Robeco Institutional Asset Management B.V. Sells 7,222 Shares of Principal Financial Group, Inc. (NYSE:PFG)

Robeco Institutional Asset Management B.V. lessened its position in Principal Financial Group, Inc. (NYSE:PFG - Free Report) by 11.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 53,702 shares of the company's stock after selling 7,222 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Principal Financial Group were worth $4,613,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Harbor Capital Advisors Inc. boosted its position in shares of Principal Financial Group by 2.9% during the third quarter. Harbor Capital Advisors Inc. now owns 5,091 shares of the company's stock worth $437,000 after buying an additional 144 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Principal Financial Group by 15.6% in the third quarter. Janney Montgomery Scott LLC now owns 21,764 shares of the company's stock worth $1,870,000 after buying an additional 2,933 shares during the last quarter. Conning Inc. grew its position in Principal Financial Group by 3.6% in the 3rd quarter. Conning Inc. now owns 7,815 shares of the company's stock worth $671,000 after purchasing an additional 274 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Principal Financial Group by 4.1% during the third quarter. Farther Finance Advisors LLC now owns 6,584 shares of the company's stock valued at $566,000 after purchasing an additional 259 shares in the last quarter. Finally, Cigna Investments Inc. New bought a new stake in Principal Financial Group during the 3rd quarter worth approximately $204,000. Hedge funds and other institutional investors own 75.08% of the company's stock.

Analyst Ratings Changes

PFG has been the subject of several recent research reports. Bank of America reduced their price target on Principal Financial Group from $94.00 to $91.00 and set a "neutral" rating for the company in a research report on Thursday, October 10th. 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 research report on Tuesday, July 30th. Jefferies Financial Group upped their target price on Principal Financial Group from $73.00 to $76.00 and gave the stock a "hold" rating in a research note on Thursday, July 18th. Citigroup lifted their target price on shares of Principal Financial Group from $68.00 to $70.00 and gave the company a "sell" rating in a report on Tuesday, July 23rd. Finally, Wells Fargo & Company raised their target price on shares of Principal Financial Group from $85.00 to $86.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Principal Financial Group has a consensus rating of "Hold" and an average target price of $85.58.

Principal Financial Group Stock Down 0.6 %

PFG traded down $0.55 during midday trading on Friday, reaching $85.45. The company's stock had a trading volume of 950,422 shares, compared to its average volume of 1,136,008. The firm has a market capitalization of $19.54 billion, a price-to-earnings ratio of -94.94, a PEG ratio of 0.99 and a beta of 1.20. The stock's 50-day moving average is $84.95 and its 200-day moving average is $81.99. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.35. Principal Financial Group, Inc. has a 1 year low of $68.69 and a 1 year high of $91.97.

Principal Financial Group (NYSE:PFG - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.76 EPS for the quarter, missing analysts' consensus estimates of $2.02 by ($0.26). The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.92 billion. Principal Financial Group had a positive return on equity of 14.67% and a negative net margin of 1.47%. During the same quarter last year, the company earned $1.72 earnings per share. As a group, research analysts expect that Principal Financial Group, Inc. will post 7.12 EPS for the current year.

Principal Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.73 per share. This is a boost from Principal Financial Group's previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.92 annualized dividend and a yield of 3.42%. Principal Financial Group's dividend payout ratio (DPR) is presently -320.00%.

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.