- 7/13/2022 – Principal Financial Group had its worth purpose lowered by analysts at Barclays PLC from $85.00 to $78.00. They now have an “chubby” rating on the stock.
- 7/11/2022 – Principal Financial Group had its worth purpose lowered by analysts at Royal Monetary establishment of Canada from $79.00 to $70.00.
- 7/11/2022 – Principal Financial Group had its worth purpose lowered by analysts at JPMorgan Chase & Co. from $72.00 to $69.00.
- 7/8/2022 – Principal Financial Group had its worth purpose lowered by analysts at Piper Sandler from $74.00 to $72.00. They now have a “neutral” rating on the stock.
- 7/6/2022 – Principal Financial Group had its worth purpose lowered by analysts at Evercore ISI from $78.00 to $72.00. They now have an “in-line” rating on the stock.
- 7/6/2022 – Principal Financial Group had its worth purpose lowered by analysts at Morgan Stanley from $72.00 to $65.00. They now have an “equal weight” rating on the stock.
- 5/23/2022 – Principal Financial Group is now coated by analysts at Citigroup Inc.. They set a “promote” rating and a $63.00 worth purpose on the stock.
Principal Financial Group Stock Effectivity
Shares of PFG opened at $62.69 on Monday. The company has a market cap of $15.84 billion, a PE ratio of 10.75, a P/E/G ratio of 1.23 and a beta of 1.43. The company has a gift ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.36. The stock has a fifty day shifting widespread worth of $68.12 and a 200-day shifting widespread worth of $70.94. Principal Financial Group, Inc. has a 12 month low of $58.66 and a 12 month extreme of $80.36.
Principal Financial Group (NASDAQ:PFG – Get Rating) closing launched its quarterly earnings outcomes on Thursday, April twenty eighth. The company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.12. Principal Financial Group had a return on equity of 12.25% and a web margin of 11.08%. The company had earnings of $3.27 billion for the quarter, compared with the consensus estimate of $3.57 billion. All through the equivalent interval closing yr, the company earned $1.53 EPS. Equities evaluation analysts predict that Principal Financial Group, Inc. will put up 6.28 earnings per share for the current fiscal yr.
Principal Financial Group Declares Dividend
The enterprise moreover not too way back launched a quarterly dividend, which was paid on Friday, June twenty fourth. Consumers of file on Thursday, June 2nd had been issued a $0.64 dividend. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $2.56 annualized dividend and a yield of 4.08%. Principal Financial Group’s dividend payout ratio (DPR) is presently 43.91%.
Insider Train at Principal Financial Group
In related data, EVP Wee Yee Cheong provided 10,000 shares of the enterprise’s stock in a transaction on Wednesday, Would possibly twenty fifth. The shares had been provided at a imply worth of $71.00, for a whole transaction of $710.000.00. Following the completion of the transaction, the chief vice chairman now owns 37,093 shares throughout the agency, valued at $2,633,603. The sale was disclosed in a licensed submitting with the SEC, which is accessible via the SEC website. 1.17% of the stock is owned by insiders.
Institutional Shopping for and promoting of Principal Financial Group
Large merchants haven’t too way back modified their holdings of the enterprise. Acropolis Funding Administration LLC raised its stake in Principal Financial Group by 6.8% all through the second quarter. Acropolis Funding Administration LLC now owns 14,936 shares of the company’s stock value $998,000 after shopping for an additional 948 shares all through the interval. IFM Consumers Pty Ltd raised its stake in shares of Principal Financial Group by 4.0% throughout the 2nd quarter. IFM Consumers Pty Ltd now owns 49,954 shares of the company’s stock valued at $3,336,000 after shopping for an additional 1,940 shares all through the interval. Private Advisor Group LLC raised its stake in shares of Principal Financial Group by 2.9% throughout the 2nd quarter. Private Advisor Group LLC now owns 35,278 shares of the company’s stock valued at $2,357,000 after shopping for an additional 999 shares all through the interval. Unison Advisors LLC grew its holdings in Principal Financial Group by 0.9% all through the 2nd quarter. Unison Advisors LLC now owns 53,689 shares of the company’s stock valued at $3,586,000 after shopping for an additional 460 shares throughout the closing quarter. Lastly, Cambridge Funding Evaluation Advisors Inc. grew its holdings in Principal Financial Group by 10.7% all through the 2nd quarter. Cambridge Funding Evaluation Advisors Inc. now owns 66,145 shares of the company’s stock valued at $4,418,000 after shopping for an additional 6,377 shares throughout the closing quarter. 77.69% of the stock is presently owned by institutional merchants and hedge funds.
Principal Financial Group, Inc provides retirement, asset administration, and insurance coverage protection companies to corporations, individuals, and institutional customers worldwide. The company operates via Retirement and Earnings Choices, Principal World Consumers, Principal Worldwide, and US Insurance coverage protection Choices segments.
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