Principal Financial Group Inc. Sells 4,187 Shares of Principal Financial Group, Inc. (NYSE:PFG)

Principal Financial Group Inc. trimmed its holdings in Principal Financial Group, Inc. (NYSE:PFG) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 227,090 shares of the company’s stock after selling 4,187 shares during the period. Principal Financial Group Inc. owned 0.10% of Principal Financial Group worth $17,579,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. bought a new stake in Principal Financial Group in the third quarter worth approximately $33,000. Truvestments Capital LLC bought a new stake in shares of Principal Financial Group during the 3rd quarter worth $43,000. Prospera Private Wealth LLC bought a new stake in shares of Principal Financial Group during the 3rd quarter worth $45,000. Sugarloaf Wealth Management LLC boosted its holdings in shares of Principal Financial Group by 53.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 559 shares of the company’s stock worth $43,000 after buying an additional 195 shares during the period. Finally, Capital Performance Advisors LLP bought a new stake in shares of Principal Financial Group during the 3rd quarter worth $50,000. 75.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Principal Financial Group from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $95.00 to $92.00 in a report on Tuesday, January 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $91.00 price objective on shares of Principal Financial Group in a report on Thursday, January 16th. BMO Capital Markets assumed coverage on shares of Principal Financial Group in a report on Thursday, January 23rd. They set a “market perform” rating and a $93.00 price objective for the company. Morgan Stanley reaffirmed an “underweight” rating and set a $80.00 price objective (down from $86.00) on shares of Principal Financial Group in a report on Thursday, December 5th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Principal Financial Group from $90.00 to $92.00 and gave the stock a “market perform” rating in a report on Wednesday, February 12th. Four analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $85.92.

Principal Financial Group Trading Up 0.3 %

Shares of PFG stock opened at $85.36 on Wednesday. Principal Financial Group, Inc. has a 52-week low of $72.21 and a 52-week high of $91.97. The stock has a market cap of $19.25 billion, a price-to-earnings ratio of 12.78, a P/E/G ratio of 0.76 and a beta of 1.22. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.30 and a current ratio of 0.29. The firm has a fifty day moving average of $80.97 and a 200-day moving average of $82.70.

Principal Financial Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Wednesday, March 12th will be paid a $0.75 dividend. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.73. The ex-dividend date is Wednesday, March 12th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.51%. Principal Financial Group’s dividend payout ratio is currently 44.91%.

Principal Financial Group Profile

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 Asset Management, and Benefits and Protection segments. The Retirement and Income Solutions segment provides retirement, and related financial products and services.