Principal Financial Group Inc (PFG) Insider Sells $313,250.00 in Stock

Principal Financial Group Inc (NYSE:PFG) insider James P. Mccaughan sold 5,000 shares of the business’s stock in a transaction dated Thursday, April 6th. The shares were sold at an average price of $62.65, for a total value of $313,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

James P. Mccaughan also recently made the following trade(s):

  • On Monday, March 6th, James P. Mccaughan sold 5,000 shares of Principal Financial Group stock. The shares were sold at an average price of $63.18, for a total value of $315,900.00.

Shares of Principal Financial Group Inc (NYSE:PFG) traded up 0.02% during midday trading on Friday, reaching $62.93. The company’s stock had a trading volume of 477,371 shares. The company has a 50 day moving average price of $62.78 and a 200-day moving average price of $58.87. The stock has a market capitalization of $18.09 billion, a PE ratio of 13.98 and a beta of 1.64. Principal Financial Group Inc has a 52 week low of $38.03 and a 52 week high of $64.65.

Principal Financial Group (NYSE:PFG) last posted its earnings results on Monday, January 30th. The financial services provider reported $1.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.12. Principal Financial Group had a net margin of 10.55% and a return on equity of 12.73%. The firm earned $3.59 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter last year, the firm earned $1.02 EPS. On average, equities research analysts expect that Principal Financial Group Inc will post $4.89 EPS for the current year.

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

The business also recently announced a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Monday, March 6th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Thursday, March 2nd. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.43. Principal Financial Group’s dividend payout ratio (DPR) is 38.22%.

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Hedge funds have recently bought and sold shares of the stock. 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 valued at $137,000 after buying an additional 52 shares during the period. Virtus Investment Advisers Inc. bought a new stake in Principal Financial Group during the third quarter valued at $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 valued at $137,000 after buying an additional 2,002 shares during the period. Cascade Investment Advisors Inc. bought a new stake in Principal Financial Group during the fourth quarter valued at $170,000. Finally, MSI Financial Services Inc increased its stake in Principal Financial Group by 17.9% in the third quarter. MSI Financial Services Inc now owns 3,103 shares of the financial services provider’s stock valued at $160,000 after buying an additional 472 shares during the period. Hedge funds and other institutional investors own 68.59% of the company’s stock.

Several equities analysts have recently commented on the company. Zacks Investment Research downgraded Principal Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 28th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $64.00 price objective on shares of Principal Financial Group in a research report on Tuesday, March 21st. Royal Bank of Canada restated a “buy” rating and issued a $64.00 price objective on shares of Principal Financial Group in a research report on Tuesday, January 3rd. Deutsche Bank AG boosted their price objective on Principal Financial Group from $54.00 to $58.00 and gave the company a “hold” rating in a research report on Monday, January 23rd. Finally, Citigroup Inc began coverage on Principal Financial Group in a research report on Thursday, January 26th. They issued a “neutral” rating and a $60.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Principal Financial Group has a consensus rating of “Hold” and an average target price of $57.82.

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.

5 Day Chart for NYSE:PFG

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