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%.