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PFG

Principal Financial

$55.02

0.2 (0.36%)

16:28
07/25/18
07/25
16:28
07/25/18
16:28

Principal Financial urges holders reject 'mini-tender' offer by Baker Mills

Principal Financial Group announced that it has received notice of an unsolicited mini-tender offer by Baker Mills LLC to purchase up to 110,000 shares of Principal Financial Group, Inc. common stock from Principal shareholders. The offer represents approximately 0.04 percent of Principal's shares of common stock outstanding as of the July 23, 2018 offer date. Baker Mills' offer price of $44.00 per share is approximately 20 percent lower than the $54.69 closing price of PFG common stock on Nasdaq on July 23, 2018. This offer follows three recent similar offers by Baker Mills to purchase from certain PFG holders up to 50,000; 60,000; and 125,000, respectively, of PFG shares. These previous offers, which terminated on March 2, 2018, May 18, 2018, and July 9, 2018, resulted in the purchase by Baker Mills of 11,163 PFG shares, 40,525 PFG shares, and 121,832 PFG shares, respectively. "As with the prior offers by Baker Mills, Principal does not endorse Baker Mills' unsolicited mini-tender offer and recommends that shareholders do not tender their shares in response to Baker Mills' offer because the offer is, as was the case with the previous offers, at a price that is significantly below the current market value of PFG. Here, the July 23, 2018 closing common stock price of PFG was $54.69 per share."

  • 27

    Jul

  • 15

    Nov

PFG Principal Financial
$55.02

0.2 (0.36%)

03/02/18
03/02/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Home Depot (HD), Lowe's (LOW), Tempur Sealy (TPX), Mohawk (MHK), Lumber Liquidators (LL) and Michaels (MIK) initiated with a Hold at Loop Capital. The firm also started Fortune Brands (FBHS) and Wayfair (W) with a Buy. 2. Aflac (AFL), Lincoln National (LNC), Brighthouse Financial (BHF), MetLife (MET) Unum (UNM), Principal Financial (PFG) and Reinsurance Group (RGA) initiated with a Neutral at UBS. The firm also initiated Voya (VOYA) and FGL Holdings (FG) with a Buy and Torchmark (TMK) and American Equity (AEL) with a Sell. 3. HP Enterprise (HPE) initiated with a Neutral at JPMorgan. 4. Caterpillar (CAT), Deere (DE), United Rentals (URI) and Wabco (WBC) initiated with an Overweight, Oshkosh (OSK), Terex (TEX), Cummins (CMI), CNH Industrial (CNHI) and REV Group (REVG) initiated with an Equal Weight and Paccar (PCAR) and Agco (AGCO) initiated with an Underweight at Morgan Stanley. 5. Conatus (CNAT) initiated with an Outperform at Oppenheimer. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/26/18
BOFA
03/26/18
INITIATION
Target $65
BOFA
Neutral
Principal Financial reinstated with a Neutral at BofA/Merrill
BofA/Merrill analyst Jay Cohen reinstated coverage of the U.S. Life insurance sector with a positive view, as he believes that the favorable macro backdrop, shifting product mixes, reasonable market conditions and restructuring should support solid performance for many in the sector. As part of that, he started Principal Financial with a Neutral rating and $65 price target.
04/03/18
WELS
04/03/18
NO CHANGE
Target $68
WELS
Market Perform
Principal Financial price target lowered to $68 from $75 at Wells Fargo
Wells Fargo analyst Sean Dargan lowered his price target for Principal Financial to $68 from $75 saying that given increased market volatility and probable adverse mortality in Q1, he does not view first quarter earnings as a catalyst unto itself for the sector. The analyst reiterates a Market Perform rating on the shares.
04/25/18
FBCO
04/25/18
INITIATION
Target $62
FBCO
Neutral
Principal Financial initiated with a Neutral at Credit Suisse
Credit Suisse analyst Andrew Kligerman started Principal Financial with a Neutral rating and $62 price target as he believes a higher ROE appears fully priced in the stock.

TODAY'S FREE FLY STORIES

SWDBY

Swedbank

$0.00

(0.00%)

21:49
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FULC

Fulcrum Therapeutics

$0.00

(0.00%)

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  • 18

    Jul

NFLX

Netflix

$362.50

-3.22 (-0.88%)

20:50
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20:50
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  • 17

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PSMT

PriceSmart

$61.77

-0.43 (-0.69%)

20:43
07/17/19
07/17
20:43
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20:43
Upgrade
PriceSmart rating change at Scotiabank »

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GMAB

Genmab

$0.00

(0.00%)

20:32
07/17/19
07/17
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Syndicate
Genmab 28.5M share IPO priced at $17.75 per ADS »

The deal size was…

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  • 18

    Jul

POWI

Power Integrations

$79.67

-0.22 (-0.28%)

20:29
07/17/19
07/17
20:29
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20:29
Upgrade
Power Integrations rating change at Stifel »

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  • 25

    Jul

UNH

UnitedHealth

$266.71

2.11 (0.80%)

, HON

Honeywell

$168.81

-6 (-3.43%)

20:25
07/17/19
07/17
20:25
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Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

UNH

UnitedHealth

$266.71

2.11 (0.80%)

HON

Honeywell

$168.81

-6 (-3.43%)

PM

Philip Morris

$81.06

-0.49 (-0.60%)

UNP

Union Pacific

$164.05

-11.05 (-6.31%)

DHR

Danaher

$139.60

-0.22 (-0.16%)

MS

Morgan Stanley

$43.78

-0.63 (-1.42%)

BX

Blackstone

$45.27

-0.555 (-1.21%)

BBT

BB&T

$49.68

0.04 (0.08%)

STI

SunTrust

$63.99

0.08 (0.13%)

NUE

Nucor

$54.71

-0.87 (-1.57%)

GPC

Genuine Parts

$102.27

-3.07 (-2.91%)

ALLY

Ally Financial

$31.44

-0.26 (-0.82%)

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ADTN

Adtran

$15.84

0.09 (0.57%)

20:07
07/17/19
07/17
20:07
07/17/19
20:07
Earnings
Adtran reports Q2 adjusted EPS 14c, consensus 8c »

Reports Q2 revenue…

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03/06/13
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  • 18

    Jul

BHC

Bausch Health

$22.91

-0.26 (-1.12%)

, PGNX

Progenics

$5.38

0.055 (1.03%)

19:52
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Hot Stocks
NJ District Court upholds validity of Relistor patent »

Bausch Health (BHC) and…

BHC

Bausch Health

$22.91

-0.26 (-1.12%)

PGNX

Progenics

$5.38

0.055 (1.03%)

TEVA

Teva

$8.11

-0.07 (-0.86%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 24

    Jul

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  • 07

    Aug

  • 09

    Sep

EFC

Ellington Financial

$18.30

0.045 (0.25%)

19:31
07/17/19
07/17
19:31
07/17/19
19:31
Syndicate
Ellington Financial 3.5M share Spot Secondary priced at $17.66 »

Credit Suisse Securities…

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  • 18

    Jul

EPRT

Essential Properties Realty Trust

$19.83

-0.27 (-1.34%)

19:26
07/17/19
07/17
19:26
07/17/19
19:26
Syndicate
Essential Properties Realty Trust 22.86M share Secondary priced at $19.75 »

The deal size was…

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  • 18

    Jul

FTSV

Forty Seven

$8.77

-1.38 (-13.60%)

19:22
07/17/19
07/17
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Syndicate
Forty Seven 9.38M share Secondary priced at $8.00 »

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  • 09

    Sep

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SNDE

Sundance Energy

$1.67

-0.17 (-9.24%)

19:20
07/17/19
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Sundance Energy to sell Dimmit County assets for $29.5M »

Sundance Energy Australia…

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NYMT

New York Mortgage

$6.25

-0.01 (-0.16%)

19:18
07/17/19
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Syndicate
New York Mortgage 20M share Spot Secondary priced at $6.11 »

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  • 18

    Jul

IBKC

Iberiabank

$74.44

-0.7 (-0.93%)

18:57
07/17/19
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Iberiabank raises quarterly dividend by 5% to 45c per share »

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  • 19

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IBKC

Iberiabank

$74.44

-0.7 (-0.93%)

18:56
07/17/19
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18:56
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Hot Stocks
Iberiabank authorizes 1.6M share repurchase program »

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  • 19

    Jul

  • 23

    Sep

EBAY

eBay

$39.03

-0.87 (-2.18%)

, LLNW

Limelight Networks

$2.77

0.18 (6.95%)

18:52
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UP AFTER EARNINGS: eBay…

EBAY

eBay

$39.03

-0.87 (-2.18%)

LLNW

Limelight Networks

$2.77

0.18 (6.95%)

NFLX

Netflix

$362.50

-3.22 (-0.88%)

URI

United Rentals

$131.55

-6.05 (-4.40%)

CCK

Crown Holdings

$59.38

-0.88 (-1.46%)

AA

Alcoa

$23.15

-0.18 (-0.77%)

KMI

Kinder Morgan

$20.60

-0.3 (-1.44%)

TCBI

Texas Capital

$58.67

-0.76 (-1.28%)

IBM

IBM

$143.07

-0.47 (-0.33%)

AMRN

Amarin

$21.06

-0.68 (-3.13%)

ROKU

Roku

$109.33

-2.575 (-2.30%)

NYMT

New York Mortgage

$6.25

-0.01 (-0.16%)

03/08/13
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03/06/13
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  • 17

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  • 18

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  • 18

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  • 18

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  • 07

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  • 23

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  • 28

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  • 18

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  • 19

    Jul

NFLX

Netflix

$362.50

-3.22 (-0.88%)

18:42
07/17/19
07/17
18:42
07/17/19
18:42
Hot Stocks
Breaking Hot Stocks news story on Netflix »

Netflix says will add $5B…

03/08/13
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  • 17

    Jul

  • 17

    Jul

MIRM

Mirum Pharmaceuticals

$0.00

(0.00%)

18:42
07/17/19
07/17
18:42
07/17/19
18:42
Syndicate
Mirum Pharmaceuticals 5M share IPO priced at $15.00 »

The deal priced at the…

03/08/13
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  • 18

    Jul

GSBC

Great Southern Bancorp

$57.85

-0.78 (-1.33%)

18:31
07/17/19
07/17
18:31
07/17/19
18:31
Earnings
Great Southern Bancorp reports Q2 adjusted EPS $1.28, two estimates $1.15 »

Reports Q2 NII $44.9M,…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 18

    Jul

NFLX

Netflix

$362.50

-3.22 (-0.88%)

18:28
07/17/19
07/17
18:28
07/17/19
18:28
Hot Stocks
Netflix makes 'large investment' in original animation »

Says "Stranger…

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  • 17

    Jul

  • 17

    Jul

NFLX

Netflix

$362.50

-3.22 (-0.88%)

18:17
07/17/19
07/17
18:17
07/17/19
18:17
Hot Stocks
Netflix says European shows reaching 12M-15M viewers »

Says European shows…

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  • 17

    Jul

  • 17

    Jul

NFLX

Netflix

$362.50

-3.22 (-0.88%)

18:13
07/17/19
07/17
18:13
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18:13
Hot Stocks
Netflix says rate of investment 'extremely high' »

Says has some discretion…

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  • 17

    Jul

  • 17

    Jul

NFLX

Netflix

$362.50

-3.22 (-0.88%)

18:08
07/17/19
07/17
18:08
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18:08
Hot Stocks
Netflix says overall additions have returned to normal in Q3 »

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  • 17

    Jul

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IBM

IBM

$143.07

-0.47 (-0.33%)

17:53
07/17/19
07/17
17:53
07/17/19
17:53
Hot Stocks
Breaking Hot Stocks news story on IBM »

IBM pares initial…

03/08/13
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03/08/13
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03/06/13
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  • 17

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