Principal Financial Group (NYSE:PFG) CEO Larry Zimpleman sold 108,185 shares of Principal Financial Group stock on the open market in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $47.10, for a total value of $5,095,513.50. Following the completion of the transaction, the chief executive officer now directly owns 208,109 shares of the company’s stock, valued at approximately $9,801,934. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
PFG has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of Principal Financial Group from $47.00 to $52.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Principal Financial Group from $41.00 to $45.00 in a research note to investors on Friday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Principal Financial Group in a research note to investors on Friday. They now have a $49.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. Principal Financial Group has a consensus rating of “Hold” and an average target price of $41.80.
Shares of Principal Financial Group (NYSE:PFG) traded up 1.78% on Tuesday, hitting $47.92. The stock had a trading volume of 1,233,282 shares. Principal Financial Group has a 52 week low of $25.83 and a 52 week high of $44.94. The stock has a 50-day moving average of $42.58 and a 200-day moving average of $37.81. The company has a market cap of $14.060 billion and a P/E ratio of 16.10.
Principal Financial Group (NYSE:PFG) last released its earnings data on Thursday, October 24th. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.87 by $0.03. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was down 12.2% on a year-over-year basis. On average, analysts predict that Principal Financial Group will post $3.50 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 27th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Thursday, December 5th.
Principal Financial Group, Inc (NYSE:PFG) is a provider of retirement savings, investment and insurance products and services.
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