DES MOINES, Iowa _ Principal Financial Group Inc. on Thursday reported third-quarter profit of $308.2 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share. Principal Financial shares have increased 19 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed...
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DES MOINES, Iowa-- Financial services company Principal Financial Group Inc. said Thursday that its profit more than doubled in the third quarter, lifted by a large gain from an investment sale. Net income for the July-through-September period was $179.7 million, or 60 cents per share, compared with $71.9 million, or 23 cents per share, a year earlier.
will be assuming about $32 billion in assets under management with its proposed acquisition of AFP Cuprum S.A., a leading pension manager in Chile. Rating Action On Oct. 9, 2012, Standard& Poor's Ratings Services affirmed its' BBB+' counterparty credit ratings on Iowa- based Principal Financial Group Inc. and Principal Financial Services Inc..
*Moody's affirms Principal Financial group's ratings; outlook to negative.
Oct 9- Fitch Ratings has placed the ratings of Principal Financial Group, Inc.. and its insurance company subsidiaries on Rating Watch Negative. The rating actions follows PFG's announcement that that it plans to acquire AFP Cuprum S.A., a Chilean pension manager, for $1.5 billion, subject to adjustments for pre-closing dividends.
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**ALCOA INC, Monday close $9.12, up 0.5 pct post-market. **YUM BRANDS, Monday close $66.94,. **CHEVRON CORP, Monday close $117.62.
DES MOINES, Iowa-- Principal Financial Group Inc. said Monday that it is buying AFP Cuprum S.A., a pension manager in Chile, for roughly $1.51 billion. Principal Financial said the deal will add to its existing business in Brazil, Chile and Mexico, to give the company an even larger presence in those emerging markets.
Oct 1- Provident Financial PLC:. *RBC raises Provident Financial Plc price target to 1,400 p from. Reuters Station users, click. 1580.