Principal Financial Group Inc (NYSE:PFG) EVP Julia M. Lawler sold 1,000 shares of Principal Financial Group stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $51.50, for a total transaction of $51,500.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
NYSE PFG traded down $0.27 on Wednesday, hitting $56.16. 980,818 shares of the company were exchanged, compared to its average volume of 1,575,081. The stock’s fifty day moving average is $55.15. Principal Financial Group Inc has a 12 month low of $40.42 and a 12 month high of $61.12.
Principal Financial Group (NYSE:PFG) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.11. The company had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.66 billion. During the same quarter last year, the business posted $1.40 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be given a $0.54 dividend. The ex-dividend date is Friday, May 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.85%.
Several hedge funds have recently added to or reduced their stakes in PFG. FTB Advisors Inc. lifted its position in Principal Financial Group by 377.3% in the first quarter. FTB Advisors Inc. now owns 525 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 415 shares during the period. NuWave Investment Management LLC increased its stake in shares of Principal Financial Group by 464.4% in the first quarter. NuWave Investment Management LLC now owns 570 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 469 shares during the last quarter. Thor Advisors LLC acquired a new position in shares of Principal Financial Group in the first quarter worth $38,000. Transamerica Financial Advisors Inc. increased its stake in shares of Principal Financial Group by 644.9% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 797 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 690 shares during the last quarter. Finally, Pittenger & Anderson Inc. acquired a new position in shares of Principal Financial Group in the first quarter worth $40,000. Institutional investors own 68.64% of the company’s stock.
Several research firms recently commented on PFG. Zacks Investment Research raised shares of Principal Financial Group from a “sell” rating to a “hold” rating and set a $59.00 price objective on the stock in a research report on Wednesday, April 3rd. UBS Group lifted their price target on shares of Principal Financial Group from $45.00 to $48.00 and gave the company a “sell” rating in a research note on Tuesday, April 9th. Finally, Royal Bank of Canada lifted their price target on shares of Principal Financial Group to $55.00 and gave the company a “market perform” rating in a research note on Monday, April 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $57.50.
About Principal Financial Group
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.
See Also: Straddles
Receive News & Ratings for Principal Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Principal Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.