The Principal Financial Group Inc (PFG) Receives Consensus Recommendation of “Hold” from Analysts

The Principal Financial Group Inc (PFG) Receives Consensus Recommendation of “Hold” from Analysts

Several analysts recently commented on PFG shares. Zacks Investment Research raised Principal Financial Group from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Monday, April 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $64.00 price target on shares of Principal Financial Group in a research note on Tuesday, March 21st. Deutsche Bank AG boosted their price target on Principal Financial Group from $60.00 to $62.00 and gave the company a “hold” rating in a research note on Wednesday, April 19th. Finally, JPMorgan Chase & Co. boosted their price target on Principal Financial Group from $53.00 to $56.00 and gave the company an “underweight” rating in a research note on Monday, April 3rd.

Principal Financial Group Inc (NYSE:PFG) has received a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $57.20.

Principal Financial Group (NYSE PFG) opened at 63.96 on Monday. The stock has a market cap of $18.43 billion, a price-to-earnings ratio of 14.41 and a beta of 1.64. Principal Financial Group has a 1-year low of $38.03 and a 1-year high of $65.67. The stock has a 50 day moving average of $63.28 and a 200 day moving average of $61.07. Principal Financial Group (NYSE:PFG) last announced its quarterly earnings results on Thursday, April 27th. The financial services provider reported $1.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.08. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.16 billion. Principal Financial Group had a return on equity of 12.73% and a net margin of 10.55%. During the same quarter in the previous year, the firm earned $0.97 EPS. Equities analysts expect that Principal Financial Group will post $5.04 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Monday, June 5th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, June 1st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.88%. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.45. Principal Financial Group’s payout ratio is presently 38.22%. In other news, EVP Timothy Mark Dunbar sold 24,905 shares of the business’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $65.00, for a total transaction of $1,618,825.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Luis E. Valdes sold 10,375 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $64.00, for a total value of $664,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 149,486 shares of company stock valued at $9,542,643. 1.78% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Virtus Investment Advisers Inc. purchased a new stake in Principal Financial Group during the third quarter worth $114,000. Jacobi Capital Management LLC increased its stake in Principal Financial Group by 292.7% in the third quarter. Jacobi Capital Management LLC now owns 2,686 shares of the financial services provider’s stock worth $137,000 after buying an additional 2,002 shares during the last quarter. CENTRAL TRUST Co increased its stake in Principal Financial Group by 2.4% in the first quarter. CENTRAL TRUST Co now owns 2,176 shares of the financial services provider’s stock worth $137,000 after buying an additional 52 shares during the last quarter. Cascade Investment Advisors Inc. purchased a new stake in Principal Financial Group during the fourth quarter worth $170,000. Finally, Fuller & Thaler Asset Management Inc. increased its stake in Principal Financial Group by 280.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 3,800 shares of the financial services provider’s stock worth $196,000 after buying an additional 2,800 shares during the last quarter. Institutional investors own 68.59% 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “PFG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”}); Receive News & Ratings for Principal Financial Group Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Principal Financial Group Inc and related companies with our FREE daily email newsletter.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “PFG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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