened at $73.88 on Friday. The firm has a market cap of $21,330.00, a price-to-earnings ratio of 12.11, a P/E/G ratio of 1.35 and a beta of 1.72. Principal Financial Group Inc has a fifty-two week low of $56.12 and a fifty-two week high of $74.05. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.26.

Principal Financial Group (NYSE:PFG) last released its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.02). The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.12 billion. Principal Financial Group had a net margin of 12.35% and a return on equity of 13.55%. During the same period in the previous year, the business posted $1.15 earnings per share. equities analysts anticipate that Principal Financial Group Inc will post 5.22 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Monday, December 4th were issued a dividend of $0.49 per share. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.47. This represents a $1.96 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Friday, December 1st. Principal Financial Group’s dividend payout ratio (DPR) is currently 32.13%.

A number of hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. grew its holdings in Principal Financial Group by 0.7% during the 2nd 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 in the last quarter. Cookson Peirce & Co. Inc. grew its holdings in Principal Financial Group by 0.8% during the 2nd 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 in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Principal Financial Group by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,914 shares of the financial services provider’s stock worth $1,276,000 after acquiring an additional 82 shares in the last quarter. Veritable L.P. grew its holdings in Principal Financial Group by 4.0% during the 2nd quarter. Veritable L.P. now owns 6,137 shares of the financial services provider’s stock worth $393,000 after acquiring an additional 235 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in Principal Financial Group by 3.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 8,540 shares of the financial services provider’s stock worth $547,000 after acquiring an additional 266 shares in the last quarter. 68.64% of the stock is owned by institutional investors.

A number of equities analysts have recently commented 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. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $73.00 target price on shares of Principal Financial Group in a research note on Monday, December 11th. Wells Fargo & Co downgraded shares of Principal Financial Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Goldman Sachs Group assumed coverage on shares of Principal Financial Group in a research note on Wednesday, October 18th. They issued a “neutral” rating and a $70.00 target price on the stock. Finally, Morgan Stanley raised their target price 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. 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. The company presently has a consensus rating of “Hold” and an average price target of $68.50.

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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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