Press coverage about Principal Financial Group (NYSE:PFG) has been trending positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Principal Financial Group earned a news sentiment score of 0.26 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 45.8163723430231 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of analysts recently issued reports on PFG shares. Wells Fargo & Co set a $79.00 price objective on shares of Principal Financial Group and gave the stock a “buy” rating in a report on Thursday, December 7th. Keefe, Bruyette & Woods restated a “hold” rating and set a $76.00 price objective on shares of Principal Financial Group in a report on Wednesday, January 31st. Zacks Investment Research downgraded shares of Principal Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Goldman Sachs Group upgraded shares of Principal Financial Group from a “neutral” rating to a “buy” rating in a report on Tuesday, January 9th. Finally, Morgan Stanley decreased their price objective on shares of Principal Financial Group from $80.00 to $79.00 and set an “equal weight” rating for the company in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $73.56.
Principal Financial Group (NYSE PFG) traded down $0.35 on Tuesday, hitting $62.70. 1,437,343 shares of the stock traded hands, compared to its average volume of 1,580,000. The stock has a market capitalization of $18,100.00, a P/E ratio of 7.96, a price-to-earnings-growth ratio of 1.35 and a beta of 1.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.10 and a quick ratio of 0.10. Principal Financial Group has a 52-week low of $59.25 and a 52-week high of $75.58.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Monday, March 5th will be paid a $0.51 dividend. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.49. The ex-dividend date is Friday, March 2nd. This represents a $2.04 annualized dividend and a dividend yield of 3.25%. Principal Financial Group’s dividend payout ratio (DPR) is presently 24.87%.
In other news, Chairman Daniel Joseph Houston sold 19,856 shares of Principal Financial Group stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $72.02, for a total value of $1,430,029.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy Mark Dunbar sold 16,400 shares of Principal Financial Group stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $70.23, for a total transaction of $1,151,772.00. The disclosure for this sale can be found here. Insiders sold 301,958 shares of company stock valued at $21,343,156 in the last quarter. Corporate insiders own 1.50% of the company’s stock.
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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