Traders are more bearish on Principal Financial Group Inc of late if you look at the rise in short interest. The firm saw a rise in short interest of 9.79% as of August 31, 2017 from the last reporting period. Short shares grew 317,553 over that period. The days to cover decreased to 4.0 and the short interest percentage is 0.01% as of August 31.
There has been some selling insider activity on Principal Financial Group Inc (NYSE:PFG) recently. James P. Mccaughan, President – Global Asset Mgmt. disclosed the sale of 60,814 shares of (PFG). The shares were sold on September 5th for an average price of $62.10. Mccaughan now owns $12,160,360 of the stock per the Form 4 SEC filing. Gary P. Scholten, EVP & Ch Info Officer reported the sale of 13,495 shares of PFG stock. The shares were purchased at an average price of $67.00. The EVP & Ch Info Officer now owns $4,300,864 of the stock according to the SEC filing.
Karen E. Shaff, EVP disclosed the sale of 30,500 shares. The shares were purchased at an average price of $65.00. Shaff now owns $5,574,400 of the stock per the Form 4 SEC filing.
Additionally, here are a few investment firms who have increased or decreased their stake in (PFG). Perigon Wealth Management, LLC trimmed its investment by selling 127 shares a decrease of 55.9% in the quarter. Perigon Wealth Management, LLC claims 100 shares valued at $6,000. The total value of its holdings decreased 57.1%. Cantab Capital Partners Llp augmented its position by buying 3,219 shares an increase of 24.6% as of 06/30/2017. Cantab Capital Partners Llp controls 16,280 shares worth $1,043,000,000. The value of the position overall is up by 126,477.7%.
As of quarter end Janus Capital Management LLC had bought a total of 2,379,695 shares growing its stake by 1,459,935.6%. The value of the company’s investment in Principal Financial Group Inc went from $9,000 to $150,193,000 increasing 1,668,711.1% since the last quarter. AHL Partners LLP cut its stake by selling 85,767 shares a decrease of 46.2% from 03/31/2017 to 06/30/2017. AHL Partners LLP owns 99,733 shares with a value of $6,390,000. The value of the position overall is down by 45.4%.
On August 11 Barclays left the company rating at “Equal-Weight” but raised the price target from $47.00 to $63.00.
The company is now up from yesterday’s close of 62.42. Principal Financial Group Inc declared a dividend to be paid on Friday the 29th of September 2017. The dividend will be $0.470 per share for the quarter or $1.88 annualized. The dividend yield will be $3.01. The ex-dividend date is Wednesday the 30th of August 2017.
The stock is trading at $62.90 marginally under $63.57, the stock’s 50 day moving average and which is just a bit below the 200 day moving average of $63.76. The 50 day moving average went down by -1.05% and the 200 day average was down $-0.86.
The P/E ratio is currently 14.30 and market capitalization is 18.18B. As of the latest earnings report the EPS was $4.40 and is estimated to be $5.19 for the current year with 288,960,000 shares now outstanding. Analysts expect next quarter’s EPS will be $1.32 and the next full year EPS is anticipated to be $5.48.
Principal Financial Group, Inc., launched on April 18, 2001, is an investment management company. The Company offers a range of financial products and services, including retirement, asset management and insurance. The Business’s segments include Retirement and Income Solutions; Principal Global Investors, Principal International; U.S. Insurance Solutions, and Corporate. The Company focuses on small and medium-sized businesses, providing a range of retirement and employee benefit solutions, and individual insurance solutions to meet the needs of the business owners and their employees. The Company offers services to businesses, individuals and institutional clients..