Tredje AP fonden Raises Position in Principal Financial Group, Inc. $PFG

Tredje AP fonden increased its stake in Principal Financial Group, Inc. (NYSE:PFG) by 59.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,508 shares of the company’s stock after purchasing an additional 11,710 shares during the quarter. Tredje AP fonden’s holdings in Principal Financial Group were worth $2,612,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of PFG. Traub Capital Management LLC bought a new stake in shares of Principal Financial Group in the second quarter valued at $26,000. Capital A Wealth Management LLC increased its holdings in Principal Financial Group by 5,533.3% in the 2nd quarter. Capital A Wealth Management LLC now owns 338 shares of the company’s stock worth $27,000 after acquiring an additional 332 shares during the last quarter. Curio Wealth LLC raised its stake in Principal Financial Group by 37,800.0% in the 2nd quarter. Curio Wealth LLC now owns 379 shares of the company’s stock valued at $30,000 after acquiring an additional 378 shares during the period. CYBER HORNET ETFs LLC bought a new stake in Principal Financial Group in the 2nd quarter valued at about $45,000. Finally, Financial Consulate Inc. purchased a new stake in Principal Financial Group during the third quarter valued at about $46,000. 75.08% of the stock is owned by institutional investors.

Insider Transactions at Principal Financial Group

In other Principal Financial Group news, CEO Deanna D. Strable-Soethout sold 7,340 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $95.00, for a total value of $697,300.00. Following the completion of the transaction, the chief executive officer owned 136,828 shares of the company’s stock, valued at $12,998,660. The trade was a 5.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 24,965 shares of company stock worth $2,352,460 in the last three months. Insiders own 1.08% of the company’s stock.

Principal Financial Group Price Performance

NYSE:PFG opened at $95.76 on Friday. The firm has a market capitalization of $20.76 billion, a price-to-earnings ratio of 14.34, a P/E/G ratio of 0.76 and a beta of 0.89. Principal Financial Group, Inc. has a 52-week low of $68.39 and a 52-week high of $97.88. The stock has a fifty day moving average of $91.42 and a 200 day moving average of $85.24. 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 (NYSE:PFG) last announced its earnings results on Monday, February 9th. The company reported $2.19 earnings per share for the quarter, missing analysts’ consensus estimates 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 in the prior year, the business earned $1.94 earnings per share. Principal Financial Group has set its FY 2026 guidance at 9.010-9.260 EPS. On average, research analysts expect that Principal Financial Group, Inc. will post 8.5 EPS for the current fiscal year.

Principal Financial Group Increases Dividend

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

Wall Street Analyst Weigh In

PFG has been the topic of several research reports. Morgan Stanley set a $93.00 price target on shares of Principal Financial Group in a research report on Monday, December 15th. Bank of America raised their price target on Principal Financial Group from $95.00 to $96.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Wells Fargo & Company boosted their price objective on Principal Financial Group from $74.00 to $85.00 and gave the company an “underweight” rating in a research note on Tuesday, January 13th. Piper Sandler raised their target price on Principal Financial Group from $94.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 23rd. Finally, UBS Group lifted their target price on Principal Financial Group from $88.00 to $92.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Principal Financial Group presently has an average rating of “Reduce” and a consensus price target 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.