News headlines about Principal Financial Group (NYSE:PFG) have trended somewhat positive on Saturday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Principal Financial Group earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 46.1989236233375 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern’s analysis:
Principal Financial Group (PFG) traded up $0.55 on Friday, reaching $72.00. 1,013,660 shares of the company’s stock traded hands, compared to its average volume of 1,000,000. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.26. The firm has a market cap of $20,790.00, a PE ratio of 11.80, a PEG ratio of 1.35 and a beta of 1.72. Principal Financial Group has a 52-week low of $56.12 and a 52-week high of $72.23.
Principal Financial Group (NYSE:PFG) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.02). The company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.12 billion. Principal Financial Group had a net margin of 12.35% and a return on equity of 13.55%. During the same quarter in the previous year, the business posted $1.15 EPS. sell-side analysts expect that Principal Financial Group will post 5.22 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Monday, December 4th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 2.72%. The ex-dividend date was Friday, December 1st. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.47. Principal Financial Group’s dividend payout ratio (DPR) is presently 32.13%.
PFG has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Principal Financial Group from a “sell” rating to a “hold” rating and set a $73.00 target price for the company in a research report on Monday, October 2nd. Wells Fargo & Co set a $76.00 target price on shares of Principal Financial Group and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Goldman Sachs Group initiated coverage on shares of Principal Financial Group in a research report on Wednesday, October 18th. They set a “neutral” rating and a $70.00 target price for the company. Morgan Stanley increased their target price on shares of Principal Financial Group from $67.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 5th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $73.00 target price on shares of Principal Financial Group in a research report on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $68.80.
In other Principal Financial Group news, EVP Karen E. Shaff sold 50,561 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $69.51, for a total value of $3,514,495.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Daniel Joseph Houston sold 37,080 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $70.05, for a total transaction of $2,597,454.00. The disclosure for this sale can be found here. Insiders sold a total of 255,475 shares of company stock valued at $17,734,943 in the last 90 days. Corporate insiders own 1.50% of the company’s stock.
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About Principal Financial Group
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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