News coverage about Principal Financial Group (NYSE:PFG) has been trending somewhat positive on Thursday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Principal Financial Group earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 45.5715165477185 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Technical Snapshots for Investors – Principal Financial Group, Inc. (NASDAQ: PFG) – The Investor Guide (wallstreetnews24.com)
- \Principal Financial Group, Inc., (NASDAQ: PFG) – Technical Indicators under Review – Stock Watch (stocksnewstimes.com)
- Principal Financial Group (PFG) Upgraded at Zacks Investment Research (americanbankingnews.com)
- Principal Financial Group Inc (PFG) Short Interest Update (americanbankingnews.com)
Principal Financial Group (NYSE:PFG) traded up $0.03 on Thursday, hitting $73.48. The stock had a trading volume of 887,907 shares, compared to its average volume of 1,020,000. Principal Financial Group has a fifty-two week low of $56.12 and a fifty-two week high of $74.80. The stock has a market cap of $21,280.00, a P/E ratio of 12.05, a P/E/G ratio of 1.35 and a beta of 1.72. 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 also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Monday, December 4th were issued a $0.49 dividend. The ex-dividend date of this dividend was Friday, December 1st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.67%. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.47. Principal Financial Group’s dividend payout ratio is presently 32.13%.
Several equities research analysts have weighed in on PFG shares. Zacks Investment Research upgraded Principal Financial Group from a “sell” rating to a “hold” rating and set a $73.00 price target on the stock in a report on Monday, October 2nd. Morgan Stanley upped their price target on Principal Financial Group from $67.00 to $72.00 and gave the stock an “equal weight” rating in a report on Thursday, October 5th. Goldman Sachs Group started coverage on Principal Financial Group in a report on Wednesday, October 18th. They set a “neutral” rating and a $70.00 price target on the stock. Wells Fargo & Co set a $76.00 price target on Principal Financial Group and gave the stock a “buy” rating in a report on Wednesday, October 18th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $73.00 price target on shares of Principal Financial Group in a report on Monday, December 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Principal Financial Group currently has a consensus rating of “Hold” and an average target price of $68.90.
In other news, Chairman Daniel Joseph Houston sold 19,856 shares of the stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $72.02, for a total value of $1,430,029.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Nora Mary Everett sold 17,290 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $70.16, for a total value of $1,213,066.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 301,958 shares of company stock worth $21,343,156. Company insiders own 1.50% of the company’s stock.
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.
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