Rhumbline Advisers Buys 8,347 Shares of Principal Financial Group, Inc. $PFG

Rhumbline Advisers increased its position in shares of Principal Financial Group, Inc. (NYSE:PFG) by 1.7% during the third quarter, Holdings Channel reports. The institutional investor owned 492,804 shares of the company’s stock after purchasing an additional 8,347 shares during the quarter. Rhumbline Advisers’ holdings in Principal Financial Group were worth $40,858,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Krilogy Financial LLC bought a new stake in shares of Principal Financial Group in the 3rd quarter worth approximately $358,000. Stratos Wealth Partners LTD. raised its stake in shares of Principal Financial Group by 10.5% in the third quarter. Stratos Wealth Partners LTD. now owns 4,266 shares of the company’s stock valued at $354,000 after purchasing an additional 405 shares in the last quarter. Applied Finance Capital Management LLC bought a new position in Principal Financial Group in the third quarter worth $381,000. Versor Investments LP lifted its position in Principal Financial Group by 45.3% in the third quarter. Versor Investments LP now owns 8,086 shares of the company’s stock worth $670,000 after purchasing an additional 2,521 shares during the period. Finally, S&CO Inc. acquired a new stake in Principal Financial Group during the third quarter worth $207,000. 75.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PFG shares. Barclays restated an “underweight” rating and issued a $85.00 price objective on shares of Principal Financial Group in a research note on Thursday, January 8th. Wells Fargo & Company lifted their price objective on Principal Financial Group from $74.00 to $85.00 and gave the company an “underweight” rating in a report on Tuesday, January 13th. UBS Group upped their price objective on Principal Financial Group from $88.00 to $92.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. 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 report on Tuesday, December 23rd. Finally, Bank of America boosted their price target on Principal Financial Group from $95.00 to $96.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Principal Financial Group presently has an average rating of “Reduce” and an average price target of $93.22.

Insider Buying and Selling at Principal Financial Group

In related news, CEO Deanna D. 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 in the company, valued at $13,713,260.16. The trade was a 6.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 24,965 shares of company stock valued at $2,352,460 over the last ninety days. Insiders own 1.08% of the company’s stock.

Principal Financial Group Stock Performance

NYSE:PFG opened at $90.39 on Friday. The stock has a market capitalization of $20.14 billion, a P/E ratio of 13.53, a price-to-earnings-growth ratio of 0.76 and a beta of 0.89. The company has a current ratio of 0.29, a quick ratio of 0.30 and a debt-to-equity ratio of 0.36. Principal Financial Group, Inc. has a 1 year low of $68.39 and a 1 year high of $97.88. The firm has a 50 day moving average of $91.10 and a 200-day moving average of $84.67.

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 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 EPS. Principal Financial Group has set its FY 2026 guidance at 9.010-9.260 EPS. As a group, sell-side analysts anticipate that Principal Financial Group, Inc. will post 8.5 EPS for the current fiscal year.

Principal Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Wednesday, March 11th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.5%. The ex-dividend date is Wednesday, March 11th. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.79. Principal Financial Group’s dividend payout ratio is 60.72%.

Principal Financial Group Company Profile

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.