Neo Ivy Capital Management Purchases New Holdings in Principal Financial Group, Inc. $PFG

Neo Ivy Capital Management acquired a new position in Principal Financial Group, Inc. (NYSE:PFG) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 16,914 shares of the company’s stock, valued at approximately $1,402,000.

A number of other hedge funds have also made changes to their positions in the company. Traub Capital Management LLC purchased a new position in shares of Principal Financial Group in the second quarter valued at approximately $26,000. Capital A Wealth Management LLC increased its position in shares of Principal Financial Group by 5,533.3% during the second quarter. Capital A Wealth Management LLC now owns 338 shares of the company’s stock worth $27,000 after purchasing an additional 332 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in Principal Financial Group in the 2nd quarter valued at $45,000. Financial Consulate Inc. acquired a new position in Principal Financial Group in the 3rd quarter valued at $46,000. Finally, MUFG Securities EMEA plc purchased a new position in Principal Financial Group in the 2nd quarter valued at $49,000. Institutional investors and hedge funds own 75.08% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Deanna D. Strable-Soethout sold 7,340 shares of Principal Financial Group 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 sale, the chief executive officer owned 136,828 shares in the company, valued at approximately $12,998,660. This trade represents a 5.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 24,965 shares of company stock valued at $2,352,460. 1.08% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PFG has been the topic of several recent research reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $103.00 target price on shares of Principal Financial Group in a research note on Monday, January 5th. Wells Fargo & Company upgraded shares of Principal Financial Group from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $85.00 to $91.00 in a research report on Wednesday, February 25th. UBS Group raised their price target on shares of Principal Financial Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Bank of America boosted their price target on shares of Principal Financial Group from $95.00 to $96.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Finally, Barclays reiterated an “underweight” rating and issued a $85.00 price objective on shares of Principal Financial Group in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Principal Financial Group currently has a consensus rating of “Hold” and an average target price of $94.11.

Principal Financial Group Stock Performance

NYSE PFG opened at $92.26 on Friday. The stock has a market cap of $20.01 billion, a PE ratio of 13.81, a P/E/G ratio of 0.76 and a beta of 0.87. Principal Financial Group, Inc. has a twelve month low of $68.39 and a twelve month high of $97.88. The stock has a fifty day simple moving average of $92.39 and a 200-day simple moving average of $86.38. 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 (NYSE:PFG) last posted its 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 net margin of 9.74% and a return on equity of 14.68%. During the same quarter 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. Equities analysts anticipate that Principal Financial Group, Inc. will post 8.5 earnings per share for the current year.

Principal Financial Group Increases Dividend

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

Principal Financial Group 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.