Principal Financial Group Inc (PFG) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Principal Financial Group Inc (PFG) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $0.97 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.99. The company posted revenue of $2937.90 million in the period, compared to analysts expectations of $2869.38 million. The company’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS.

Many Wall Street Analysts have commented on Principal Financial Group Inc. Principal Financial Group Inc was Downgraded by Atlantic Equities to ” Neutral” on Feb 26, 2016. Shares were Reiterated by Piper Jaffray on Feb 8, 2016 to “Neutral” and Lowered the Price Target to $ 48 from a previous price target of $50 .Shares were Reiterated by RBC Capital Mkts on Feb 2, 2016 to “Outperform” and Lowered the Price Target to $ 52 from a previous price target of $59 .

Principal Financial Group Inc opened for trading at $43.85 and hit $44.18 on the upside on Wednesday, eventually ending the session at $44.03, with a gain of 0.27% or 0.12 points. The heightened volatility saw the trading volume jump to 15,52,724 shares. Company has a market cap of $12,840 M.

In a different news, on Apr 22, 2016, James P Mccaughan (President – Global Asset Mgmt.) sold 10,000 shares at $43.40 per share price. According to the SEC, on Feb 23, 2016, Daniel Gelatt (director) purchased 30,000 shares at $36.74 per share price. On Dec 14, 2015, Larry D Zimpleman (Chairman) sold 10,000 shares at $45.40 per share price, according to the Form-4 filing with the securities and exchange commission.

Principal Financial Group Inc. is an investment management company. The Company offers businesses individuals and institutional clients a range of financial products and services including retirement asset management and insurance through its financial services companies. Its segments include Retirement and Investor Services Principal Global Investors Principal International and U.S. Insurance Solutions. Its Retirement and Investor Services segment provides retirement and related financial products and services primarily to businesses their employees and other individuals. The Principal Global Investors segment provides asset management services.. The Principal International segment offers pension accumulation products and services mutual funds asset management income annuities and life insurance accumulation products. The U.S. Insurance Solutions segment offers individual and group insurance solutions.

Principal Financial Group Inc

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