Media coverage about Principal Financial Group (NYSE:PFG) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Principal Financial Group earned a daily sentiment score of 0.02 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 45.2285543487096 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Several research analysts have commented on PFG shares. Zacks Investment Research raised Principal Financial Group from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Tuesday, August 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $68.00 price objective on shares of Principal Financial Group in a research note on Thursday, August 3rd. Barclays PLC upped their price objective on Principal Financial Group from $61.00 to $63.00 and gave the company an “equal weight” rating in a research note on Friday, August 11th. BidaskClub downgraded Principal Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Finally, Goldman Sachs Group, Inc. (The) began coverage on Principal Financial Group in a report on Wednesday, October 18th. They issued a “neutral” rating and a $70.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Principal Financial Group currently has a consensus rating of “Hold” and a consensus price target of $67.40.
Shares of Principal Financial Group (NYSE:PFG) traded down $0.03 during trading on Tuesday, hitting $68.03. The stock had a trading volume of 1,484,300 shares, compared to its average volume of 1,111,277. Principal Financial Group has a 1 year low of $56.12 and a 1 year high of $69.95. The stock has a market cap of $19,652.64, a price-to-earnings ratio of 13.27, a PEG ratio of 1.30 and a beta of 1.71. 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 (NYSE:PFG) last announced its earnings results on Thursday, October 26th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.02). Principal Financial Group had a net margin of 12.35% and a return on equity of 13.55%. The business had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.12 billion. During the same period in the prior year, the business earned $1.15 earnings per share. equities analysts forecast that Principal Financial Group will post 5.22 EPS for the current fiscal year.
The firm 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. The ex-dividend date is Friday, December 1st. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.47. This represents a $1.96 annualized dividend and a dividend yield of 2.88%. Principal Financial Group’s dividend payout ratio (DPR) is currently 30.82%.
In other news, insider James P. Mccaughan sold 60,814 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $62.10, for a total transaction of $3,776,549.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Daniel Joseph Houston sold 38,097 shares of the stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $68.00, for a total value of $2,590,596.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 143,537 shares of company stock valued at $9,313,955. Insiders own 1.50% of the company’s stock.
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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.
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