Tokio Marine Asset Management Co. Ltd. lowered its stake in shares of Principal Financial Group Inc (NYSE:PFG) by 19.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,139 shares of the financial services provider’s stock after selling 761 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Principal Financial Group were worth $202,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in PFG. BerganKDV Wealth Management LLC acquired a new position in shares of Principal Financial Group during the 3rd quarter worth approximately $384,000. State of Tennessee Treasury Department increased its holdings in shares of Principal Financial Group by 25.7% during the 2nd quarter. State of Tennessee Treasury Department now owns 129,360 shares of the financial services provider’s stock worth $8,288,000 after acquiring an additional 26,432 shares during the last quarter. Swiss National Bank increased its holdings in shares of Principal Financial Group by 3.0% during the 2nd quarter. Swiss National Bank now owns 1,050,263 shares of the financial services provider’s stock worth $67,290,000 after acquiring an additional 30,900 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in shares of Principal Financial Group during the 2nd quarter worth approximately $2,210,000. Finally, Chicago Equity Partners LLC acquired a new position in shares of Principal Financial Group during the 2nd quarter worth approximately $2,880,000. Institutional investors own 68.58% of the company’s stock.

Principal Financial Group Inc (NYSE:PFG) opened at $69.22 on Tuesday. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.26. Principal Financial Group Inc has a 1-year low of $52.67 and a 1-year high of $69.40. The company has a market capitalization of $19,727.72, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 1.42 and a beta of 1.71.

Principal Financial Group (NYSE:PFG) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.02). Principal Financial Group had a net margin of 12.35% and a return on equity of 13.55%. The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same period in the prior year, the company earned $1.15 earnings per share. equities research analysts predict that Principal Financial Group Inc will post 5.22 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Monday, December 4th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.83%. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, December 1st. Principal Financial Group’s dividend payout ratio is presently 30.82%.

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In other news, insider James P. Mccaughan sold 60,814 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $62.10, for a total transaction of $3,776,549.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Karen E. Shaff sold 17,082 shares of the company’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $68.00, for a total value of $1,161,576.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 143,537 shares of company stock valued at $9,313,955. Corporate insiders own 1.50% of the company’s stock.

A number of research analysts recently weighed in on PFG shares. Barclays PLC boosted their target price on Principal Financial Group from $61.00 to $63.00 and gave the stock an “equal weight” rating in a report on Friday, August 11th. Morgan Stanley boosted their target price on Principal Financial Group from $67.00 to $72.00 and gave the stock an “equal weight” rating in a report on Thursday, October 5th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $68.00 target price on shares of Principal Financial Group in a report on Thursday, August 3rd. Wells Fargo & Company set a $76.00 target price on Principal Financial Group and gave the stock a “buy” rating in a report on Wednesday, October 18th. Finally, Zacks Investment Research raised Principal Financial Group from a “sell” rating to a “hold” rating and set a $73.00 target price on the stock in a report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Principal Financial Group has an average rating of “Hold” and a consensus price target of $67.40.

Principal Financial Group Profile

Principal Financial Group, Inc is an investment management company. The Company offers a range of financial products and services, including retirement, asset management and insurance. Its segments include Retirement and Income Solutions; Principal Global Investors, Principal International; U.S. Insurance Solutions, and Corporate.

Institutional Ownership by Quarter for Principal Financial Group (NYSE:PFG)

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