Principal Financial Group, Inc. (NYSE:PFG) Shares Sold by Ossiam

Ossiam cut its holdings in Principal Financial Group, Inc. (NYSE:PFG - Free Report) by 70.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,929 shares of the company's stock after selling 14,211 shares during the quarter. Ossiam's holdings in Principal Financial Group were worth $459,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Legacy Financial Group LLC acquired a new stake in Principal Financial Group during the 4th quarter valued at $771,000. Columbus Macro LLC boosted its stake in shares of Principal Financial Group by 46.7% during the fourth quarter. Columbus Macro LLC now owns 25,653 shares of the company's stock valued at $1,986,000 after acquiring an additional 8,169 shares during the last quarter. Lecap Asset Management Ltd. increased its position in Principal Financial Group by 135.6% during the 4th quarter. Lecap Asset Management Ltd. now owns 22,469 shares of the company's stock worth $1,739,000 after purchasing an additional 12,933 shares in the last quarter. Quantbot Technologies LP raised its stake in Principal Financial Group by 2,064.3% in the 4th quarter. Quantbot Technologies LP now owns 148,299 shares of the company's stock valued at $11,480,000 after purchasing an additional 141,447 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in Principal Financial Group by 2.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,223 shares of the company's stock valued at $404,000 after purchasing an additional 132 shares in the last quarter. 75.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Principal Financial Group from a "neutral" rating to an "overweight" rating and cut their price objective for the company from $95.00 to $92.00 in a research report on Tuesday, January 7th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $91.00 price objective on shares of Principal Financial Group in a research note on Thursday, January 16th. Wells Fargo & Company decreased their price target on shares of Principal Financial Group from $74.00 to $68.00 and set an "underweight" rating for the company in a research report on Thursday, April 10th. UBS Group increased their target price on Principal Financial Group from $87.00 to $93.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Finally, Piper Sandler boosted their price target on Principal Financial Group from $93.00 to $95.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Principal Financial Group has an average rating of "Hold" and a consensus target price of $84.69.

Principal Financial Group Stock Up 3.7 %

NYSE:PFG opened at $72.85 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.30 and a current ratio of 0.29. The company has a market capitalization of $16.39 billion, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of 0.76 and a beta of 1.01. Principal Financial Group, Inc. has a one year low of $68.39 and a one year high of $91.98. The stock has a 50-day simple moving average of $81.21 and a 200 day simple moving average of $82.42.

Principal Financial Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Wednesday, March 12th were given a dividend of $0.75 per share. This is a positive change from Principal Financial Group's previous quarterly dividend of $0.73. This represents a $3.00 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend was Wednesday, March 12th. Principal Financial Group's dividend payout ratio is currently 44.91%.

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.

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