45,524 Shares in Principal Financial Group, Inc. (NYSE:PFG) Bought by Unigestion Holding SA

Unigestion Holding SA acquired a new stake in Principal Financial Group, Inc. (NYSE:PFG - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 45,524 shares of the company's stock, valued at approximately $3,911,000.

Several other large investors have also bought and sold shares of the stock. EdgeRock Capital LLC acquired a new position in shares of Principal Financial Group in the second quarter worth approximately $26,000. Strategic Financial Concepts LLC acquired a new position in Principal Financial Group in the second quarter valued at $32,000. Family Firm Inc. bought a new stake in Principal Financial Group during the second quarter valued at $33,000. Peterson Financial Group Inc. acquired a new stake in Principal Financial Group during the 3rd quarter worth about $33,000. Finally, Innealta Capital LLC acquired a new position in shares of Principal Financial Group in the 2nd quarter valued at about $43,000. 75.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PFG. Royal Bank of Canada increased their price target on Principal Financial Group from $87.00 to $91.00 and gave the stock a "sector perform" rating in a report on Tuesday, November 19th. Barclays lifted their target price on Principal Financial Group from $75.00 to $77.00 and gave the stock an "underweight" rating in a research note on Friday, October 25th. 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 research note on Thursday, December 5th. Piper Sandler increased their price target on shares of Principal Financial Group from $85.00 to $90.00 and gave the company a "neutral" rating in a research report on Wednesday, October 2nd. Finally, Bank of America reduced their price target on Principal Financial Group from $94.00 to $91.00 and set a "neutral" rating on the stock in a report on Thursday, October 10th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $84.75.

Principal Financial Group Stock Performance

NYSE:PFG traded down $0.90 on Wednesday, hitting $79.84. The stock had a trading volume of 1,930,707 shares, compared to its average volume of 1,142,578. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.35. The business's 50-day simple moving average is $86.16 and its two-hundred day simple moving average is $82.47. The stock has a market cap of $18.26 billion, a price-to-earnings ratio of -88.53, a price-to-earnings-growth ratio of 0.98 and a beta of 1.20. Principal Financial Group, Inc. has a 52-week low of $72.21 and a 52-week high of $91.97.

Principal Financial Group (NYSE:PFG - Get Free Report) last announced its 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 during the quarter, compared to the consensus estimate 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 in the prior year, the firm posted $1.72 earnings per share. As a group, research analysts predict that Principal Financial Group, Inc. will post 7.03 earnings per share for the current year.

Principal Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, December 2nd will be paid a $0.73 dividend. This is an increase from Principal Financial Group's previous quarterly dividend of $0.72. This represents a $2.92 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Monday, December 2nd. Principal Financial Group's dividend payout ratio is currently -324.44%.

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.