News articles about Principal Financial Group (NYSE:PFG) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Principal Financial Group earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 45.1239034532586 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Principal Financial Group (PFG) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Principal Financial Group (PFG) Coverage Initiated by Analysts at Goldman Sachs (americanbankingnews.com)
- Principal Financial Group (PFG) Given New $77.00 Price Target at Morgan Stanley (americanbankingnews.com)
- Wells Fargo Reaffirms “Market Perform” Rating for Principal Financial Group (PFG) (americanbankingnews.com)
Several equities analysts recently commented on PFG shares. Morgan Stanley dropped their target price on Principal Financial Group from $79.00 to $77.00 and set an “equal weight” rating for the company in a research note on Thursday. Wells Fargo reiterated a “market perform” rating and issued a $76.00 target price on shares of Principal Financial Group in a research note on Monday, January 8th. Bank of America started coverage on Principal Financial Group in a research note on Monday, March 26th. They issued a “neutral” rating and a $65.00 target price for the company. UBS started coverage on Principal Financial Group in a research note on Friday, March 2nd. They issued a “neutral” rating and a $69.00 target price for the company. Finally, Zacks Investment Research lowered Principal Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Principal Financial Group has a consensus rating of “Hold” and an average target price of $71.45.
Principal Financial Group (NYSE:PFG) last posted its quarterly earnings results on Monday, January 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.18). Principal Financial Group had a net margin of 12.35% and a return on equity of 13.55%. The firm had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same period last year, the firm posted $1.27 EPS. analysts anticipate that Principal Financial Group will post 5.22 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Monday, March 5th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date was Friday, March 2nd. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.49.
In other Principal Financial Group news, insider Luis E. Valdes sold 27,662 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $64.02, for a total transaction of $1,770,921.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is currently owned by insiders.
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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