News headlines about Principal Financial Group (NYSE:PFG) have been trending positive this week, Alpha One Sentiment reports. The research firm, a unit of Accern, identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Principal Financial Group earned a news impact score of 0.39 on Alpha One’s scale. Alpha One also gave news coverage about the financial services provider an impact score of 79 out of 100, meaning that recent press coverage is likely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected AlphaOne’s rankings:
- Principal Financial Group Inc (PFG) Receives Hold Rating from Deutsche Bank AG (americanbankingnews.com)
- Principal Financial Group (PFG) Earns News Impact Score of 0.28 (americanbankingnews.com)
- Does Relative Valuation Indicate Mispricing In Principal Financial Group Inc (PFG)? (simplywall.st)
- 4 Top-Ranked Principal Financial Mutual Funds to Consider (finance.yahoo.com)
- Principal Financial Group’s (PFG) “Buy” Rating Reaffirmed at Royal Bank of Canada (americanbankingnews.com)
PFG has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and issued a $64.00 target price on shares of Principal Financial Group in a research report on Tuesday, January 3rd. Deutsche Bank AG lifted their target price on shares of Principal Financial Group from $54.00 to $58.00 and gave the stock a “hold” rating in a research report on Monday, January 23rd. Barclays PLC reaffirmed a “hold” rating and issued a $59.00 target price on shares of Principal Financial Group in a research report on Monday, January 9th. Zacks Investment Research downgraded shares of Principal Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 28th. Finally, Citigroup Inc initiated coverage on shares of Principal Financial Group in a research report on Thursday, January 26th. They issued a “neutral” rating and a $60.00 target price for the company. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $57.82.
Shares of Principal Financial Group (NYSE:PFG) traded up 1.35% during midday trading on Thursday, hitting $62.92. 1,169,022 shares of the stock were exchanged. Principal Financial Group has a 12 month low of $38.03 and a 12 month high of $64.65. The stock has a market cap of $18.09 billion, a price-to-earnings ratio of 13.98 and a beta of 1.64. The firm’s 50-day moving average is $62.78 and its 200-day moving average is $58.87.
Principal Financial Group (NYSE:PFG) last announced its earnings results on Monday, January 30th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.12. Principal Financial Group had a net margin of 10.55% and a return on equity of 12.73%. The business had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same quarter last year, the business earned $1.02 earnings per share. Equities research analysts predict that Principal Financial Group will post $4.91 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Monday, March 6th were given a $0.45 dividend. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, March 2nd. This represents a $1.80 annualized dividend and a dividend yield of 2.86%. Principal Financial Group’s dividend payout ratio (DPR) is 38.22%.
In other news, EVP Gary P. Scholten sold 20,900 shares of Principal Financial Group stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $63.10, for a total value of $1,318,790.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Deanna D. Strable-Soethout sold 9,885 shares of Principal Financial Group stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $62.70, for a total transaction of $619,789.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 62,075 shares of company stock worth $3,899,000. Company insiders own 1.78% of the company’s stock.
Principal Financial Group Company Profile
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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