Insider Selling: Principal Financial Group Inc (PFG) Chairman Sells 69,894 Shares of Stock

Principal Financial Group Inc (NYSE:PFG) Chairman Daniel Joseph Houston sold 69,894 shares of Principal Financial Group stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $72.01, for a total transaction of $5,033,066.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Daniel Joseph Houston also recently made the following trade(s):

  • On Monday, January 8th, Daniel Joseph Houston sold 19,856 shares of Principal Financial Group stock. The stock was sold at an average price of $72.02, for a total transaction of $1,430,029.12.
  • On Tuesday, November 28th, Daniel Joseph Houston sold 37,080 shares of Principal Financial Group stock. The stock was sold at an average price of $70.05, for a total transaction of $2,597,454.00.
  • On Wednesday, October 18th, Daniel Joseph Houston sold 38,097 shares of Principal Financial Group stock. The stock was sold at an average price of $68.00, for a total transaction of $2,590,596.00.

Shares of Principal Financial Group Inc (NYSE PFG) opened at $74.21 on Tuesday. 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 Inc has a 12 month low of $56.12 and a 12 month high of $74.40. The company has a market cap of $21,430.00, a P/E ratio of 12.17, a price-to-earnings-growth ratio of 1.35 and a beta of 1.72.

Principal Financial Group (NYSE:PFG) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.28 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.02). Principal Financial Group had a net margin of 12.35% and a return on equity of 13.55%. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same quarter in the previous year, the firm posted $1.15 earnings per share. equities research analysts predict that Principal Financial Group Inc will post 5.22 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Monday, December 4th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 2.64%. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Friday, December 1st. Principal Financial Group’s payout ratio is presently 32.13%.

A number of hedge funds and other institutional investors have recently made changes to their positions in PFG. Pacer Advisors Inc. lifted its stake in shares of Principal Financial Group by 0.7% in the 2nd quarter. Pacer Advisors Inc. now owns 5,569 shares of the financial services provider’s stock valued at $357,000 after purchasing an additional 38 shares during the period. Cookson Peirce & Co. Inc. lifted its stake in shares of Principal Financial Group by 0.8% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 6,660 shares of the financial services provider’s stock valued at $427,000 after purchasing an additional 50 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Principal Financial Group by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,914 shares of the financial services provider’s stock valued at $1,276,000 after purchasing an additional 82 shares during the period. Veritable L.P. lifted its stake in shares of Principal Financial Group by 4.0% in the 2nd quarter. Veritable L.P. now owns 6,137 shares of the financial services provider’s stock valued at $393,000 after purchasing an additional 235 shares during the period. Finally, Neuberger Berman Group LLC lifted its stake in shares of Principal Financial Group by 3.2% in the 2nd quarter. Neuberger Berman Group LLC now owns 8,540 shares of the financial services provider’s stock valued at $547,000 after purchasing an additional 266 shares during the period. Institutional investors and hedge funds own 68.64% of the company’s stock.

A number of analysts recently commented on the stock. Zacks Investment Research cut shares of Principal Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $73.00 target price on shares of Principal Financial Group in a research note on Monday, December 11th. Wells Fargo & Co cut shares of Principal Financial Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 9th. Goldman Sachs Group assumed coverage on shares of Principal Financial Group in a research note on Wednesday, October 18th. They issued a “neutral” rating and a $70.00 target price for the company. Finally, Morgan Stanley lifted their target price on shares of Principal Financial Group from $67.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Principal Financial Group presently has an average rating of “Hold” and a consensus price target of $68.90.

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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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