Somewhat Positive News Coverage Somewhat Unlikely to Impact Principal Financial Group (PFG) Share Price
Media coverage about Principal Financial Group (NYSE:PFG) has been trending somewhat positive on Wednesday, Accern Sentiment reports. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of 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 0.14 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 48.0629342725174 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have effected Accern’s rankings:
- Principal Financial Group Inc (NYSE:PFG) Insider Sells 12398 Shares of Stock – Newburgh Gazette (newburghgazette.com)
- Principal Financial Group Inc. Profit Rises 11% In Q3 (rttnews.com)
- Principal Financial Group, Inc. 2017 Q3 – Results – Earnings Call Slides (seekingalpha.com)
- Principal Financial Group To Buy MetLife Afore In Mexico – Quick Facts – Nasdaq (nasdaq.com)
- Validea John Neff Strategy Daily Upgrade Report – 10/28/2017 – Nasdaq (nasdaq.com)
Shares of Principal Financial Group (NYSE PFG) opened at 65.85 on Wednesday. The stock has a market cap of $19.03 billion, a price-to-earnings ratio of 14.97 and a beta of 1.67. The stock’s 50 day moving average is $65.57 and its 200 day moving average is $64.49. Principal Financial Group has a 52-week low of $52.67 and a 52-week high of $69.20.
Principal Financial Group (NYSE:PFG) last released its earnings results on Thursday, October 26th. The financial services provider reported $1.28 EPS for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.02). Principal Financial Group had a return on equity of 13.97% and a net margin of 12.35%. The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same period last year, the firm earned $1.15 EPS. On average, equities analysts predict that Principal Financial Group will post $5.22 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Monday, December 4th will be issued a dividend of $0.49 per share. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, December 1st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.98%. Principal Financial Group’s payout ratio is 30.82%.
A number of equities analysts have weighed in on the company. Wells Fargo & Company set a $76.00 target price on Principal Financial Group and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Goldman Sachs Group, Inc. (The) assumed coverage on Principal Financial Group in a research report on Wednesday, October 18th. They issued a “neutral” rating and a $70.00 target price for the company. Morgan Stanley boosted their target price on Principal Financial Group from $67.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 5th. Zacks Investment Research raised Principal Financial Group from a “sell” rating to a “hold” rating and set a $73.00 target price for the company in a research report on Monday, October 2nd. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $74.00 target price on shares of Principal Financial Group in a research report on Wednesday, September 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $67.40.
In related news, Chairman Daniel Joseph Houston sold 38,097 shares of Principal Financial Group stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $68.00, for a total transaction of $2,590,596.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James P. Mccaughan sold 60,817 shares of Principal Financial Group stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $66.98, for a total value of $4,073,522.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 204,354 shares of company stock valued at $13,387,478. 1.50% of the stock is owned by company insiders.
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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