Key Points
- CEO Deanna Strable-Soethout sold 8,025 shares on January 22 at an average price of $92.56, totaling $742,794.00.
- Following the sale the CEO directly owns 54,227 shares—a 12.89% decrease in her stake—and the transaction was disclosed in an SEC Form 4 filing.
- PFG is trading near its 52‑week high (~$93) with a market cap of $20.72B and a P/E of 13.92, while analysts' consensus rating is "Reduce" with a $92.88 target.
Principal Financial Group, Inc. (NYSE:PFG - Get Free Report) CEO Deanna Strable-Soethout sold 8,025 shares of Principal Financial Group stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $92.56, for a total value of $742,794.00. Following the completion of the transaction, the chief executive officer directly owned 54,227 shares of the company's stock, valued at $5,019,251.12. This represents a 12.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Principal Financial Group Stock Performance
PFG opened at $93.00 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.30 and a current ratio of 0.29. Principal Financial Group, Inc. has a 52-week low of $68.39 and a 52-week high of $93.09. The firm has a market cap of $20.72 billion, a P/E ratio of 13.92, a price-to-earnings-growth ratio of 0.76 and a beta of 0.89. The business's fifty day moving average is $88.37 and its 200-day moving average is $83.33.
Principal Financial Group (NYSE:PFG - Get Free Report) last posted its quarterly earnings results on Monday, October 27th. The company reported $2.32 EPS for the quarter, beating analysts' consensus estimates of $2.20 by $0.12. Principal Financial Group had a return on equity of 14.68% and a net margin of 9.74%.During the same period in the prior year, the firm earned $2.05 earnings per share. Sell-side analysts expect that Principal Financial Group, Inc. will post 8.5 EPS for the current fiscal year.
Institutional Investors Weigh In On Principal Financial Group
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Principal Financial Group in the fourth quarter valued at about $26,000. Traub Capital Management LLC acquired a new position in shares of Principal Financial Group in the second quarter valued at approximately $26,000. Capital A Wealth Management LLC raised its holdings in Principal Financial Group by 5,533.3% in the 2nd quarter. Capital A Wealth Management LLC now owns 338 shares of the company's stock valued at $27,000 after buying an additional 332 shares during the last quarter. American National Bank & Trust bought a new position in Principal Financial Group in the 2nd quarter valued at approximately $28,000. Finally, Curio Wealth LLC boosted its position in Principal Financial Group by 37,800.0% during the 2nd quarter. Curio Wealth LLC now owns 379 shares of the company's stock worth $30,000 after buying an additional 378 shares during the period. Institutional investors own 75.08% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their price target on shares of Principal Financial Group from $90.00 to $91.00 and gave the stock a "market perform" rating in a research report on Thursday, October 30th. Morgan Stanley set a $93.00 target price on Principal Financial Group in a report on Monday, December 15th. UBS Group boosted their price target on Principal Financial Group from $88.00 to $92.00 and gave the stock a "neutral" rating in a report on Thursday, January 8th. Piper Sandler upped their price objective on Principal Financial Group from $94.00 to $100.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 23rd. Finally, Barclays reiterated an "underweight" rating and issued a $85.00 target price on shares of Principal Financial Group in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Principal Financial Group presently has an average rating of "Reduce" and a consensus target price of $92.88.
View Our Latest Stock Analysis on PFG
Principal Financial Group Company Profile
(
Get Free Report)
Principal Financial Group, commonly known as Principal, is a global financial services company headquartered in Des Moines, Iowa. The firm provides a broad range of retirement, investment management and insurance solutions for individual, employer and institutional clients. Its core businesses include retirement plan services and recordkeeping, asset management, and life and disability insurance, supported by distribution through employers, financial advisors and direct channels.
On the retirement side, Principal offers 401(k) and other workplace retirement plans, individual retirement accounts and annuity products designed to help clients accumulate and manage retirement savings.
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