10,463 Shares in Principal Financial Group, Inc. $PFG Bought by Transamerica Financial Advisors LLC

Transamerica Financial Advisors LLC purchased a new stake in Principal Financial Group, Inc. (NASDAQ:PFG) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,463 shares of the company’s stock, valued at approximately $1,128,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. DV Equities LLC acquired a new stake in Principal Financial Group during the fourth quarter worth about $25,000. Hilton Head Capital Partners LLC acquired a new position in shares of Principal Financial Group in the 4th quarter valued at approximately $26,000. Valley Wealth Managers Inc. bought a new stake in shares of Principal Financial Group during the 1st quarter worth approximately $27,000. Ancora Advisors LLC bought a new stake in shares of Principal Financial Group during the 2nd quarter worth approximately $27,000. Finally, MBM Wealth Consultants LLC acquired a new stake in shares of Principal Financial Group during the 1st quarter worth approximately $28,000. Institutional investors own 75.08% of the company’s stock.

Principal Financial Group Stock Up 0.6%

Shares of NASDAQ:PFG opened at $112.21 on Thursday. Principal Financial Group, Inc. has a 52-week low of $77.90 and a 52-week high of $116.61. The company has a market capitalization of $24.02 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 1.01 and a beta of 0.88. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.28 and a current ratio of 0.28. The company has a fifty day moving average of $111.75 and a 200-day moving average of $101.85.

Principal Financial Group (NASDAQ:PFG) last released its quarterly earnings data on Monday, July 27th. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.17. The company had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.11 billion. Principal Financial Group had a return on equity of 16.49% and a net margin of 9.93%.During the same quarter last year, the business posted $2.16 EPS. On average, equities analysts predict that Principal Financial Group, Inc. will post 9.62 EPS for the current fiscal year.

Principal Financial Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Thursday, September 3rd will be given a $0.84 dividend. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.82. This represents a $3.36 annualized dividend and a yield of 3.0%. The ex-dividend date is Thursday, September 3rd. Principal Financial Group’s dividend payout ratio is 46.59%.

Analyst Ratings Changes

A number of research analysts recently issued reports on PFG shares. Morgan Stanley lifted their price objective on shares of Principal Financial Group from $107.00 to $112.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Bank of America raised their target price on Principal Financial Group from $94.00 to $104.00 and gave the company an “underperform” rating in a report on Tuesday, July 28th. Jefferies Financial Group lifted their price target on Principal Financial Group from $91.00 to $98.00 and gave the company a “hold” rating in a research note on Friday, July 10th. Weiss Ratings raised Principal Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. upped their price objective on Principal Financial Group from $106.00 to $107.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Principal Financial Group currently has a consensus rating of “Hold” and an average target price of $106.67.

Principal Financial Group 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.