Brandywine Global Investment Management LLC Has $10.43 Million Stake in Principal Financial Group, Inc. (NYSE:PFG)

Brandywine Global Investment Management LLC cut its position in shares of Principal Financial Group, Inc. (NYSE:PFG - Free Report) by 7.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,700 shares of the company's stock after selling 10,382 shares during the period. Brandywine Global Investment Management LLC owned 0.06% of Principal Financial Group worth $10,427,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in PFG. Curio Wealth LLC bought a new position in Principal Financial Group during the fourth quarter valued at approximately $29,000. BankPlus Trust Department acquired a new position in shares of Principal Financial Group during the 4th quarter worth $33,000. Sugarloaf Wealth Management LLC lifted its stake in shares of Principal Financial Group by 53.6% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 559 shares of the company's stock valued at $43,000 after purchasing an additional 195 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Principal Financial Group in the 4th quarter valued at $46,000. Finally, Whipplewood Advisors LLC bought a new stake in Principal Financial Group in the fourth quarter worth $54,000. 75.08% of the stock is currently owned by institutional investors and hedge funds.

Principal Financial Group Stock Performance

Principal Financial Group stock traded down $6.87 during mid-day trading on Thursday, reaching $79.32. The company had a trading volume of 1,412,282 shares, compared to its average volume of 1,220,384. The company has a quick ratio of 0.30, a current ratio of 0.29 and a debt-to-equity ratio of 0.36. The firm has a market cap of $17.89 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 0.76 and a beta of 1.17. The company has a 50 day moving average of $84.35 and a 200-day moving average of $83.76. Principal Financial Group, Inc. has a 52 week low of $72.21 and a 52 week high of $91.98.

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Principal Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Wednesday, March 12th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend was Wednesday, March 12th. This is a boost from Principal Financial Group's previous quarterly dividend of $0.73. Principal Financial Group's dividend payout ratio (DPR) is presently 44.91%.

Analysts Set New Price Targets

A number of analysts have weighed in on PFG shares. Keefe, Bruyette & Woods boosted their price target on Principal Financial Group from $90.00 to $92.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 12th. Piper Sandler raised their price objective on Principal Financial Group from $93.00 to $95.00 and gave the company an "overweight" rating in a research note on Wednesday. JPMorgan Chase & Co. raised Principal Financial Group from a "neutral" rating to an "overweight" rating and decreased their target price for the stock from $95.00 to $92.00 in a research report on Tuesday, January 7th. Barclays increased their price target on Principal Financial Group from $77.00 to $80.00 and gave the company an "underweight" rating in a report on Friday, February 7th. Finally, Wells Fargo & Company boosted their price objective on shares of Principal Financial Group from $69.00 to $74.00 and gave the stock an "underweight" rating in a research note on Wednesday, February 19th. Four analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $86.57.

Principal Financial Group Profile

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 Asset Management, and Benefits and Protection segments. The Retirement and Income Solutions segment provides retirement, and related financial products and services.