Principal Financial Group, Inc. (NYSE:PFG) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC lifted its holdings in shares of Principal Financial Group, Inc. (NYSE:PFG - Free Report) by 11.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 88,088 shares of the company's stock after acquiring an additional 9,209 shares during the period. Natixis Advisors LLC's holdings in Principal Financial Group were worth $7,567,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Sei Investments Co. grew its position in shares of Principal Financial Group by 59.4% in the 1st quarter. Sei Investments Co. now owns 24,275 shares of the company's stock valued at $2,095,000 after buying an additional 9,048 shares during the last quarter. Blair William & Co. IL lifted its holdings in shares of Principal Financial Group by 7.5% in the 1st quarter. Blair William & Co. IL now owns 4,905 shares of the company's stock valued at $423,000 after purchasing an additional 342 shares during the last quarter. Bessemer Group Inc. grew its stake in Principal Financial Group by 473.8% during the 1st quarter. Bessemer Group Inc. now owns 19,423 shares of the company's stock worth $1,675,000 after buying an additional 16,038 shares during the last quarter. Axxcess Wealth Management LLC purchased a new position in Principal Financial Group during the 1st quarter worth approximately $210,000. Finally, Toronto Dominion Bank lifted its stake in Principal Financial Group by 2.5% in the first quarter. Toronto Dominion Bank now owns 194,393 shares of the company's stock valued at $16,778,000 after buying an additional 4,678 shares during the last quarter. 75.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PFG has been the topic of a number of research reports. Piper Sandler raised their target price on shares of Principal Financial Group from $85.00 to $90.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods reduced their target price on shares of Principal Financial Group from $88.00 to $86.00 and set a "market perform" rating for the company in a report on Tuesday, July 30th. Wells Fargo & Company raised their price target on Principal Financial Group from $85.00 to $86.00 and gave the stock an "equal weight" rating in a report on Thursday, October 10th. Barclays boosted their price target on Principal Financial Group from $75.00 to $77.00 and gave the company an "underweight" rating in a research report on Friday, October 25th. Finally, Morgan Stanley decreased their price objective on Principal Financial Group from $85.00 to $83.00 and set an "equal weight" rating for the company in a research report on Monday, August 19th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $85.92.

Principal Financial Group Price Performance

Shares of NYSE:PFG traded up $1.03 on Friday, reaching $85.73. 675,708 shares of the company were exchanged, compared to its average volume of 1,140,441. The company has a 50-day moving average of $86.03 and a 200-day moving average of $82.33. 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 firm has a market cap of $19.61 billion, a price-to-earnings ratio of -95.10, a price-to-earnings-growth ratio of 0.97 and a beta of 1.20. Principal Financial Group, Inc. has a 1-year low of $71.39 and a 1-year high of $91.97.

Principal Financial Group (NYSE:PFG - Get Free Report) last issued its earnings results on Thursday, October 24th. The company reported $1.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.02 by ($0.26). Principal Financial Group had a negative net margin of 1.47% and a positive return on equity of 14.67%. The company had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $3.92 billion. During the same period last year, the business posted $1.72 earnings per share. Equities analysts forecast that Principal Financial Group, Inc. will post 7.09 earnings per share for the current fiscal year.

Principal Financial Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Monday, December 2nd. This is an increase from Principal Financial Group's previous quarterly dividend of $0.72. Principal Financial Group's payout ratio is -324.44%.

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.