Today, Analysts’ Weekly Ratings Changes for Principal Financial Group (PFG)

Today, Analysts’ Weekly Ratings Changes for Principal Financial Group (PFG)
Several brokerages have updated their recommendations and price targets on shares of Principal Financial Group (NYSE: PFG) in the last few weeks:

Principal Financial Group Inc. (NYSE:PFG) traded down 0.38% during midday trading on Friday, reaching $58.19. 237,449 shares of the company’s stock traded hands. The stock has a 50-day moving average of $54.47 and a 200 day moving average of $47.68. Principal Financial Group Inc. has a 52-week low of $33.09 and a 52-week high of $58.85. The company has a market cap of $16.74 billion, a P/E ratio of 13.64 and a beta of 1.68.

Principal Financial Group (NYSE:PFG) last released its quarterly earnings data on Thursday, October 27th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.03. Principal Financial Group had a return on equity of 12.34% and a net margin of 10.63%. During the same period in the prior year, the company earned $1.06 earnings per share. On average, analysts anticipate that Principal Financial Group Inc. will post $4.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 27th. Stockholders of record on Monday, December 5th will be paid a $0.43 dividend. The ex-dividend date is Thursday, December 1st. This represents a $1.72 annualized dividend and a dividend yield of 2.94%. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.41. Principal Financial Group’s dividend payout ratio is currently 38.41%.

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