Principal Financial Group Inc (PFG) Stake Increased by Andra AP fonden

Andra AP fonden increased its position in shares of Principal Financial Group Inc (NYSE:PFG) by 8.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,500 shares of the financial services provider’s stock after acquiring an additional 6,500 shares during the period. Andra AP fonden’s holdings in Principal Financial Group were worth $5,372,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Principal Financial Group by 2.0% during the second quarter. Vanguard Group Inc. now owns 30,237,096 shares of the financial services provider’s stock worth $1,937,291,000 after acquiring an additional 587,221 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Principal Financial Group by 3.3% during the second quarter. BlackRock Inc. now owns 18,306,790 shares of the financial services provider’s stock worth $1,172,916,000 after acquiring an additional 592,172 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Principal Financial Group by 6,656.1% during the second quarter. Janus Henderson Group PLC now owns 3,020,597 shares of the financial services provider’s stock valued at $193,529,000 after buying an additional 2,975,888 shares in the last quarter. Schroder Investment Management Group raised its holdings in Principal Financial Group by 6.9% during the second quarter. Schroder Investment Management Group now owns 1,545,645 shares of the financial services provider’s stock valued at $99,740,000 after buying an additional 100,091 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in Principal Financial Group by 1.2% during the second quarter. Legal & General Group Plc now owns 1,475,069 shares of the financial services provider’s stock valued at $94,514,000 after buying an additional 17,889 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

PFG has been the topic of several recent research reports. Barclays PLC raised their target price on Principal Financial Group from $61.00 to $63.00 and gave the company an “equal weight” rating in a report on Friday, August 11th. Morgan Stanley raised their target price on Principal Financial Group from $67.00 to $72.00 and gave the company an “equal weight” rating in a report on Thursday, October 5th. Keefe, Bruyette & Woods restated a “hold” rating and set a $68.00 target price on shares of Principal Financial Group in a report on Thursday, August 3rd. Wells Fargo & Company set a $76.00 target price on Principal Financial Group and gave the company a “buy” rating in a report on Wednesday, October 18th. Finally, Zacks Investment Research upgraded Principal Financial Group from a “sell” rating to a “hold” rating and set a $73.00 target price on the stock in a report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $67.40.

Shares of Principal Financial Group Inc (NYSE PFG) opened at $68.32 on Monday. Principal Financial Group Inc has a 1 year low of $52.67 and a 1 year high of $69.40. The firm has a market capitalization of $19,727.72, a PE ratio of 13.32, a P/E/G ratio of 1.42 and a beta of 1.71. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.10 and a current ratio of 0.10.

Principal Financial Group (NYSE:PFG) last released its earnings results on Thursday, October 26th. The financial services provider reported $1.28 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.02). Principal Financial Group had a return on equity of 13.55% and a net margin of 12.35%. The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same period last year, the business earned $1.15 earnings per share. analysts anticipate that Principal Financial Group Inc will post 5.22 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Monday, December 4th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, December 1st. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.47. This represents a $1.96 dividend on an annualized basis and a yield of 2.87%. Principal Financial Group’s dividend payout ratio (DPR) is 30.82%.

In other news, insider James P. Mccaughan sold 8,953 shares of Principal Financial Group stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $62.12, for a total value of $556,160.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Karen E. Shaff sold 17,082 shares of Principal Financial Group stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $68.00, for a total transaction of $1,161,576.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,537 shares of company stock worth $9,313,955. 1.50% of the stock is owned by company insiders.

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Principal Financial Group Profile

Principal Financial Group, Inc is an investment management company. The Company offers a range of financial products and services, including retirement, asset management and insurance. Its segments include Retirement and Income Solutions; Principal Global Investors, Principal International; U.S. Insurance Solutions, and Corporate.

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Institutional Ownership by Quarter for Principal Financial Group (NYSE:PFG)

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