Duality Advisers LP purchased a new position in Principal Financial Group Inc (NYSE:PFG) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 43,654 shares of the financial services provider’s stock, valued at approximately $1,813,000.
Several other large investors also recently bought and sold shares of PFG. Prudential PLC bought a new stake in shares of Principal Financial Group in the 1st quarter worth approximately $50,645,000. Squarepoint Ops LLC raised its holdings in shares of Principal Financial Group by 1,041.8% in the 1st quarter. Squarepoint Ops LLC now owns 499,995 shares of the financial services provider’s stock worth $15,670,000 after purchasing an additional 456,206 shares during the period. BlackRock Inc. raised its holdings in shares of Principal Financial Group by 1.3% in the 1st quarter. BlackRock Inc. now owns 23,582,345 shares of the financial services provider’s stock worth $739,072,000 after purchasing an additional 306,036 shares during the period. Balyasny Asset Management LLC bought a new stake in shares of Principal Financial Group in the 1st quarter worth approximately $9,163,000. Finally, Capital Research Global Investors raised its holdings in shares of Principal Financial Group by 2.0% in the 1st quarter. Capital Research Global Investors now owns 14,562,408 shares of the financial services provider’s stock worth $456,386,000 after purchasing an additional 287,658 shares during the period. 68.64% of the stock is currently owned by institutional investors.
In other news, Director Daniel Gelatt purchased 28,148 shares of Principal Financial Group stock in a transaction dated Friday, June 26th. The stock was purchased at an average cost of $35.52 per share, for a total transaction of $999,816.96. Following the transaction, the director now directly owns 187,741 shares of the company’s stock, valued at $6,668,560.32. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 1.50% of the stock is owned by insiders.
PFG opened at $42.43 on Friday. The company has a fifty day moving average price of $42.29 and a 200-day moving average price of $41.63. Principal Financial Group Inc has a one year low of $23.31 and a one year high of $59.34.
Principal Financial Group (NYSE:PFG) last released its quarterly earnings results on Monday, July 27th. The financial services provider reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.16. The firm had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter last year, the firm earned $1.52 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.56 per share. The ex-dividend date is Monday, August 31st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.28%.
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 Global Investors, Principal International, and U.S. Insurance Solutions segments.
Read More: Reverse Stock Split
Receive News & Ratings for Principal Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Principal Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.