Dalton Greiner Hartman Maher & Co. Takes Position in Principal Financial Group Inc (PFG)
Dalton Greiner Hartman Maher & Co. acquired a new position in shares of Principal Financial Group Inc (NYSE:PFG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 185,027 shares of the financial services provider’s stock, valued at approximately $13,056,000.
Several other institutional investors also recently made changes to their positions in the company. Pensionfund Sabic bought a new stake in shares of Principal Financial Group during the 4th quarter worth approximately $1,623,000. Pensionfund DSM Netherlands bought a new stake in shares of Principal Financial Group during the 4th quarter worth approximately $3,246,000. Parametric Portfolio Associates LLC raised its stake in shares of Principal Financial Group by 8.3% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 845,846 shares of the financial services provider’s stock worth $54,422,000 after purchasing an additional 64,811 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Principal Financial Group during the 3rd quarter worth approximately $379,000. Finally, GSA Capital Partners LLP raised its stake in shares of Principal Financial Group by 19.4% during the 3rd quarter. GSA Capital Partners LLP now owns 14,376 shares of the financial services provider’s stock worth $925,000 after purchasing an additional 2,332 shares in the last quarter. Institutional investors own 68.64% of the company’s stock.
Shares of Principal Financial Group Inc (NYSE:PFG) opened at $73.38 on Thursday. Principal Financial Group Inc has a 12 month low of $56.12 and a 12 month high of $74.05. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $21,190.00, a price-to-earnings ratio of 12.03, a P/E/G ratio of 1.35 and a beta of 1.72.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Monday, December 4th were given a dividend of $0.49 per share. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, December 1st. This represents a $1.96 annualized dividend and a yield of 2.67%. Principal Financial Group’s dividend payout ratio (DPR) is presently 32.13%.
A number of research firms recently weighed in on PFG. Wells Fargo & Co set a $79.00 price target on Principal Financial Group and gave the company a “buy” rating in a research note on Thursday, December 7th. Zacks Investment Research cut Principal Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Keefe, Bruyette & Woods restated a “hold” rating and issued a $73.00 price target on shares of Principal Financial Group in a research note on Monday, December 11th. Goldman Sachs Group upgraded Principal Financial Group from a “neutral” rating to a “buy” rating in a research note on Tuesday. Finally, Morgan Stanley increased their price target on Principal Financial Group from $67.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $68.50.
In other Principal Financial Group news, insider Nora Mary Everett sold 12,398 shares of the stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $68.00, for a total transaction of $843,064.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Daniel Joseph Houston sold 37,080 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $70.05, for a total value of $2,597,454.00. The disclosure for this sale can be found here. Insiders have sold a total of 369,535 shares of company stock worth $25,938,392 in the last quarter. Company insiders own 1.50% of the company’s stock.
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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