Principal Financial Group (PFG) to Release Quarterly Earnings on Thursday

Principal Financial Group (NYSE:PFG) will be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.25 per share for the quarter.

Principal Financial Group (NYSE:PFG) last issued its quarterly earnings data on Tuesday, January 29th. The financial services provider reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.18). The business had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same period in the prior year, the business posted $1.19 EPS.

Shares of Principal Financial Group stock opened at $55.55 on Wednesday. Principal Financial Group has a fifty-two week low of $40.42 and a fifty-two week high of $62.07.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 4th were given a $0.54 dividend. The ex-dividend date was Friday, March 1st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.89%.

In related news, EVP Julia M. Lawler sold 1,000 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $50.74, for a total transaction of $50,740.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 3,000 shares of company stock valued at $153,290. Insiders own 1.50% of the company’s stock.

A number of research analysts have weighed in on PFG shares. TheStreet upgraded shares of Principal Financial Group from a “c+” rating to a “b-” rating in a research report on Monday, January 28th. Zacks Investment Research upgraded shares of Principal Financial Group from a “sell” rating to a “hold” rating and set a $59.00 price objective for the company in a research report on Wednesday, April 3rd. UBS Group downgraded shares of Principal Financial Group from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $46.00 to $45.00 in a research report on Tuesday, February 5th. Finally, Goldman Sachs Group downgraded shares of Principal Financial Group from a “buy” rating to a “neutral” rating and set a $50.00 price objective for the company. in a research report on Tuesday, January 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $57.56.

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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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Earnings History for Principal Financial Group (NYSE:PFG)

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