Renaissance Group LLC trimmed its position in shares of Principal Financial Group Inc (NYSE:PFG) by 5.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 42,175 shares of the financial services provider’s stock after selling 2,263 shares during the quarter. Renaissance Group LLC’s holdings in Principal Financial Group were worth $2,714,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PFG. Janus Henderson Group PLC lifted its position in shares of Principal Financial Group by 6,656.1% during the second quarter. Janus Henderson Group PLC now owns 3,020,597 shares of the financial services provider’s stock valued at $193,529,000 after buying an additional 2,975,888 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Principal Financial Group by 1,613.5% during the second quarter. Nordea Investment Management AB now owns 668,624 shares of the financial services provider’s stock valued at $42,839,000 after buying an additional 629,604 shares during the last quarter. Old Mutual Global Investors UK Ltd. lifted its position in shares of Principal Financial Group by 104.5% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,180,596 shares of the financial services provider’s stock valued at $75,959,000 after buying an additional 603,342 shares during the last quarter. BlackRock Inc. lifted its position in shares of Principal Financial Group by 3.3% during the second quarter. BlackRock Inc. now owns 18,306,790 shares of the financial services provider’s stock valued at $1,172,916,000 after buying an additional 592,172 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Principal Financial Group by 2.0% during the second quarter. Vanguard Group Inc. now owns 30,237,096 shares of the financial services provider’s stock valued at $1,937,291,000 after buying an additional 587,221 shares during the last quarter. 68.13% of the stock is owned by institutional investors and hedge funds.

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In other Principal Financial Group news, insider James P. Mccaughan sold 6,193 shares of Principal Financial Group stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $62.33, for a total value of $386,009.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nora Mary Everett sold 12,398 shares of Principal Financial Group stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $68.00, for a total value of $843,064.00. The disclosure for this sale can be found here. Insiders have sold a total of 143,537 shares of company stock valued at $9,313,955 over the last three months. Corporate insiders own 1.50% of the company’s stock.

Shares of Principal Financial Group Inc (PFG) traded down $0.27 on Wednesday, hitting $68.55. The company’s stock had a trading volume of 776,900 shares, compared to its average volume of 1,110,814. Principal Financial Group Inc has a twelve month low of $56.12 and a twelve month high of $69.95. The firm has a market cap of $19,872.10, a P/E ratio of 13.41, a PEG ratio of 1.32 and a beta of 1.71. 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 (NYSE:PFG) last issued its earnings results on Thursday, October 26th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.02). Principal Financial Group had a return on equity of 13.55% and a net margin of 12.35%. The company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same period last year, the business earned $1.15 earnings per share. equities analysts expect that Principal Financial Group Inc will post 5.22 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors 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 2.86%. 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 (DPR) is presently 30.82%.

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada restated a “buy” rating and set a $74.00 price objective on shares of Principal Financial Group in a report on Wednesday, September 6th. Zacks Investment Research downgraded shares of Principal Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. BidaskClub downgraded shares of Principal Financial Group from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Goldman Sachs Group, Inc. (The) started coverage on shares of Principal Financial Group in a report on Wednesday, October 18th. They issued a “neutral” rating and a $70.00 price target on the stock. Finally, Wells Fargo & Company set a $76.00 price target on shares of Principal Financial Group and gave the stock a “buy” rating in a report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Principal Financial Group presently has an average rating of “Hold” and a consensus target price of $67.40.

Principal Financial Group Company 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.

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

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