Principal Financial Group Inc (NYSE:PFG) EVP Sells $52,950.00 in Stock

Principal Financial Group Inc (NYSE:PFG) EVP Julia M. Lawler sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $52.95, for a total value of $52,950.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Julia M. Lawler also recently made the following trade(s):

  • On Thursday, August 1st, Julia M. Lawler sold 1,000 shares of Principal Financial Group stock. The shares were sold at an average price of $57.99, for a total value of $57,990.00.
  • On Monday, July 1st, Julia M. Lawler sold 1,000 shares of Principal Financial Group stock. The shares were sold at an average price of $58.54, for a total value of $58,540.00.

Shares of PFG opened at $57.93 on Friday. Principal Financial Group Inc has a 12 month low of $40.42 and a 12 month high of $61.12. The company has a 50-day moving average price of $54.88 and a two-hundred day moving average price of $54.77.

Principal Financial Group (NYSE:PFG) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.12. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter in the prior year, the business earned $1.35 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, September 5th will be issued a dividend of $0.55 per share. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.54. The ex-dividend date is Wednesday, September 4th. This represents a $2.20 annualized dividend and a dividend yield of 3.80%.

Several equities research analysts have recently issued reports on PFG shares. Zacks Investment Research raised Principal Financial Group from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Tuesday, July 2nd. Barclays set a $66.00 price target on Principal Financial Group and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, Morgan Stanley reduced their target price on shares of Principal Financial Group from $59.00 to $57.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Principal Financial Group currently has an average rating of “Hold” and an average target price of $57.29.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Krueger & Catalano Capital Partners LLC increased its holdings in shares of Principal Financial Group by 3.7% in the second quarter. Krueger & Catalano Capital Partners LLC now owns 4,750 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 171 shares in the last quarter. Unison Advisors LLC increased its holdings in shares of Principal Financial Group by 1.0% in the second quarter. Unison Advisors LLC now owns 19,934 shares of the financial services provider’s stock valued at $1,154,000 after purchasing an additional 206 shares in the last quarter. Securian Asset Management Inc increased its holdings in shares of Principal Financial Group by 0.8% in the second quarter. Securian Asset Management Inc now owns 26,682 shares of the financial services provider’s stock valued at $1,545,000 after purchasing an additional 209 shares in the last quarter. Ropes Wealth Advisors LLC increased its holdings in shares of Principal Financial Group by 5.3% in the second quarter. Ropes Wealth Advisors LLC now owns 4,709 shares of the financial services provider’s stock valued at $273,000 after purchasing an additional 239 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Principal Financial Group by 1.1% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 23,463 shares of the financial services provider’s stock valued at $1,178,000 after purchasing an additional 247 shares in the last quarter. 68.64% of the stock is owned by institutional investors.

Principal Financial Group Company Profile

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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Insider Buying and Selling by Quarter for Principal Financial Group (NYSE:PFG)

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