Insider Selling: Principal Financial Group Inc (NYSE:PFG) EVP Sells 1,000 Shares of Stock

Principal Financial Group Inc (NYSE:PFG) EVP Julia M. Lawler sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $54.63, for a total value of $54,630.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Julia M. Lawler also recently made the following trade(s):

  • On Friday, November 1st, Julia M. Lawler sold 1,000 shares of Principal Financial Group stock. The shares were sold at an average price of $53.94, for a total transaction of $53,940.00.
  • On Tuesday, October 1st, Julia M. Lawler sold 1,000 shares of Principal Financial Group stock. The shares were sold at an average price of $57.56, for a total transaction of $57,560.00.

Principal Financial Group stock traded up $0.58 during midday trading on Wednesday, reaching $52.93. 28,979 shares of the stock traded hands, compared to its average volume of 1,333,747. The stock’s fifty day moving average is $55.08 and its 200-day moving average is $55.65. Principal Financial Group Inc has a 12 month low of $40.42 and a 12 month high of $60.81.

Principal Financial Group (NYSE:PFG) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.46 by ($0.23). During the same period last year, the company earned $1.67 earnings per share.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.55 per share. The ex-dividend date is Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.16%.

A number of equities analysts recently weighed in on PFG shares. Morgan Stanley set a $56.00 target price on shares of Principal Financial Group and gave the stock a “hold” rating in a research report on Friday, October 25th. Barclays set a $66.00 price target on shares of Principal Financial Group and gave the company a “buy” rating in a report on Monday, August 12th. Finally, UBS Group decreased their price target on shares of Principal Financial Group from $49.00 to $48.00 and set a “sell” rating on the stock in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Principal Financial Group currently has a consensus rating of “Hold” and a consensus price target of $56.17.

Hedge funds and other institutional investors have recently bought and sold shares of the company. SRS Capital Advisors Inc. purchased a new position in shares of Principal Financial Group during the second quarter valued at approximately $25,000. Strategic Blueprint LLC bought a new stake in Principal Financial Group during the 3rd quarter valued at about $26,000. Virtus ETF Advisers LLC boosted its position in Principal Financial Group by 73.0% in the 2nd quarter. Virtus ETF Advisers LLC now owns 602 shares of the financial services provider’s stock valued at $35,000 after buying an additional 254 shares during the period. QCI Asset Management Inc. NY grew its stake in Principal Financial Group by 620.0% in the 2nd quarter. QCI Asset Management Inc. NY now owns 756 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 651 shares in the last quarter. Finally, Personal Wealth Partners bought a new position in Principal Financial Group in the 2nd quarter worth about $51,000. Hedge funds and other institutional investors own 68.64% of the company’s stock.

Principal Financial Group Company Profile

Principal Financial Group, Inc provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments.

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

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