Insider Selling: Principal Financial Group Inc (NYSE:PFG) EVP Sells 1,000 Shares of Stock

Principal Financial Group Inc (NYSE:PFG) EVP Julia M. Lawler sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $51.50, for a total value of $51,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Principal Financial Group stock traded up $1.12 during mid-day trading on Friday, hitting $57.92. The company’s stock had a trading volume of 1,087,006 shares, compared to its average volume of 1,569,743. The company has a 50 day simple moving average of $55.20. Principal Financial Group Inc has a one year low of $40.42 and a one year high of $61.12.

Principal Financial Group (NYSE:PFG) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.11. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same period last year, the company earned $1.40 EPS.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend is Friday, May 31st.

A number of institutional investors have recently made changes to their positions in PFG. FTB Advisors Inc. raised its stake in Principal Financial Group by 377.3% in the first quarter. FTB Advisors Inc. now owns 525 shares of the financial services provider’s stock valued at $26,000 after buying an additional 415 shares during the last quarter. NuWave Investment Management LLC raised its stake in shares of Principal Financial Group by 464.4% in the first quarter. NuWave Investment Management LLC now owns 570 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 469 shares during the last quarter. Transamerica Financial Advisors Inc. raised its stake in shares of Principal Financial Group by 644.9% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 797 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 690 shares during the last quarter. Thor Advisors LLC purchased a new position in shares of Principal Financial Group in the first quarter worth about $38,000. Finally, Pittenger & Anderson Inc. purchased a new position in shares of Principal Financial Group in the first quarter worth about $40,000. 68.64% of the stock is currently owned by institutional investors.

Several analysts have recently issued reports on PFG shares. Royal Bank of Canada upped their price objective on Principal Financial Group to $55.00 and gave the stock a “market perform” rating in a report on Monday, April 29th. UBS Group cut their target price on Principal Financial Group from $51.00 to $50.00 and set a “sell” rating on the stock in a research report on Tuesday, May 7th. Finally, Zacks Investment Research raised Principal Financial Group from a “sell” rating to a “hold” rating and set a $59.00 target price on the stock in a research report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $57.50.

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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