People In Business NYSE 2
Principal Financial senior vice president Gary P. Scholten sells 26 July 2017
NEWS BITES - PEOPLE IN BUSINESS
Principal Financial (NYSE:PFG) Senior Vice President Gary P. Scholten sold 13,495 shares worth $US904,165 on July 25. The selling price was $US67.0.
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|Gary P. Scholten (Reported Selling; trailing 12 months)|
|Month||No. of Shares||Price, USD||Value, USD|
|July 26, 2017||13,495||67.0||904,165|
|June 16, 2017||21,950||65.04||1,427,628|
|February 23, 2017||20,900||63.1||1,318,790|
|November 14, 2016||13,000||58.0||754,000|
Original news release
SECTION 1 BIOGRAPHY GARY P. SCHOLTEN, SENIOR VICE PRESIDENT
Mr. Gary P. Scholten is Executive Vice President, Chief Information Officer of Principal Financial Group Inc. He joined the company in 1980 as an assistant planning analyst. He held numerous management positions in information technology through 2002 when he was named senior vice president and chief information officer. Scholten is a fellow of the Life Office Management Institute and is past chair of the LOMA Individual Product Systems Committee. He chairs Principal Global Services, Private Limited, a wholly owned subsidiary of the Principal Financial Group located in Pune, India. Scholten currently serves on two Principal International Chilean Boards: Principal International de Chile S.A. and Principal Asset Management Chile S.A. Scholten has served as the chairman of the board for the Technology Association of Iowa. In 2011, he was appointed to serve on the Iowa Governor's Science, Technology, Engineering and Mathematics (STEM) Advisory Council, and joined the group's executive committee in 2013. Scholten received a bachelor's degree from the University of Northern Iowa.
SECTION 2 PRINCIPAL FINANCIAL GROUP, INC. SCORECARD (NYSE:PFG):
+ Principal Financial Group, Inc. is placed 206/2,584 in the BSS News Bites ranking of NYSE performers in the past year, a percentile ranking of 92.
2.1 Key Financials (All figures percent)
|PFG||Revenue Growth||EPS Growth||Operating Margin||ROE|
2.2 Moving Annual Return (Trailing 12 months):
|PFG||Close||Dividends||Capital Gain / (Loss) %||% Yield||Annual Return %|
|Last Traded Jul 26||$US67.06||$US1.75||54.1||4||58.2|
|1 Year ago||$US43.51||$US1.53||(17.0)||2.9||-14|
|2 Years ago||$US52.39||$US1.42||6.5||2.9||9.4|
|3 Years ago||$US49.18||$US1.12||31.2||3||34.1|
|4 Years ago||$US37.50||88.0c||66||3.9||69.9|
2.3 Revenue and Net Profit
|Description||Annual ($US B)||5 years Avg ($US B)||5 years CAGR %|
CAGR = Compound Annual Growth Rate
2.4 Performance (All figures in %)
A 5-year track record of positive earnings
|Description||Annual||5 years Avg|
|Operating Profit Margin||12.8||17.5|
|Net Profit Margin||11.0||14.7|
|Return on Equity||13.8||11.3|
|Return on Assets||0.6||0.5|
2.5 High Performance Indicators:
|Description||Value||Rank In Market|
|Price/MAP50||1.05||In Top Quartile|
|Total Debt to Equity||0.3||In Top Quartile|
|Today's Turnover||$US59 million||In Top Quartile|
2.6 Present Value of $US1000 invested in the past
|S&P 500 Index||1,007||1,020||1,142|
2.7 Trailing Price Change %
|Price Change %||1-Month||3-Month||1-Year|
|S&P 500 Index||1.66||3.86||14.31|
2.8 Creation of shareholder value:
Since appointment as Senior Vice President: The present value of USD1,000 invested on the appointment date of February 26, 2014 at close price of $US41.63 is $US1,792, including a capital gain of $US611 and dividend reinvested of $US181.
- Market Capitalization has increased by $US6.2 billion from $US13.1 billion to $US19.3 billion since appointment. This increase comprises cumulative retained earnings of $US2.3 billion and Created Market Value of $US3.9 billion. The Created Market Value multiple, defined by the change in MCap for every USD1 of retained earnings is exemplary at 2.7.
2.9 Market Position
Principal Financial Group, Inc. (NYSE:PFG), NYSE's 14th largest Insurance company by market cap, soared $US23.79 (or 54.8%) in the trailing 12 months to July 25, 2017 to close at $US67.16. This means the stock has outperformed 92% of NYSE-listed stocks in the same period. Compared with the S&P 500 Index which has risen 14.2% over the same period, this is a relative price increase of 40.6%. Average daily volume of 1.3 million shares in the trailing year was 0.8 times average daily volume in the previous year. In the trailing 12 months the market cap has jumped $US6.4 billion.
2.10 Global Rank
Rank in the S&P 500 Index [out of 502 stocks]
|Total Assets (US$)||228B||24|
|Net Profit (US$)||1.3B||175|
|Return on Equity %||13.8||242|
|Net Profit Margin %||11.0||218|
|Price to Book||2.5||99|
|PV$1000 (1Year) US$||1,596||28|
|% Change YTD||16.3||166|
SECTION 3 OTHER DIRECTORS OF PRINCIPAL FINANCIAL GROUP, INC.
Daniel Houston, Chief Executive Officer & President & Director
Terry J. Lillis, Chief Financial Officer
Elizabeth E. Tallett, Director
Roger C. Hochschild, Director
Scott M. Mills, Director
Jocelyn Carter-Miller, Director
Betsy J. Bernard, Director
Michael T. Dan, Director
Blair C. Pickerell, Director
Dennis H. Ferro, Director
Luca Maestri, Director
C. Daniel Gelatt, Director
Sandra L. Helton, Director
Karen E. Shaff, Company Secretary & Executive Vice President
Ralph C. Eucher, Executive Vice President
Timothy M. Dunbar, Executive Vice President
Gary P. Scholten, Senior Vice President
Gregory B. Elming, Senior Vice President
SECTION 4 PRINCIPAL FINANCIAL GROUP, INC. ACTIVITIES
Principal Financial Group, Inc. (PFG) is a provider of retirement savings, investment and insurance products and services. The Company's United States and international operations comprise of asset accumulation and asset management. In addition, the Company is also engaged in providing a range of individual and group life insurance, group health insurance, individual and group disability insurance and group dental and vision insurance. The Company operates in four business segments: U.S. Asset Accumulation, Global Asset Management, International Asset Management and Accumulation, and Life and Health Insurance.
SECTION 5 RECENT NEWS OF PRINCIPAL FINANCIAL GROUP, INC. DIRECTORS
17 July 2017
Principal Financial chief investment officer and executive vice president Timothy M. Dunbar awarded Phantom Stock Units
Principal Financial (NYSE:PFG) chief investment officer and executive vice president Timothy M. Dunbar, has been awarded Phantom Stock Units on 5 shares at a transaction price of $US66.10. The transaction date was July 14. The shares last traded at $US66.26.
05 July 2017
Principal Financial chairman of principal funds and president of retirement and investor services Nora M. Everett awarded shares
Principal Financial (NYSE:PFG) chairman of principal funds and president of retirement and investor services Nora M. Everett, was awarded 141 shares worth $US9,034 on June 30.
05 July 2017
Principal Financial chief risk officer and senior vice president Gregory B. Elming awarded shares
Principal Financial (NYSE:PFG) chief risk officer and senior vice president Gregory B. Elming, was awarded 26 shares worth $US1,666 on June 30.
05 July 2017
Principal Financial company secretary Karen E. Shaff awarded shares
Principal Financial (NYSE:PFG) company secretary Karen E. Shaff, was awarded 91 shares worth $US5,830 on June 30.
05 July 2017
Principal Financial president-principal international Luis Valdes awarded shares
Principal Financial (NYSE:PFG) president-principal international Luis Valdes, was awarded 144 shares worth $US9,226 on June 30.
05 July 2017
Principal Financial chief investment officer and executive vice president Timothy M. Dunbar awarded shares
Principal Financial (NYSE:PFG) chief investment officer and executive vice president Timothy M. Dunbar, was awarded 125 shares worth $US8,009 on June 30.
05 July 2017
Principal Financial senior vice president Gary P. Scholten awarded Phantom Stock Units
Principal Financial (NYSE:PFG) senior vice president Gary P. Scholten, has been awarded Phantom Stock Units on 9 shares at a transaction price of $US64.07. The exercise date is between July 01, 2017 and July 01, 2027. The transaction date was June 30. The shares last traded at $US64.25.
SECTION 6 RECENT REPORTED SELLING BY PRINCIPAL FINANCIAL GROUP, INC. DIRECTORS
11 July 2017
Principal Financial company secretary, executive vice president and general counsel Karen E. Shaff sells
Principal Financial (NYSE:PFG) Company Secretary, Executive Vice President and General Counsel Karen E. Shaff sold 30,500 shares worth $US1,982,500 on July 10. The selling price was $US65.0. The shares hit an 11-day high on the day.
07 July 2017
Principal Financial president-principal global investors James McCaughan sells
Principal Financial (NYSE:PFG) President-Principal Global Investors James McCaughan sold 60,816 shares worth $US3,918,375 on July 05. The selling price was $US64.43. The shares hit a five-day low on the day.