Principal Financial Group Inc (NYSE:PFG) insider Nora Mary Everett sold 17,290 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $70.16, for a total value of $1,213,066.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Nora Mary Everett also recently made the following trade(s):
- On Wednesday, October 18th, Nora Mary Everett sold 12,398 shares of Principal Financial Group stock. The shares were sold at an average price of $68.00, for a total value of $843,064.00.
Principal Financial Group Inc (PFG) opened at $70.85 on Tuesday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.26. Principal Financial Group Inc has a 12-month low of $56.12 and a 12-month high of $72.23. The firm has a market capitalization of $20,362.98, a P/E ratio of 13.75, a PEG ratio of 1.35 and a beta of 1.71.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Monday, December 4th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.77%. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, December 1st. Principal Financial Group’s dividend payout ratio is presently 32.13%.
Several equities analysts have issued reports on the company. Wells Fargo & Company set a $76.00 price target on Principal Financial Group and gave the company a “buy” rating in a research note on Wednesday, October 18th. Goldman Sachs Group assumed coverage on Principal Financial Group in a research note on Wednesday, October 18th. They issued a “neutral” rating and a $70.00 price target on the stock. Zacks Investment Research lowered Principal Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Morgan Stanley boosted their price target on Principal Financial Group from $67.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Finally, BidaskClub lowered Principal Financial Group from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $67.40.
Large investors have recently modified their holdings of the company. BerganKDV Wealth Management LLC acquired a new position in shares of Principal Financial Group during the third quarter worth approximately $384,000. State of Tennessee Treasury Department raised its position in Principal Financial Group by 25.7% in the 2nd quarter. State of Tennessee Treasury Department now owns 129,360 shares of the financial services provider’s stock valued at $8,288,000 after buying an additional 26,432 shares during the last quarter. Swiss National Bank raised its position in Principal Financial Group by 3.0% in the 2nd quarter. Swiss National Bank now owns 1,050,263 shares of the financial services provider’s stock valued at $67,290,000 after buying an additional 30,900 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in Principal Financial Group in the 2nd quarter valued at $2,210,000. Finally, Chicago Equity Partners LLC purchased a new stake in Principal Financial Group in the 2nd quarter valued at $2,880,000. 68.81% of the stock is currently owned by institutional investors.
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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