Pacer Advisors Inc. raised its holdings in Principal Financial Group Inc (NYSE:PFG) by 19.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,645 shares of the financial services provider’s stock after purchasing an additional 1,076 shares during the quarter. Pacer Advisors Inc.’s holdings in Principal Financial Group were worth $428,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of PFG. NGAM Advisors L.P. boosted its stake in shares of Principal Financial Group by 4.1% during the 2nd quarter. NGAM Advisors L.P. now owns 15,925 shares of the financial services provider’s stock worth $1,020,000 after acquiring an additional 623 shares in the last quarter. Eagle Global Advisors LLC purchased a new stake in shares of Principal Financial Group during the 2nd quarter worth about $207,000. Great West Life Assurance Co. Can boosted its stake in shares of Principal Financial Group by 40.1% during the 2nd quarter. Great West Life Assurance Co. Can now owns 334,549 shares of the financial services provider’s stock worth $21,401,000 after acquiring an additional 95,763 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Principal Financial Group by 0.4% during the 2nd quarter. CIBC Asset Management Inc now owns 25,495 shares of the financial services provider’s stock worth $1,633,000 after acquiring an additional 93 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its stake in shares of Principal Financial Group by 12.5% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 40,070 shares of the financial services provider’s stock worth $2,567,000 after acquiring an additional 4,465 shares in the last quarter. 68.81% of the stock is currently owned by institutional investors.

Several research firms have recently issued reports on PFG. Royal Bank Of Canada reissued a “buy” rating and set a $74.00 target price on shares of Principal Financial Group in a research note on Wednesday, September 6th. BidaskClub lowered shares of Principal Financial Group from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Zacks Investment Research lowered shares of Principal Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Barclays increased their target price on shares of Principal Financial Group from $61.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Friday, August 11th. Finally, Morgan Stanley increased their target price on shares of Principal Financial Group from $67.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Principal Financial Group currently has an average rating of “Hold” and a consensus target price of $67.40.

Shares of Principal Financial Group Inc (PFG) traded down $0.27 during trading on Monday, reaching $70.52. 1,577,400 shares of the company were exchanged, compared to its average volume of 1,112,563. The stock has a market cap of $20,362.98, a price-to-earnings ratio of 13.75, a PEG ratio of 1.35 and a beta of 1.71. Principal Financial Group Inc has a 1 year low of $56.12 and a 1 year high of $72.23. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.10 and a quick ratio of 0.10.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Monday, December 4th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, December 1st. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.47. This represents a $1.96 dividend on an annualized basis and a yield of 2.78%. Principal Financial Group’s dividend payout ratio (DPR) is currently 30.82%.

In other Principal Financial Group news, insider James P. Mccaughan sold 60,814 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $62.10, for a total value of $3,776,549.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nora Mary Everett sold 12,398 shares of the stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $68.00, for a total transaction of $843,064.00. The disclosure for this sale can be found here. Insiders sold a total of 199,522 shares of company stock worth $13,236,083 over the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

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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.

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

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