Luis E. Valdes Sells 10,375 Shares of Principal Financial Group Inc (PFG) Stock

Principal Financial Group Inc (NYSE:PFG) insider Luis E. Valdes sold 10,375 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $64.00, for a total value of $664,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Luis E. Valdes also recently made the following trade(s):

  • On Thursday, April 20th, Luis E. Valdes sold 60,911 shares of Principal Financial Group stock. The shares were sold at an average price of $63.00, for a total value of $3,837,393.00.
  • On Thursday, April 13th, Luis E. Valdes sold 10,000 shares of Principal Financial Group stock. The shares were sold at an average price of $62.00, for a total value of $620,000.00.

Principal Financial Group Inc (NYSE:PFG) traded up 0.31% on Friday, hitting $60.74. The stock had a trading volume of 723,284 shares. The stock has a market cap of $17.51 billion, a P/E ratio of 13.68 and a beta of 1.64. Principal Financial Group Inc has a one year low of $38.03 and a one year high of $65.67. The company’s 50-day moving average is $63.30 and its 200-day moving average is $60.49.

Principal Financial Group (NYSE:PFG) last posted its quarterly earnings results on Thursday, April 27th. The financial services provider reported $1.27 EPS for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.08. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.16 billion. Principal Financial Group had a return on equity of 12.73% and a net margin of 10.55%. During the same period last year, the firm earned $0.97 earnings per share. On average, analysts anticipate that Principal Financial Group Inc will post $5.05 earnings per share for the current fiscal year.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Monday, June 5th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 3.04%. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, June 1st. Principal Financial Group’s dividend payout ratio (DPR) is 38.22%.

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A number of institutional investors have recently bought and sold shares of PFG. BlackRock Inc. increased its position in Principal Financial Group by 2,276.3% in the first quarter. BlackRock Inc. now owns 17,714,618 shares of the financial services provider’s stock worth $1,117,969,000 after buying an additional 16,969,140 shares during the period. Capital Research Global Investors increased its position in shares of Principal Financial Group by 31.3% in the third quarter. Capital Research Global Investors now owns 8,231,000 shares of the financial services provider’s stock worth $423,979,000 after buying an additional 1,960,000 shares during the last quarter. Janus Capital Management LLC increased its position in shares of Principal Financial Group by 399.3% in the first quarter. Janus Capital Management LLC now owns 2,379,858 shares of the financial services provider’s stock worth $150,193,000 after buying an additional 1,903,190 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Principal Financial Group by 6.7% in the first quarter. Vanguard Group Inc. now owns 29,649,875 shares of the financial services provider’s stock worth $1,871,204,000 after buying an additional 1,862,125 shares during the last quarter. Finally, State Street Corp increased its position in shares of Principal Financial Group by 14.4% in the fourth quarter. State Street Corp now owns 13,498,929 shares of the financial services provider’s stock worth $781,033,000 after buying an additional 1,698,389 shares during the last quarter. Institutional investors and hedge funds own 68.59% of the company’s stock.

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $64.00 price objective on shares of Principal Financial Group in a report on Tuesday, March 21st. Zacks Investment Research raised Principal Financial Group from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research note on Monday, February 6th. Deutsche Bank AG boosted their target price on Principal Financial Group from $54.00 to $58.00 and gave the stock a “hold” rating in a research note on Monday, January 23rd. Citigroup Inc started coverage on Principal Financial Group in a research note on Thursday, January 26th. They set a “neutral” rating and a $60.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their target price on Principal Financial Group from $53.00 to $56.00 and gave the stock an “underweight” rating in a research note on Monday, April 3rd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $57.82.

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.

5 Day Chart for NYSE:PFG

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