Principal Financial Group, Inc. (NYSE:PFG) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its position in shares of Principal Financial Group, Inc. (NYSE:PFG - Free Report) by 8.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,275 shares of the company's stock after selling 4,427 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Principal Financial Group were worth $3,814,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. acquired a new stake in Principal Financial Group during the 3rd quarter worth $33,000. Truvestments Capital LLC purchased a new position in shares of Principal Financial Group in the third quarter worth about $43,000. Prospera Private Wealth LLC acquired a new position in Principal Financial Group during the third quarter worth about $45,000. Sugarloaf Wealth Management LLC raised its holdings in 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 acquiring an additional 195 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in Principal Financial Group in the 3rd quarter valued at about $50,000. 75.08% of the stock is owned by institutional investors and hedge funds.

Principal Financial Group Trading Down 0.7 %

Principal Financial Group stock traded down $0.57 during trading on Thursday, hitting $80.00. The company had a trading volume of 2,402,252 shares, compared to its average volume of 1,370,790. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.35. The company's 50 day simple moving average is $80.28 and its 200-day simple moving average is $82.11. Principal Financial Group, Inc. has a 1-year low of $72.21 and a 1-year high of $91.97. The stock has a market cap of $18.30 billion, a price-to-earnings ratio of -88.89, a price-to-earnings-growth ratio of 0.81 and a beta of 1.22.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PFG. Royal Bank of Canada restated a "sector perform" rating and issued a $91.00 price target on shares of Principal Financial Group in a research report on Thursday, January 16th. Barclays upped their target price on Principal Financial Group from $75.00 to $77.00 and gave the company an "underweight" rating in a report on Friday, October 25th. JPMorgan Chase & Co. raised shares of Principal Financial Group from a "neutral" rating to an "overweight" rating and lowered their price target for the company from $95.00 to $92.00 in a research report on Tuesday, January 7th. Piper Sandler upgraded shares of Principal Financial Group from a "neutral" rating to an "overweight" rating and set a $90.00 price objective for the company in a research report on Wednesday, December 18th. Finally, Morgan Stanley reiterated an "underweight" rating and issued a $80.00 target price (down from $86.00) on shares of Principal Financial Group in a report on Thursday, December 5th. 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $84.92.

Principal Financial Group Company 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.