DES MOINES, Iowa _ Principal Financial Group Inc. on Monday reported fourth-quarter net income of $253.6 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share. Principal Financial shares have decreased 16 percent since the beginning of the year, while the Standard& Poor's 500 index has...
*Assets slid from $1.4 bln to less than $500 mln. LONDON, Oct 16- U.S. asset manager Principal Global Investors is to shut London- based hedge fund investment firm Liongate Capital Management after fee-conscious investors withdrew too much money from its funds. Liongate, which ran $1.4 billion at the time Principal took a majority stake in 2013, had less than $500...
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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.
Take a look at some of Tuesdays morning movers.
**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.
Oct 1-* Barclays raises Aflac Inc price target to $58 from $55; rating overweight. *Barclays raises The Hartford Financial Services Group Inc price. *Barclays raises Lincoln National Corp price target to $24 from $20;.
Employees enrolled in at-work wellness programs report reduced personal healthcare costs, according to a new study, and their employers, who are seeing higher productivity and attendance, are often happy to foot the bill.
What follows is a roundup of corporate earnings reports for Monday, May 2.