Principal Financial Group (NYSE:PFG – Get Free Report) released its earnings results on Thursday. The company reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.24), Briefing.com reports. Principal Financial Group had a return on equity of 15.06% and a net margin of 8.70%. The company had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $3.78 billion. During the same period in the prior year, the company posted $1.53 earnings per share.
Principal Financial Group Price Performance
PFG traded down $2.89 on Friday, hitting $81.53. 1,833,411 shares of the company’s stock traded hands, compared to its average volume of 1,106,820. The company’s 50 day simple moving average is $81.20 and its 200-day simple moving average is $81.05. The firm has a market cap of $19.11 billion, a price-to-earnings ratio of 15.66, a P/E/G ratio of 0.92 and a beta of 1.21. Principal Financial Group has a one year low of $66.21 and a one year high of $88.26. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.35.
Principal Financial Group Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, September 5th will be given a dividend of $0.72 per share. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.71. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.53%. Principal Financial Group’s payout ratio is presently 54.20%.
Analyst Ratings Changes
Get Our Latest Analysis on PFG
About Principal Financial Group
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 Asset Management, and Benefits and Protection segments. The Retirement and Income Solutions segment provides retirement, and related financial products and services.
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