Principal Financial Group, Inc. $PFG Position Boosted by Rhumbline Advisers

Rhumbline Advisers lifted its stake in Principal Financial Group, Inc. (NYSE:PFG) by 1.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 492,804 shares of the company’s stock after purchasing an additional 8,347 shares during the quarter. Rhumbline Advisers owned 0.22% of Principal Financial Group worth $40,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Principal Financial Group during the 1st quarter valued at $244,000. NewEdge Advisors LLC raised its holdings in shares of Principal Financial Group by 24.1% during the first quarter. NewEdge Advisors LLC now owns 7,503 shares of the company’s stock worth $633,000 after acquiring an additional 1,455 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Principal Financial Group by 11.9% during the first quarter. Empowered Funds LLC now owns 4,678 shares of the company’s stock worth $395,000 after acquiring an additional 497 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in Principal Financial Group by 11.5% during the second quarter. Concurrent Investment Advisors LLC now owns 3,340 shares of the company’s stock valued at $265,000 after purchasing an additional 344 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in Principal Financial Group by 96.9% in the second quarter. Sequoia Financial Advisors LLC now owns 9,224 shares of the company’s stock valued at $733,000 after purchasing an additional 4,540 shares in the last quarter. 75.08% of the stock is currently owned by institutional investors and hedge funds.

Principal Financial Group Price Performance

Shares of Principal Financial Group stock opened at $90.39 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.30 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $91.10 and a 200-day simple moving average of $84.67. The stock has a market capitalization of $20.14 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 0.76 and a beta of 0.89. Principal Financial Group, Inc. has a 1-year low of $68.39 and a 1-year high of $97.88.

Principal Financial Group (NYSE:PFG) last posted its earnings results on Monday, February 9th. The company reported $2.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.03). Principal Financial Group had a net margin of 9.74% and a return on equity of 14.68%. During the same quarter last year, the business earned $1.94 earnings per share. Principal Financial Group has set its FY 2026 guidance at 9.010-9.260 EPS. On average, sell-side analysts expect that Principal Financial Group, Inc. will post 8.5 earnings per share for the current year.

Principal Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Wednesday, March 11th will be given a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $3.20 annualized dividend and a yield of 3.5%. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.79. Principal Financial Group’s dividend payout ratio (DPR) is presently 60.72%.

Analyst Ratings Changes

PFG has been the subject of a number of recent research reports. Bank of America raised their price target on Principal Financial Group from $95.00 to $96.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. Barclays reiterated an “underweight” rating and issued a $85.00 target price on shares of Principal Financial Group in a research note on Thursday, January 8th. JPMorgan Chase & Co. restated a “neutral” rating and set a $103.00 price target on shares of Principal Financial Group in a research note on Monday, January 5th. Wells Fargo & Company raised their price target on shares of Principal Financial Group from $74.00 to $85.00 and gave the company an “underweight” rating in a report on Tuesday, January 13th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Principal Financial Group from $90.00 to $91.00 and gave the company a “market perform” rating in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $93.22.

Insider Activity at Principal Financial Group

In other news, CEO Deanna D. Strable-Soethout sold 9,300 shares of the stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $95.12, for a total value of $884,616.00. Following the completion of the sale, the chief executive officer directly owned 144,168 shares of the company’s stock, valued at approximately $13,713,260.16. This represents a 6.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 24,965 shares of company stock worth $2,352,460 in the last three months. 1.08% of the stock is owned by insiders.

Principal Financial Group Company Profile

Principal Financial Group, commonly known as Principal, is a global financial services company headquartered in Des Moines, Iowa. The firm provides a broad range of retirement, investment management and insurance solutions for individual, employer and institutional clients. Its core businesses include retirement plan services and recordkeeping, asset management, and life and disability insurance, supported by distribution through employers, financial advisors and direct channels.

On the retirement side, Principal offers 401(k) and other workplace retirement plans, individual retirement accounts and annuity products designed to help clients accumulate and manage retirement savings.