SummitTX Capital L.P. Has $1.49 Million Position in Principal Financial Group, Inc. $PFG

SummitTX Capital L.P. lessened its holdings in Principal Financial Group, Inc. (NASDAQ:PFG) by 72.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,511 shares of the company’s stock after selling 43,627 shares during the quarter. SummitTX Capital L.P.’s holdings in Principal Financial Group were worth $1,488,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Prosperity Consulting Group LLC grew its holdings in Principal Financial Group by 1.6% during the 1st quarter. Prosperity Consulting Group LLC now owns 6,921 shares of the company’s stock worth $624,000 after acquiring an additional 111 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Principal Financial Group by 14.8% during the first quarter. Blue Trust Inc. now owns 921 shares of the company’s stock valued at $83,000 after acquiring an additional 119 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Principal Financial Group by 7.6% during the fourth quarter. Parallel Advisors LLC now owns 1,686 shares of the company’s stock valued at $149,000 after acquiring an additional 119 shares during the last quarter. Beacon Financial Group lifted its holdings in shares of Principal Financial Group by 2.8% during the first quarter. Beacon Financial Group now owns 4,451 shares of the company’s stock worth $401,000 after purchasing an additional 120 shares during the period. Finally, Fifth Third Bancorp grew its stake in shares of Principal Financial Group by 1.4% in the fourth quarter. Fifth Third Bancorp now owns 9,130 shares of the company’s stock worth $805,000 after purchasing an additional 127 shares during the last quarter. 75.08% of the stock is currently owned by institutional investors and hedge funds.

Principal Financial Group News Roundup

Here are the key news stories impacting Principal Financial Group this week:

• Positive Sentiment: Q2 earnings beat expectations. Principal Financial reported adjusted earnings of $2.50 per share, above the $2.33 consensus estimate and up from $2.16 a year earlier. Stronger underwriting revenue, higher total revenue and margin expansion supported the results, although revenue of $3.99 billion was below the $4.11 billion estimate. PFG Q2 Earnings Beat on Solid Underwriting, Revenues Rise Year Over Year
• Positive Sentiment: Management highlighted strong earnings growth. The Q2 earnings call and presentation emphasized operating momentum and solid underwriting performance, which may reinforce confidence in PFG’s earnings outlook. Principal Financial Group Q2 2026 Earnings Call Highlights Principal Financial Group 2026 Q2 Results Earnings Call Presentation
• Positive Sentiment: Quarterly dividend increased. PFG declared a quarterly dividend of $0.84 per share, up 2.4% from $0.82, with an indicated yield of approximately 2.9%. The dividend is payable September 25 to shareholders of record September 3. Principal Financial Group Dividend Announcement
• Neutral Sentiment: The earnings-call transcript provides additional details on management’s outlook, operating results and capital priorities, but does not introduce a separate major catalyst beyond the reported quarterly results. Principal Financial Group Q2 2026 Earnings Call Transcript
• Negative Sentiment: Bank of America remains bearish. The firm raised its price target from $94 to $104 but retained an “underperform” rating, leaving its target below PFG’s recent trading level. This signals concern that the stock’s strong run has outpaced its expected upside.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on PFG shares. UBS Group increased their price objective on Principal Financial Group from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Piper Sandler upped their price target on Principal Financial Group from $113.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, June 24th. Barclays upped their price target on Principal Financial Group from $87.00 to $92.00 and gave the company an “underweight” rating in a research report on Tuesday, July 7th. Jefferies Financial Group raised their price objective on Principal Financial Group from $91.00 to $98.00 and gave the stock a “hold” rating in a research report on Friday, July 10th. Finally, Evercore set a $108.00 price objective on Principal Financial Group in a research report on Monday, April 27th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $105.75.

Principal Financial Group Price Performance

Shares of NASDAQ PFG opened at $113.18 on Thursday. The company has a market capitalization of $24.45 billion, a PE ratio of 16.08, a P/E/G ratio of 1.09 and a beta of 0.88. The company has a quick ratio of 0.27, a current ratio of 0.24 and a debt-to-equity ratio of 0.36. Principal Financial Group, Inc. has a twelve month low of $75.00 and a twelve month high of $114.95. The firm has a fifty day simple moving average of $108.78 and a 200 day simple moving average of $98.88.

Principal Financial Group (NASDAQ:PFG) last issued its quarterly earnings results on Monday, July 27th. The company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.33 by $0.17. Principal Financial Group had a net margin of 9.93% and a return on equity of 16.49%. The business had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter in the prior year, the firm posted $2.16 earnings per share. On average, sell-side analysts forecast that Principal Financial Group, Inc. will post 9.49 EPS for the current year.

Principal Financial Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Thursday, September 3rd will be paid a $0.84 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.0%. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.82. Principal Financial Group’s dividend payout ratio (DPR) is presently 46.92%.

Insider Activity at Principal Financial Group

In related news, insider Wee Yee Cheong sold 7,534 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $103.16, for a total transaction of $777,207.44. Following the sale, the insider owned 66,443 shares in the company, valued at $6,854,259.88. This represents a 10.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 19,928 shares of company stock worth $2,038,004. 1.13% of the stock is owned by corporate insiders.

Principal Financial Group Company Profile

Principal Financial Group (NASDAQ: PFG) is a global financial services company headquartered in Des Moines, Iowa, that provides a range of retirement, investment and insurance solutions to individuals, employers and institutional clients. The firm’s business is organized around retirement services, asset management, and insurance products designed to help clients plan, invest for, and protect income over the long term.

Principal’s product and service offerings include retirement plan recordkeeping and administration for employer-sponsored plans, individual and group retirement annuities, life and disability insurance, employee benefits solutions, and wealth management services.