Principal Financial Group Inc (NYSE:PFG) EVP Julia M. Lawler sold 1,000 shares of the stock in a transaction on Monday, December 2nd. The shares were 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 this hyperlink.
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 stock was 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.
Shares of Principal Financial Group stock traded up $0.58 on Wednesday, hitting $52.93. The stock had a trading volume of 28,979 shares, compared to its average volume of 1,333,747. Principal Financial Group Inc has a twelve month low of $40.42 and a twelve month high of $60.81. The business’s 50 day moving average is $55.08 and its two-hundred day moving average is $55.65.
Principal Financial Group (NYSE:PFG) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.46 by ($0.23). During the same period last year, the business 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 issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend is Monday, December 2nd.
PFG has been the topic of several research analyst reports. Barclays set a $66.00 price objective on shares of Principal Financial Group and gave the company a “buy” rating in a research report on Monday, August 12th. Morgan Stanley set a $56.00 target price on shares of Principal Financial Group and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, UBS Group reduced their target price on shares of Principal Financial Group from $49.00 to $48.00 and set a “sell” rating for the company in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Principal Financial Group currently has an average rating of “Hold” and an average target price of $56.17.
Several institutional investors have recently made changes to their positions in PFG. Squarepoint Ops LLC bought a new position in shares of Principal Financial Group in the third quarter worth $8,998,000. National Pension Service grew its stake in Principal Financial Group by 5.4% during the third quarter. National Pension Service now owns 408,988 shares of the financial services provider’s stock worth $23,370,000 after buying an additional 20,857 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Principal Financial Group by 0.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 95,495 shares of the financial services provider’s stock valued at $5,457,000 after buying an additional 356 shares in the last quarter. Thor Advisors LLC acquired a new position in shares of Principal Financial Group in the 3rd quarter valued at approximately $103,000. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Principal Financial Group by 234.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 30,479 shares of the financial services provider’s stock worth $1,742,000 after acquiring an additional 21,356 shares during the period. 68.64% of the stock is owned by institutional investors.
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.
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