Principal Financial Group (NYSE:PFG) CEO Deanna Strable-Soethout Sells 9,300 Shares

Principal Financial Group, Inc. (NYSE:PFG) CEO Deanna Strable-Soethout sold 9,300 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $95.12, for a total value of $884,616.00. Following the completion of the transaction, the chief executive officer owned 144,168 shares of the company’s stock, valued at $13,713,260.16. This represents a 6.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Principal Financial Group Stock Performance

Shares of PFG stock opened at $94.72 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.30 and a current ratio of 0.29. Principal Financial Group, Inc. has a 52 week low of $68.39 and a 52 week high of $95.40. The company’s 50 day moving average price is $89.25 and its two-hundred day moving average price is $83.66. The company has a market capitalization of $21.10 billion, a P/E ratio of 14.18, a price-to-earnings-growth ratio of 0.76 and a beta of 0.89.

Institutional Trading of Principal Financial Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in PFG. Aptus Capital Advisors LLC increased its stake in shares of Principal Financial Group by 3.5% during the 3rd quarter. Aptus Capital Advisors LLC now owns 3,444 shares of the company’s stock worth $286,000 after purchasing an additional 118 shares during the last quarter. Hazlett Burt & Watson Inc. grew its holdings in Principal Financial Group by 22.3% during the third quarter. Hazlett Burt & Watson Inc. now owns 713 shares of the company’s stock worth $59,000 after purchasing an additional 130 shares during the period. Chicago Partners Investment Group LLC increased its position in Principal Financial Group by 2.5% during the second quarter. Chicago Partners Investment Group LLC now owns 5,550 shares of the company’s stock worth $449,000 after buying an additional 137 shares during the last quarter. Kestra Private Wealth Services LLC raised its stake in Principal Financial Group by 1.0% in the third quarter. Kestra Private Wealth Services LLC now owns 13,800 shares of the company’s stock valued at $1,144,000 after buying an additional 137 shares during the period. Finally, Clearstead Advisors LLC lifted its position in shares of Principal Financial Group by 18.3% in the third quarter. Clearstead Advisors LLC now owns 907 shares of the company’s stock valued at $75,000 after buying an additional 140 shares during the last quarter. 75.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Piper Sandler boosted their price target on Principal Financial Group from $94.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, December 23rd. Evercore ISI boosted their target price on Principal Financial Group from $92.00 to $94.00 and gave the company an “in-line” rating in a research note on Thursday, October 9th. Wells Fargo & Company raised their price target on shares of Principal Financial Group from $74.00 to $85.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 13th. Barclays reiterated an “underweight” rating and issued a $85.00 price objective on shares of Principal Financial Group in a report on Thursday, January 8th. Finally, UBS Group increased their target price on shares of Principal Financial Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Principal Financial Group presently has an average rating of “Reduce” and a consensus target price of $92.88.

About Principal Financial Group

Principal Financial Group, commonly known as Principal, is a global financial services company headquartered in Des Moines, Iowa. The firm provides a broad range of retirement, investment management and insurance solutions for individual, employer and institutional clients. Its core businesses include retirement plan services and recordkeeping, asset management, and life and disability insurance, supported by distribution through employers, financial advisors and direct channels.

On the retirement side, Principal offers 401(k) and other workplace retirement plans, individual retirement accounts and annuity products designed to help clients accumulate and manage retirement savings.