Principal Financial Group (PFG) Given Daily Media Sentiment Rating of 0.32

Media headlines about Principal Financial Group (NYSE:PFG) have trended positive on Saturday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Principal Financial Group earned a news impact score of 0.32 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 45.6851128711402 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Principal Financial Group (NYSE PFG) traded up $0.78 during trading hours on Friday, reaching $63.15. The company had a trading volume of 984,436 shares, compared to its average volume of 1,630,000. The stock has a market capitalization of $18,520.00, a price-to-earnings ratio of 8.11, a PEG ratio of 1.35 and a beta of 1.58. Principal Financial Group has a 52-week low of $59.25 and a 52-week high of $75.58. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.10 and a current ratio of 0.10.

Principal Financial Group (NYSE:PFG) last released its earnings results on Monday, January 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.18). The company had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Principal Financial Group had a net margin of 12.35% and a return on equity of 13.55%. During the same quarter last year, the business posted $1.27 earnings per share. equities analysts anticipate that Principal Financial Group will post 5.22 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Monday, March 5th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, March 2nd. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.49. This represents a $2.04 dividend on an annualized basis and a yield of 3.23%. Principal Financial Group’s dividend payout ratio (DPR) is 25.16%.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Principal Financial Group from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Friday, January 12th. Wells Fargo & Co cut Principal Financial Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 9th. Goldman Sachs Group raised Principal Financial Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $73.00 price objective on shares of Principal Financial Group in a research note on Monday, December 11th. Finally, Morgan Stanley dropped their price objective on Principal Financial Group from $80.00 to $79.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $73.56.

In related news, EVP Gary P. Scholten sold 24,310 shares of Principal Financial Group stock in a transaction on Monday, January 8th. The stock was sold at an average price of $71.59, for a total value of $1,740,352.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Daniel Joseph Houston sold 19,856 shares of Principal Financial Group stock in a transaction on Monday, January 8th. The shares were sold at an average price of $72.02, for a total value of $1,430,029.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 301,958 shares of company stock valued at $21,343,156. 1.50% of the stock is currently owned by company insiders.

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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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