Principal Financial Group Inc (PFG) Insider Nora Mary Everett Sells 17,290 Shares of Stock

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.

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

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.

ILLEGAL ACTIVITY WARNING: “Principal Financial Group Inc (PFG) Insider Nora Mary Everett Sells 17,290 Shares of Stock” was first published by Community Financial News and is owned by of Community Financial News. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The original version of this piece can be viewed at https://www.com-unik.info/2017/12/05/principal-financial-group-inc-pfg-insider-nora-mary-everett-sells-17290-shares-of-stock.html.

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)

What are top analysts saying about Principal Financial Group Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Principal Financial Group Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit