Principal Financial Group Inc (NYSE:PFG) EVP Timothy Mark Dunbar sold 16,400 shares of Principal Financial Group stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $70.23, for a total value of $1,151,772.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Principal Financial Group Inc (PFG) traded up $0.82 during mid-day trading on Thursday, reaching $71.35. The company had a trading volume of 181,976 shares, compared to its average volume of 994,070. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.26. The firm has a market cap of $20,600.00, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 1.35 and a beta of 1.72. Principal Financial Group Inc has a twelve month low of $56.12 and a twelve month high of $72.23.
Principal Financial Group (NYSE:PFG) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.02). The company had revenue of $3.95 billion during 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 prior year, the firm earned $1.15 EPS. research analysts anticipate that Principal Financial Group Inc will post 5.22 EPS for the current year.
A number of hedge funds have recently made changes to their positions in the stock. Sun Life Financial INC raised its position in Principal Financial Group by 21,822.2% in the 2nd quarter. Sun Life Financial INC now owns 1,973 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 1,964 shares during the last quarter. First Heartland Consultants Inc. bought a new position in Principal Financial Group in the 3rd quarter valued at $224,000. Honkamp Krueger Financial Services Inc. bought a new position in Principal Financial Group in the 3rd quarter valued at $226,000. Private Advisor Group LLC bought a new position in Principal Financial Group in the 3rd quarter valued at $255,000. Finally, Highbridge Capital Management LLC bought a new position in Principal Financial Group in the 3rd quarter valued at $268,000. 68.64% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently weighed in on the company. Royal Bank of Canada reissued 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 lowered Principal Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $73.00 price objective on shares of Principal Financial Group in a report on Monday, December 11th. Goldman Sachs Group assumed coverage on Principal Financial Group in a report on Wednesday, October 18th. They set a “neutral” rating and a $70.00 price objective on the stock. Finally, Wells Fargo & Co set a $76.00 price objective on Principal Financial Group and gave the stock a “buy” rating in a report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Principal Financial Group currently has a consensus rating of “Hold” and a consensus target price of $68.80.
About Principal Financial Group
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.
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