Media headlines about Principal Financial Group (NYSE:PFG) have trended somewhat positive recently, according to InfoTrie Sentiment. The research group scores the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Principal Financial Group earned a news impact score of 1.73 on their scale. InfoTrie also assigned press coverage about the financial services provider an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company’s share price in the near future.

Shares of PFG stock opened at $49.02 on Tuesday. Principal Financial Group has a fifty-two week low of $45.20 and a fifty-two week high of $75.58.

Principal Financial Group (NYSE:PFG) last issued its quarterly earnings data on Thursday, October 25th. The financial services provider reported $1.67 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.67. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $3.86 billion.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Monday, December 3rd will be given a $0.54 dividend. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.53. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend is Friday, November 30th.

A number of brokerages recently weighed in on PFG. Credit Suisse Group decreased their price objective on Principal Financial Group from $62.00 to $56.00 and set a “neutral” rating on the stock in a report on Friday, August 17th. Zacks Investment Research raised Principal Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 1st. Morgan Stanley decreased their price objective on Principal Financial Group from $64.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 13th. Deutsche Bank started coverage on Principal Financial Group in a research note on Tuesday, October 16th. They issued a “hold” rating and a $61.00 price target on the stock. Finally, UBS Group lifted their price target on Principal Financial Group from $57.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, October 8th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $64.70.

In related news, Director Daniel Gelatt acquired 25,000 shares of the stock in a transaction on Monday, November 5th. The stock was acquired at an average price of $48.10 per share, for a total transaction of $1,202,500.00. Following the completion of the purchase, the director now owns 138,694 shares of the company’s stock, valued at $6,671,181.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Amy Christine Friedrich sold 1,700 shares of Principal Financial Group stock in a transaction on Friday, October 5th. The shares were sold at an average price of $61.00, for a total value of $103,700.00. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

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Principal Financial Group Company Profile

Principal Financial Group, Inc provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. It operates through Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments.

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