UBS Group Increases Principal Financial Group (NYSE:PFG) Price Target to $93.00

Principal Financial Group (NYSE:PFG - Get Free Report) had its price objective lifted by analysts at UBS Group from $87.00 to $93.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. UBS Group's price objective points to a potential upside of 30.78% from the stock's current price.

Other equities analysts also recently issued research reports about the company. Piper Sandler increased their price target on Principal Financial Group from $93.00 to $95.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd. JPMorgan Chase & Co. upgraded shares of Principal Financial Group from a "neutral" rating to an "overweight" rating and dropped their target price for the stock from $95.00 to $92.00 in a report on Tuesday, January 7th. Royal Bank of Canada restated a "sector perform" rating and set a $91.00 price target on shares of Principal Financial Group in a report on Thursday, January 16th. Barclays lifted their price objective on Principal Financial Group from $77.00 to $80.00 and gave the stock an "underweight" rating in a research note on Friday, February 7th. Finally, BMO Capital Markets initiated coverage on Principal Financial Group in a research note on Thursday, January 23rd. They set a "market perform" rating and a $93.00 target price for the company. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $86.57.

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Principal Financial Group Stock Down 2.5 %

Shares of NYSE:PFG traded down $1.83 on Wednesday, reaching $71.11. The company had a trading volume of 710,799 shares, compared to its average volume of 1,226,141. 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 stock has a market capitalization of $16.04 billion, a P/E ratio of 10.65, a P/E/G ratio of 0.76 and a beta of 1.01. The stock has a 50-day moving average price of $84.12 and a 200 day moving average price of $83.67. Principal Financial Group has a twelve month low of $68.76 and a twelve month high of $91.98.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC grew its stake in shares of Principal Financial Group by 66.2% during the third quarter. Sanctuary Advisors LLC now owns 24,932 shares of the company's stock valued at $2,137,000 after purchasing an additional 9,933 shares during the last quarter. Legacy Financial Group LLC acquired a new stake in shares of Principal Financial Group in the 4th quarter valued at $771,000. Columbus Macro LLC raised its position 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 worth $1,986,000 after acquiring an additional 8,169 shares during the last quarter. Lecap Asset Management Ltd. raised its position in shares of Principal Financial Group by 135.6% during the fourth quarter. Lecap Asset Management Ltd. now owns 22,469 shares of the company's stock worth $1,739,000 after acquiring an additional 12,933 shares during the last quarter. Finally, Quantbot Technologies LP boosted its holdings in Principal Financial Group by 2,064.3% in the fourth quarter. Quantbot Technologies LP now owns 148,299 shares of the company's stock valued at $11,480,000 after acquiring an additional 141,447 shares during the last quarter. Institutional investors and hedge funds own 75.08% of the company's stock.

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.