Principal Financial Group Inc. (NYSE:PFG) declared a quarterly dividend on Thursday, October 27th. Investors of record on Monday, December 5th will be given a dividend of 0.43 per share on Tuesday, December 27th. This represents a $1.72 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Thursday, December 1st. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.41.

Principal Financial Group (NYSE:PFG) opened at 57.19 on Wednesday. Principal Financial Group has a 52-week low of $33.09 and a 52-week high of $58.85. The company has a 50-day moving average of $54.82 and a 200-day moving average of $47.98. The company has a market cap of $16.45 billion, a P/E ratio of 13.41 and a beta of 1.68.

Principal Financial Group (NYSE:PFG) last posted its earnings results on Thursday, October 27th. The company reported $1.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.03. Principal Financial Group had a net margin of 10.63% and a return on equity of 12.34%. During the same quarter last year, the business posted $1.06 EPS. On average, equities research analysts expect that Principal Financial Group will post $4.43 earnings per share for the current fiscal year.

Dividend History for Principal Financial Group (NYSE:PFG)

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In other news, EVP Karen E. Shaff sold 12,832 shares of the company’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $55.00, for a total value of $705,760.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gary P. Scholten sold 13,000 shares of the company’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $58.00, for a total transaction of $754,000.00. The disclosure for this sale can be found here. 1.78% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of PFG. Commonwealth Bank of Australia raised its stake in Principal Financial Group by 0.6% in the second quarter. Commonwealth Bank of Australia now owns 37,699 shares of the company’s stock valued at $1,550,000 after buying an additional 226 shares during the last quarter. BOKF NA raised its position in Principal Financial Group by 3.1% in the second quarter. BOKF NA now owns 8,815 shares of the company’s stock valued at $363,000 after buying an additional 265 shares during the last quarter. Thrivent Financial for Lutherans raised its position in Principal Financial Group by 3.7% in the second quarter. Thrivent Financial for Lutherans now owns 8,200 shares of the company’s stock valued at $337,000 after buying an additional 290 shares during the last quarter. Bank of Nova Scotia raised its position in Principal Financial Group by 6.3% in the second quarter. Bank of Nova Scotia now owns 5,400 shares of the company’s stock valued at $222,000 after buying an additional 320 shares during the last quarter. Finally, Reliance Trust Co. of Delaware raised its position in Principal Financial Group by 6.1% in the second quarter. Reliance Trust Co. of Delaware now owns 6,196 shares of the company’s stock valued at $255,000 after buying an additional 358 shares during the last quarter. Hedge funds and other institutional investors own 67.35% of the company’s stock.

A number of brokerages have recently issued reports on PFG. Barclays PLC boosted their price target on shares of Principal Financial Group from $51.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 17th. RBC Capital Markets restated a “buy” rating and issued a $61.00 price target (up previously from $52.00) on shares of Principal Financial Group in a research report on Thursday, November 17th. Royal Bank Of Canada boosted their price target on shares of Principal Financial Group from $52.00 to $61.00 and gave the stock an “outperform” rating in a research report on Thursday, November 17th. Wells Fargo & Co. restated an “outperform” rating on shares of Principal Financial Group in a research report on Friday, September 23rd. Finally, Goldman Sachs Group Inc. boosted their price target on shares of Principal Financial Group from $40.00 to $45.00 and gave the stock a “sell” rating in a research report on Friday, September 23rd. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. Principal Financial Group has a consensus rating of “Hold” and an average price target of $51.43.

About Principal Financial Group

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 services. The Company’s segments include Retirement and Income Solutions; Principal Global Investors, Principal International, and U.S.

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