Somewhat Positive Media Coverage Somewhat Unlikely to Impact Principal Financial Group (PFG) Stock Price

News headlines about Principal Financial Group (NYSE:PFG) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. 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 0.10 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 44.6164175867018 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the media headlines that may have impacted Accern’s rankings:

Several equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of Principal Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. JPMorgan Chase upgraded shares of Principal Financial Group from an “underweight” rating to a “neutral” rating and set a $70.00 target price on the stock in a report on Monday, February 12th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $76.00 target price on shares of Principal Financial Group in a report on Wednesday, January 31st. Barclays upgraded shares of Principal Financial Group from an “equal weight” rating to an “overweight” rating and set a $72.00 target price on the stock in a report on Monday, February 12th. Finally, Morgan Stanley decreased their target price on shares of Principal Financial Group from $80.00 to $79.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 30th. Two research 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. The company currently has a consensus rating of “Hold” and an average target price of $72.40.

Shares of PFG stock traded down $0.11 during trading hours on Friday, hitting $60.89. The company had a trading volume of 1,812,064 shares, compared to its average volume of 1,693,907. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.10 and a current ratio of 0.10. Principal Financial Group has a fifty-two week low of $57.62 and a fifty-two week high of $75.58.

Principal Financial Group (NYSE:PFG) last issued its quarterly earnings data on Monday, January 29th. The financial services provider reported $1.19 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.18). Principal Financial Group had a return on equity of 13.55% and a net margin of 12.35%. The company had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the prior year, the company posted $1.27 earnings per share. research analysts forecast that Principal Financial Group will post 5.22 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Monday, March 5th were issued a $0.51 dividend. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.49. This represents a $2.04 annualized dividend and a dividend yield of 3.35%. The ex-dividend date was Friday, March 2nd.

In other news, insider Luis E. Valdes sold 27,662 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $64.02, for a total value of $1,770,921.24. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.50% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Principal Financial Group (NYSE:PFG)

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