Private Advisor Group LLC reduced its stake in shares of Principal Financial Group Inc (NYSE:PFG) by 11.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,541 shares of the financial services provider’s stock after selling 739 shares during the quarter. Private Advisor Group LLC’s holdings in Principal Financial Group were worth $244,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PFG. Transamerica Financial Advisors Inc. grew its position in shares of Principal Financial Group by 644.9% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 797 shares of the financial services provider’s stock worth $36,000 after buying an additional 690 shares during the period. Lindbrook Capital LLC acquired a new position in shares of Principal Financial Group in the 4th quarter valued at approximately $42,000. Parallel Advisors LLC grew its position in shares of Principal Financial Group by 54.8% in the 4th quarter. Parallel Advisors LLC now owns 1,026 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 363 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of Principal Financial Group by 9,050.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,676,349 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 2,647,101 shares during the period. Finally, Bartlett & Co. LLC acquired a new position in shares of Principal Financial Group in the 4th quarter valued at approximately $64,000. Institutional investors own 68.64% of the company’s stock.

In other Principal Financial Group news, insider Amy Christine Friedrich sold 900 shares of the company’s stock in a transaction that occurred on Thursday, January 17th. The stock was sold at an average price of $49.00, for a total transaction of $44,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Julia M. Lawler sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $52.38, for a total value of $52,380.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,900 shares of company stock valued at $196,650. Insiders own 1.50% of the company’s stock.

Shares of PFG opened at $51.69 on Friday. Principal Financial Group Inc has a 52-week low of $40.42 and a 52-week high of $62.99.

Principal Financial Group (NYSE:PFG) last released its quarterly earnings results on Tuesday, January 29th. The financial services provider reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.18). The business had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same period in the prior year, the business posted $1.19 earnings per share.

Principal Financial Group declared that its board has authorized a share repurchase program on Tuesday, November 27th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Monday, March 4th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend is Friday, March 1st.

Several brokerages recently issued reports on PFG. UBS Group lowered Principal Financial Group from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $46.00 to $45.00 in a research report on Tuesday, February 5th. TheStreet upgraded Principal Financial Group from a “c+” rating to a “b-” rating in a research report on Monday, January 28th. Goldman Sachs Group lowered Principal Financial Group from a “buy” rating to a “neutral” rating and set a $50.00 price objective for the company. in a research report on Tuesday, January 8th. Zacks Investment Research lowered Principal Financial Group from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. Finally, Royal Bank of Canada lowered Principal Financial Group from an “outperform” rating to a “sector perform” rating and set a $49.00 price objective for the company. in a research report on Tuesday, December 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $58.60.

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About Principal Financial Group

Principal Financial Group, Inc provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments.

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

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