Daniel Joseph Houston Sells 19,856 Shares of Principal Financial Group Inc (PFG) Stock

Principal Financial Group Inc (NYSE:PFG) Chairman Daniel Joseph Houston sold 19,856 shares of Principal Financial Group stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $72.02, for a total transaction of $1,430,029.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Friday, January 5th, Daniel Joseph Houston sold 69,894 shares of Principal Financial Group stock. The stock was sold at an average price of $72.01, for a total transaction of $5,033,066.94.
  • 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.

Principal Financial Group Inc (PFG) opened at $73.38 on Thursday. Principal Financial Group Inc has a 52-week low of $56.12 and a 52-week high of $74.05. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.10 and a current ratio of 0.10. The firm has a market cap of $21,190.00, a P/E ratio of 12.03, a price-to-earnings-growth ratio of 1.35 and a beta of 1.72.

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

The business also recently announced 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. The ex-dividend date of this dividend was Friday, December 1st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.67%. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.47. Principal Financial Group’s dividend payout ratio (DPR) is 32.13%.

Several research firms have issued reports on PFG. Zacks Investment Research upgraded shares of Principal Financial Group from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research report on Thursday, January 4th. Wells Fargo & Co restated a “market perform” rating and issued a $76.00 price target on shares of Principal Financial Group in a research report on Monday. Goldman Sachs Group upgraded shares of Principal Financial Group from a “neutral” rating to a “buy” rating in a research report on Tuesday. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $73.00 price objective on shares of Principal Financial Group in a research report on Monday, December 11th. Finally, Morgan Stanley lifted their price objective on shares of Principal Financial Group from $67.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $68.50.

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Principal Financial Group by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 30,237,096 shares of the financial services provider’s stock valued at $1,937,291,000 after buying an additional 587,221 shares during the period. BlackRock Inc. boosted its stake in shares of Principal Financial Group by 3.3% during the 2nd quarter. BlackRock Inc. now owns 18,306,790 shares of the financial services provider’s stock valued at $1,172,916,000 after buying an additional 592,172 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Principal Financial Group by 6,656.1% during the 2nd quarter. Janus Henderson Group PLC now owns 3,020,597 shares of the financial services provider’s stock valued at $193,529,000 after buying an additional 2,975,888 shares during the period. Schroder Investment Management Group boosted its stake in shares of Principal Financial Group by 17.0% during the 3rd quarter. Schroder Investment Management Group now owns 1,807,710 shares of the financial services provider’s stock valued at $115,693,000 after buying an additional 262,065 shares during the period. Finally, Allianz Asset Management GmbH boosted its stake in shares of Principal Financial Group by 29.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,607,888 shares of the financial services provider’s stock valued at $103,451,000 after buying an additional 365,068 shares during the period. 68.64% of the stock is owned by institutional investors.

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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.

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

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