Principal Financial Group Inc (PFG) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $1.15 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.10. Analysts had a consensus of $1.05. Analysts expectations of $2919.27 million. 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 BofA/Merrill to ” Neutral” on Jun 29, 2016.
Principal Financial Group Inc opened for trading at $44.52 and hit $44.78 on the upside on Thursday, eventually ending the session at $44.71, with a gain of 0.11% or 0.05 points. The heightened volatility saw the trading volume jump to 9,90,283 shares. Company has a market cap of $12,959 M.
In a different news, on Jun 24, 2016, Gregory Bernard Elming (SVP & Chief Risk Officer) sold 46,770 shares at $43.73 per share price. According to the SEC, on May 24, 2016, James P Mccaughan (President – Global Asset Mgmt.) sold 10,000 shares at $43.13 per share price. On Feb 23, 2016, Daniel Gelatt (director) purchased 30,000 shares at $36.74 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.