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Selasa, 05 Juli 2022

Burns Lake principal reelected to board of BC Principals’ and Vice Principals’ Association - Burns Lake Lakes District News

Nechako Lakes School District (SD91) principal Heidi Grant has been named as one of the 2022-2023 board of directors of the BC Principals’ & Vice-Principals’ Association (BCPVPA).

The new board, announced July 1 has members representing school-based and district leaders in the province’s K-12 public school system.

Grant said she is delighted to be reelected to the BCPVPA where she has served five terms in the past 10 years.

Grant has been the principal of Lakes District Secondary School in Burns Lake for the past seven years. Prior to that she has been a teacher for 35 years and has also worked in Victoria, Cowichan Valley school districts.

“Our board guides the work of a staff who support the professional learning, contractual, and wellness needs of our members, ” said Grant, adding, “We have been fortunate over the past 10 years to have many directors from the north, including Bulkley-Nechako Valley, Nisga’a, and Prince George”.

The school district said it appreciates the time and efforts put in by long-serving members like Grant.

“Having local representation allows for a rural and northern perspective which is always beneficial in such a large and diverse province,” said Mike Skinner, assistant superintendent of SD 91.

“The BCPVPA has and continues to provide quality visioning and advocacy for leadership development for new and existing principals and vice-principals,” added Skinner.

Sid Jawanda from SD 57 (Prince George) is another northern representative on the board this year.

Brian Leonard (SD43, Coquitlam) assumes the role of President for a two-year term. Brian has been an educator for 25 years, served as a Director on the BCPVPA Board for 10 years, and moves from his role as an elementary school Principal in Coquitlam. Darren Danyluk (SD6, Rocky Mountain), a secondary school Principal from Invermere, will continue serving on the Board as Past-President.

The 2022-2023 Directors of the Board are: Jacqueline Borosa, SD68 (Nanaimo-Ladysmith), David DeRosa, SD20 (Kootenay-Columbia), Sanj Johal, SD44 (North Vancouver), Paul Marsden, SD36 (Surrey), Navshina Savory, SD38 (Richmond), Tara Zielinski, SD45 (West Vancouver) and Sally Zryd, SD73 (Kamloops-Thompson).

The board guides BCPVPA in providing advocacy and professional development support for 2,600 members employed as principals, vice-principals, district principals, and directors of instruction in sixty school districts across the province.

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Burns Lake principal reelected to board of BC Principals’ and Vice Principals’ Association - Burns Lake Lakes District News
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IntelGenx Announces Completion of Share Issuance in Payment of Principal and Interest on Debentures - Financial Post

Article content

SAINT LAURENT, Quebec, July 05, 2022 (GLOBE NEWSWIRE) — IntelGenx Technologies Corp. (TSX:IGX) (OTCQB:IGXT) (the “Company” or “IntelGenx”) announces that, as previously disclosed on June 1, 2022 and in accordance with the terms of the trust indenture governing the Debentures (as defined below), as supplemented, it has issued (i) 19,381,223 shares of common stock of the Company (“Shares”) at a deemed price of C$0.2812 in payment of the outstanding C$5,450,000 aggregate principal amount of the Company’s convertible unsecured subordinated debentures due June 30, 2022 (the “Debentures”) and (ii) 573,684 Shares at a deemed price of C$0.38 per Share in payment of an aggregate of C$218,000 interest due on the Debentures as of June 30, 2022.

Article content

The Convertible Debentures, listed on the Toronto Stock Exchange under the symbol IGX.DB, have been delisted from trading as of the close of business on June 30, 2022.

About IntelGenx

IntelGenx is a leading drug delivery company focused on the development and manufacturing of pharmaceutical films.

IntelGenx’s superior film technologies, including VersaFilm®, DisinteQ™, VetaFilm™ and transdermal VevaDerm™, allow for next generation pharmaceutical products that address unmet medical needs. IntelGenx’s innovative product pipeline offers significant benefits to patients and physicians for many therapeutic conditions.

IntelGenx’s highly skilled team provides comprehensive pharmaceuticals services to pharmaceutical partners, including R&D, analytical method development, clinical monitoring, IP and regulatory services. IntelGenx’s state-of-the-art manufacturing facility offers full service by providing lab-scale to pilot- and commercial-scale production. For more information, visit www.intelgenx.com.

Source: IntelGenx Technologies Corp.

For more information, please contact:

Stephen Kilmer
Investor Relations
(647) 872-4849
stephen@kilmerlucas.com

Or

Andre Godin, CPA, CA
President and CFO
IntelGenx Corp.
(514) 331-7440 ext 203
andre@intelgenx.com

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IntelGenx Announces Completion of Share Issuance in Payment of Principal and Interest on Debentures - Financial Post
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Should You Retain Principal Financial (PFG) in Your Portfolio? - Yahoo Finance Australia

Principal Financial Group, Inc. PFG continues to be an investor favorite on the back of its higher net investment income across its segments, solid sales, strong retention and employment growth.

Growth Projections

The Zacks Consensus Estimate for Principal Financial’s 2023 earnings per share is pegged at $7.66, indicating a year-over-year increase of 15.2%. The expected long-term earnings growth rate is pegged at 8.1%.

Zacks Rank & Price Performance

Principal Financial currently carries a Zacks Rank #3 (Hold). The stock has rallied 9.7% against the industry’s decline of 26.8% in the past year.

Zacks Investment Research
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Image Source: Zacks Investment Research

Earnings Surprise History

Principal Financial has a solid record of beating earnings estimates in each of the last six quarters.

Business Tailwinds

Principal Financial’s revenue growth is expected to improve in the long run, riding on higher premiums and other considerations, fees and other revenues, and higher net investment income across its segments.

In 2022, Principal Financial expects to grow its operating earnings per share at a rate of 10-13%.

The Principal International segment is likely to benefit from higher single premium annuity sales in Chile. The segment’s operating earnings should gain from foreign currency tailwinds.

With positive net cash flow over the trailing 12 months, strong investment performance and the migration of institutional retirement and trust retirement assets, Principal Financial’s assets under management should continue to gain.

The Specialty Benefits Insurance business should continue to gain from record sales, strong retention, and employment growth. Growth in the business, favorable claims and disciplined expense management should benefit its pre-tax operating earnings.

Principal Financial boasts a strong capital position. PFG’s estimated risk-based capital ratio was 400% at the end of the first quarter, in line with the target. PFG continues to maintain a 20% to 25% leverage ratio and expects the ratio to improve in the long run.

PFG hiked its dividend by 5% in the first quarter of 2022 and currently yields 3.8%, better than the industry average of 3.5%. This is in line with the targeted 40% dividend payout ratio and reflects strong business performance.

PFG remains on track to return the targeted $2.5 billion to $3 billion of capital to shareholders in 2022, including $2 billion to $2.3 billion in share repurchases.

Stocks to Consider

Some better-ranked stocks from the finance sector are Apollo Global Management Inc. APO, Portman Ridge Finance Corporation PTMN and PennantPark Floating Rate Capital Ltd. PFLT. While Apollo Global Management and Portman Ridge Finance currently sport a Zacks Rank #1 (Strong Buy), PennantPark Floating Rate carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Apollo Global Management’s earnings surpassed estimates in three of the last four quarters and missed in one, the average surprise being 37.7%. In the past year, APO’s stock has lost 22.6%.

The Zacks Consensus Estimate for APO’s 2022 and 2023 earnings per share indicates year-over-year increases of 29.4% and 17.6%, respectively.

Portman Ridge Finance’s earnings surpassed estimates in three of the last four quarters and missed in the other one, the average surprise being 11%. In the past year, PTMN stock has gained 1.5%.

The Zacks Consensus Estimate for PTMN’s 2022 and 2023 earnings per share indicates year-over-year increases of 9.6% and 11.2%, respectively.

PennantPark’s earnings surpassed estimates in two of the last four quarters while missed in one and matched in the other one, the average surprise being 4.47%.

The Zacks Consensus Estimate for PFLT’s 2022 earnings per share indicates a year-over-year increase of 11.3%. In the past year, PennantPark has lost 10.9%.


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Should You Retain Principal Financial (PFG) in Your Portfolio? - Yahoo Finance Australia
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Juli Watson starts as new Highland Park High School's principal - The Topeka Capital-Journal

Senin, 04 Juli 2022

Aspiring Principals Program aims to teach future principals - Yahoo News

Jul. 4—The Aiken County Public School District has a way to help teach future principals.

The Aspiring Principals Program was started in 2019 as a way to increase the number of local principals, said Dr. Salvatore A. Minolfo, the director of administration for ACPSD.

"We started the program as an initiative ... The goal of the school board was they wanted to increase the grow your own program of future administrators of Aiken County principals," Minolfo said. "It was developed with that in mind at the time. At the time we were hiring outside of the district. Approximately 50% of administration and staff and our board felt like it could be good to do that, but we were looking at an 80/20 instead of 50/50."

There have been two cohorts of the program so far, and 10 people have completed it. The program has been designed by the state leadership standards, and Minolfo said he teaches the participants a variety of concepts related to the standard.

"For example, this year's group were the ones facilitating the renewal process for their schools, which is a huge undertaking," Minolfo said. "They had to ... develop school partnerships with outside organization and then we did a variety of presentations and interviews, just really building up their ability to do well in an interview and speak on items when required ... really trying to build their professional leadership abilities."

Minolfo said the biggest challenge for aspiring principals is shifting their mindset from being an assistant principal to being a principal.

"They have to look at a problem and come up with a solution, along with thinking about stakeholders, who will impact, mitigating factors to consider when handling the program ... the idea is to prepare them now," Minolfo said.

The year-long program meets at least once a month, sometimes more, he said. The superintendent, chief officer for instruction and administration, and assistant superintendents are all very involved in the program, Minolfo added.

As for who can participate in the program, Minolfo said it's open to people who have completed three years assistant principal or assistant principal like duties, including coordinators and interventionists.

The cohorts for this year were recognized at the Aiken County Board of Education meeting on June 14. Those recognized were Kimmerie Allen, Carla Dupert, Latonia Evans, Patrick Newsome and Charity Quattlebaum.

During the 2021-22 school year Allen was assistant principal at Belvedere Elementary School and will be the principal at Redcliffe Elementary School in the 2022-23 school year.

Dupert was the assistant principal at Kennedy Middle School for the 21-22 school year and will be principal at Jackson Middle School for the 22-23 school year.

Evans was the assistant principal at Leavelle McCampbell Middle School in 21-22 and will be the assistant principal at Schofield Middle School in 22-23.

Newsome, the 2022-23 Assistant Principal of the Year district winner, was the assistant principal at Warrenville Elementary School for the 21-22 school year and in 2022-23 will be the assistant principal at Ridge Spring-Monetta Elementary School

Quattlebaum was the assistant principal at Jefferson Elementary School in 2021-22 and has been named the principal at Parker Elementary School in Edgefield County for the 2022-23 school year.

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Minggu, 03 Juli 2022

Principal accused of trying to fire white staff because of their race created school of 'insanity' - Daily Mail

Principal accused of trying to fire white teachers because of their race created school of 'insanity' plagued with low-quality education and 'dangerous' fighting, say students

  • High School for Law and Public Service students are angry at Principal Paula Lev
  • The students allege her diversity crusade has fostered 'insanity' in the classroom
  • A petition claims Lev replaced qualified staff with unknowledgeable employees
  • It also alleges an increase in fighting, arguing and lack of discipline from admins 
  • Students say their quality of education has declined, as well as their safety
  • The DOE probed Lev last year after she allegedly tried to get rid of white staffers
  • The complaint against her will now go before the NY Division of Human Rights 

A Washington Heights principal accused of wanting to oust white staffers reportedly created a learning environment plagued by 'utter disorganization and insanity.'

Students attending New York City's High School for Law and Public Service claim their lives have become 'miserable' under the leadership of Principal Paula Lev.

They also allege their quality of education has declined after Lev ousted 'fully experienced and qualified' staff as part of her alleged diversity crusade. 

A student-created petition claims a handful of Lev's new hires 'are super under-qualified' and that their 'lack of knowledge' has affected students' ability to learn.

The petition also cited fears of attending class due to a 'dangerous' environment fueled by an 'insane number of fights, constant arguing and improper administrative action.'

Lev was hit with a probe last year by the NYC Department of Education (DOE) after she allegedly told a teacher she was 'going to get rid of all these white teachers that aren't doing anything for the kids of our community.'

The complaint will now go before the New York State Division of Human Rights.

Students attending New York City's High School for Law and Public Service claim their lives have become 'miserable' under the leadership of Principal Paula Lev (pictured)

The probe was launched after faculty members at High School for Law and Public Service accused principal Paula Lev of discriminating against staff and conspiring to get a white colleague fired.

Faculty filed a complaint with the Education Department and also voted they had 'no confidence' in Lev's leadership.

The complaint alleged Lev 'flagrantly but unsuccessfully attempted to divide our school by race' and told an employee that she 'was going to get rid of all these white teachers that aren't doing anything for the kids of our community.'

In the last year, Lev has issued excess notices to four white staffers, insiders told The New York Post on Saturday. DailyMail.com has contacted the Division of Human Rights in attempt to confirm the allegation.

The DOE, however, contends that only two staffers had been excessed, alleging the decision was made by 'contractual rules regarding seniority.'

The department explained that the school had created a new position focused on 'conflict resolution.'

'The Department of Education is absolutely committed to providing a strong and supportive environment in all of our schools and for all of our students. We work with our principals every day to ensure that students and staff receive the support they need,' DOE spokesperson Jenna Lyle told The Post.

High School for Law and Public Service (pictured) students allege their quality of education has declined after Lev ousted 'fully experienced and qualified' staff as part of her alleged diversity crusade

Insiders allege some of the excessed teachers have found new jobs so they weren't 'officially considered cut' from school staff. 

Other former school employees reportedly left on their own, with three additional teachers deciding to call it quits this month.

'There are many more teachers who have voiced that they plan to leave and they feel demoralized,' an unnamed staffer told the paper. 

Students have issued similar allegations in a Change.org petition started earlier this year by incoming senior and class valedictorian Angel Dilawar, 17.

'Many students at the High School for Law & Public Service would like to bring to your attention that we have had enough and cannot bear to witness the utter disorganization and insanity at our school, especially that we once proudly called home,' the petition states. 'While there have been tremendous efforts to be heard, the higher-ups have not taken any action.'

The petition alleges that students are not receiving the quality of education they're accustom and entitled to.  

'It is unfortunate that we have some new teachers that are super under-qualified, and staff members that were fully experienced and qualified were excessed,' the document reads. 'It has been our experience that the lack of knowledge of a few new staff members has affected our learning. 

'It is frightening to imagine more similar staff members being hired who require student assistance to accomplish simple tasks. What's even more scary is that those are some vital positions.'

Students further contend that Lev is more focused on appearances than learning.

The petition states that she has prioritized improving the school's appearance by purchasing new furniture, plants and TV screens for the hallways. 

Dilawar also told The Post that Lev purchased $50,000 worth of hooded sweatshirts to be worn with school uniforms, but the teen claims no one wears them.

Scholars allege they would 'much rather prefer to receive new laptops and textbooks' or see school funding invested into 'hiring more teachers to teach AP classes, core subjects and electives.'

The students also allege the school looks proper 'communication and transparency.' 

'From the outside it may appear that everything is going great, but in reality, none of the members of the school community are aware of what's going on. I compare it to a bad apple, gleaming and shining on the outside but once opened you see how rotten to the core it is,' the petition reads.

'Certain teachers are completely clueless and students can provide many examples that demonstrate there is no communication at all. There is always last-minute notice for students and they feel that they don't matter and are always silenced.

'We are deeply dismayed to see this unfold at a school that had been blossoming before this principal took over. Happiness, pleasure, and contentment have now become filled with tears of agony and sorrow. Many of 'our teachers and administrators' whom we truly valued, are now gone.'  

The petition has already received more than 400 signatures. 

A student-created petition claims a handful of Lev's new hires 'are super under-qualified' and that their 'lack of knowledge' has affected students' ability to learn. The petition also cited fears of attending class due to a 'dangerous' environment fueled by an 'insane number of fights, constant arguing and improper administrative action'

Dilawar also told The Post that a lack of discipline has made the school a free-for-all environment. 

'Right now students can do anything they want and they're not going to get in trouble,' she said.

Additionally, she alleged that she was asked to write college recommendation letters for her peers while working the school's college office.

Dilawar claimed the current office staffer had a 'limited grasp of English' and needed assistance with the letters.

'These students would be shocked to find out that their recommendation letters would be written by a student, a junior,' she said.

Another incoming senior, 16-year-old Hannah Maldonado, alleged that Lev also created division during a Culture Day celebration, which was intended to promote diversity.

Maldonado claims she asked for 'greater musical variety' to be played during the event but was shut down by Lev who, speaking in Spanish, told the DJ to play one additional song before going 'back to Spanish music.'

'I was told that the student government curated a playlist to be inclusive to all of our cultures,' the teen said.

Dilawar says she has contacted Schools Chancellor David Banks multiple times about the ongoing issues at the High School for Law and Public Service and complaints from students, but has failed to receive a response. 

Students further contend that Lev is more focused on appearances than learning. The petition states that she has prioritized improving the school's appearance by purchasing new furniture, plants and TV screens for the hallways

Investigation into the principal's leadership began last summer after faculty and staff complained that Lev, who is Dominican, was discriminating against employees.

According to the DEO complaint filed last year, a faculty member claims approached him with a plan to terminate an unidentified white, female employee. 

He alleged that Lev asked him to get a state education certification so he would have more qualifications than the white employee and Lev could fire her as 'excess' staff.

'Ms. Lev has asked me to conspire with her on a couple of occasions in getting rid of my colleague,' the faculty member wrote in the complaint. 

'She also stated to me in Spanish that she was 'going to get rid of all these white teachers that aren't doing anything for the kids of our community. I believe Ms. Lev is not suited for the position of principal because of the comments she has made to me about white people and the malicious ways in which she thinks and speaks. She is not fit to be a leader of a school. 

'As a school staff, we have lost confidence, creditability, trust, and most importantly we have lost hope in Ms. Lev as a principal at the High School for Law & Public Service.'

Lev reportedly laid off the faculty member who filed the complaint on the last day of the 2020-2021 school year, claiming he was no longer needed at the school and should look for work elsewhere in the DOE.

DOE Press Secretary Nathaniel Styer told DailyMail.com at the time, that the High School of Law and Public Service: ‘qualified to excess a small number of staff at the beginning of next school year. The designation of excess staff is determined by contractual rules regarding seniority. 

'Staff would have received a letter regarding potential excessing, which is not uncommon at this time of year as enrollment, budgets, and staffing needs change. All staff have the opportunity to take jobs on the open market, which the staff members at this school have done.’ 

Styer said the DOE was 'committed to providing a supportive, high-quality learning environment at all our schools, and the superintendent and executive superintendent are working closely with the principal and the whole community to address concerns.'

He added: 'We will work to ensure students and staff continue to receive the support they need.'

Lev was hit with a probe last year by the New York City Department of Education after she allegedly told a teacher she was 'going to get rid of all these white teachers that aren't doing anything for the kids of our community'

Tensions first flared between Lev and staff in February 2021, when she publicly accused Nick Bacon, the union chapter leader, of being racist after he filed a routine grievance about a scheduling issue affecting faculty members.

Lev confronted Bacon in front of a room of his colleagues and said, 'I wasn't sure what your problem with me was, maybe it's because I am a woman of color and you're a white man?'

Bacon wrote about the incident on March 2 in a letter signed other staff members and sent to Manny Ramirez, the superintendent of District 6. The grievance was solved in Bacon's favor and Ramirez acknowledged in a staff meeting that Lev's comment was 'inappropriate,' but that the two must work together and move past it.

Lev later apologized to Bacon for publicly calling him out, a course told the New York Post. However, she stood by her comment and said it represented how she felt. She also recommended that Bacon read Robin DiAngelo's 2018 book 'White Fragility: Why It's So Hard for White People to Talk About Racism.'

Tensions first flared between Lev and staff in February 2021, when she publicly accused Nick Bacon (pictured), the union chapter leader, of being racist

She then encouraged Bacon to have 'courageous conversations' with her about the themes in the book, referencing a term used by the Department of Education during workshops on implicit bias.

Faculty members said that Bacon reached out to DoE Chancellor Meisha Porter earlier this month and asked for her to get involved.

He also met with dozens of staff members on June 24 to determine the conditions of their 'no confidence' vote. Their reasons, listed in the complaint, included that she had 'disrespected, slandered, and/or arbitrarily gone after respected educators, to the detriment of our entire school community.'

They also asserted that Lev violated their labor contract and left staff out of debates on important school decisions.

'With almost the entire 40+ membership voting, including both tenured and untenured teachers, paraprofessionals, and related service professionals, 83.3percent voted that they no longer have confidence in our principal to lead our school,' reads a statement about the vote, which was obtained by the New York Post.

It's not too common for staff to file votes of 'no-confidence' against school officials. 

In 2019, faculty at Forest Hills High School in Queens filed a no-confidence vote against Principal Ben Sherman because he allegedly took not action to stop students from smoking marijuana. The DOE eventually removed Sherman from his position.

Lev began her tenure at the High School for Law and Public Service, on the George Washington Educational Campus, in February 2020 and was promoted to principal after her predecessor Nicholas Politis retired.

Before that, she worked for the Department of Education for 13 years in various roles. Since 2015, she has also been an adjunct professor at New York Institute of Technology, specializing in graduate work with students with disabilities.

Lev, whose salary was $165,542 2020, is married to Benjamin Lev, who is an assistant principal with the DOE.

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Jumat, 01 Juli 2022

Sumitomo Mitsui DS Asset Management Company Ltd Increases Stake in Principal Financial Group, Inc. (NASDAQ:PFG) - Defense World

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Principal Financial Group, Inc. (NASDAQ:PFGGet Rating) by 77.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,672 shares of the company’s stock after purchasing an additional 12,997 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Principal Financial Group were worth $2,178,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Squarepoint Ops LLC grew its position in shares of Principal Financial Group by 32.9% in the 3rd quarter. Squarepoint Ops LLC now owns 4,869 shares of the company’s stock worth $314,000 after buying an additional 1,204 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Principal Financial Group by 37.8% in the 3rd quarter. Janus Henderson Group PLC now owns 284,629 shares of the company’s stock worth $18,329,000 after buying an additional 78,034 shares during the last quarter. Cetera Advisors LLC grew its position in shares of Principal Financial Group by 46.6% in the 3rd quarter. Cetera Advisors LLC now owns 4,701 shares of the company’s stock worth $303,000 after buying an additional 1,495 shares during the last quarter. Captrust Financial Advisors grew its position in shares of Principal Financial Group by 4.1% in the 3rd quarter. Captrust Financial Advisors now owns 14,953 shares of the company’s stock worth $963,000 after buying an additional 586 shares during the last quarter. Finally, Moors & Cabot Inc. bought a new stake in shares of Principal Financial Group in the 3rd quarter worth approximately $55,000. 77.69% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on the company. Royal Bank of Canada dropped their price target on Principal Financial Group from $82.00 to $79.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 3rd. Piper Sandler lifted their price target on Principal Financial Group from $76.00 to $78.00 and gave the company a “neutral” rating in a research report on Wednesday, April 6th. Morgan Stanley dropped their price target on Principal Financial Group from $75.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 3rd. Finally, Citigroup assumed coverage on Principal Financial Group in a research report on Monday, May 23rd. They set a “sell” rating and a $63.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Principal Financial Group presently has an average rating of “Hold” and a consensus target price of $73.70.

Principal Financial Group stock opened at $66.79 on Friday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.36. The business’s fifty day simple moving average is $69.22 and its two-hundred day simple moving average is $71.40. Principal Financial Group, Inc. has a 12 month low of $58.66 and a 12 month high of $80.36. The company has a market capitalization of $16.88 billion, a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 1.27 and a beta of 1.46.

Principal Financial Group (NASDAQ:PFGGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.12. Principal Financial Group had a return on equity of 12.25% and a net margin of 11.08%. The firm had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter in the previous year, the business earned $1.53 earnings per share. On average, equities research analysts predict that Principal Financial Group, Inc. will post 6.65 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 24th. Stockholders of record on Thursday, June 2nd were paid a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend was Wednesday, June 1st. Principal Financial Group’s dividend payout ratio is currently 43.91%.

In other news, EVP Wee Yee Cheong sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $71.00, for a total value of $710,000.00. Following the completion of the transaction, the executive vice president now owns 37,093 shares in the company, valued at $2,633,603. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.17% of the stock is owned by insiders.

Principal Financial Group Company Profile (Get Rating)

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 Global Investors, Principal International, and U.S. Insurance Solutions segments.

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Want to see what other hedge funds are holding PFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Principal Financial Group, Inc. (NASDAQ:PFGGet Rating).

Institutional Ownership by Quarter for Principal Financial Group (NASDAQ:PFG)

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Sumitomo Mitsui DS Asset Management Company Ltd Increases Stake in Principal Financial Group, Inc. (NASDAQ:PFG) - Defense World
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EXCLUSIVE: Families seek Ministry probe after Ontario principal linked to toxic workplace allegations - Juno News

[unable to retrieve full-text content] EXCLUSIVE: Families seek Ministry probe after Ontario principal linked to toxic workplace allegations...