Principal Financial Group, Inc. $PFG Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its position in Principal Financial Group, Inc. (NYSE:PFG) by 58.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,111 shares of the company’s stock after purchasing an additional 9,997 shares during the period. NEOS Investment Management LLC’s holdings in Principal Financial Group were worth $2,248,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of PFG. Integrated Wealth Concepts LLC purchased a new position in shares of Principal Financial Group in the first quarter valued at $244,000. NewEdge Advisors LLC grew its position in shares of Principal Financial Group by 24.1% in the first quarter. NewEdge Advisors LLC now owns 7,503 shares of the company’s stock valued at $633,000 after purchasing an additional 1,455 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Principal Financial Group by 11.9% during the 1st quarter. Empowered Funds LLC now owns 4,678 shares of the company’s stock worth $395,000 after purchasing an additional 497 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Principal Financial Group by 10.9% during the 2nd quarter. Nordea Investment Management AB now owns 18,784 shares of the company’s stock worth $1,487,000 after purchasing an additional 1,839 shares during the last quarter. Finally, Private Trust Co. NA raised its position in shares of Principal Financial Group by 127.2% during the 2nd quarter. Private Trust Co. NA now owns 768 shares of the company’s stock worth $61,000 after purchasing an additional 430 shares during the last quarter. 75.08% of the stock is currently owned by hedge funds and other institutional investors.

Principal Financial Group Stock Up 3.9%

NYSE PFG opened at $95.76 on Friday. The stock has a market cap of $21.33 billion, a PE ratio of 14.34, a P/E/G ratio of 0.76 and a beta of 0.89. The business has a 50 day moving average price of $91.42 and a two-hundred day moving average price of $85.17. Principal Financial Group, Inc. has a fifty-two week low of $68.39 and a fifty-two week high of $97.88. The company has a quick ratio of 0.30, a current ratio of 0.29 and a debt-to-equity ratio of 0.36.

Principal Financial Group (NYSE:PFG) last released its quarterly earnings results on Monday, February 9th. The company reported $2.19 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.03). Principal Financial Group had a return on equity of 14.68% and a net margin of 9.74%.During the same period last year, the firm posted $1.94 earnings per share. Principal Financial Group has set its FY 2026 guidance at 9.010-9.260 EPS. As a group, sell-side analysts predict that Principal Financial Group, Inc. will post 8.5 EPS for the current fiscal year.

Principal Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Wednesday, March 11th will be issued a $0.80 dividend. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.79. This represents a $3.20 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, March 11th. Principal Financial Group’s dividend payout ratio is currently 60.72%.

Insider Buying and Selling

In other Principal Financial Group news, CEO Deanna D. Strable-Soethout sold 9,300 shares of the firm’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $95.12, for a total transaction of $884,616.00. Following the completion of the transaction, the chief executive officer directly owned 144,168 shares of the company’s stock, valued at $13,713,260.16. This trade represents a 6.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 24,965 shares of company stock worth $2,352,460. Corporate insiders own 1.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PFG. Wells Fargo & Company upped their target price on shares of Principal Financial Group from $74.00 to $85.00 and gave the company an “underweight” rating in a report on Tuesday, January 13th. Barclays reaffirmed an “underweight” rating and issued a $85.00 price objective on shares of Principal Financial Group in a research report on Thursday, January 8th. Piper Sandler upped their target price on Principal Financial Group from $94.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, December 23rd. Morgan Stanley set a $93.00 price target on Principal Financial Group in a report on Monday, December 15th. Finally, Bank of America upped their price objective on Principal Financial Group from $95.00 to $96.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Principal Financial Group has a consensus rating of “Reduce” and an average target price of $93.22.

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.