Neo Ivy Capital Management Invests $1.40 Million in Principal Financial Group, Inc. $PFG

Neo Ivy Capital Management acquired a new stake in shares of Principal Financial Group, Inc. (NYSE:PFG) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 16,914 shares of the company’s stock, valued at approximately $1,402,000.

Other large investors also recently bought and sold shares of the company. Traub Capital Management LLC bought a new position in Principal Financial Group during the 2nd quarter valued at about $26,000. Capital A Wealth Management LLC grew its stake in shares of Principal Financial Group by 5,533.3% in the second quarter. Capital A Wealth Management LLC now owns 338 shares of the company’s stock worth $27,000 after acquiring an additional 332 shares during the period. CYBER HORNET ETFs LLC bought a new stake in shares of Principal Financial Group in the second quarter worth approximately $45,000. Financial Consulate Inc. purchased a new position in shares of Principal Financial Group during the third quarter valued at approximately $46,000. Finally, MUFG Securities EMEA plc bought a new position in Principal Financial Group during the second quarter valued at approximately $49,000. 75.08% of the stock is currently owned by institutional investors.

Principal Financial Group Trading Down 1.3%

NYSE:PFG opened at $92.26 on Friday. Principal Financial Group, Inc. has a one year low of $68.39 and a one year high of $97.88. The business has a fifty day moving average price of $92.39 and a 200-day moving average price of $86.38. The firm has a market capitalization of $20.01 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 0.76 and a beta of 0.87. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.29 and a quick ratio of 0.30.

Principal Financial Group (NYSE:PFG) last released its earnings results on Monday, February 9th. The company reported $2.19 earnings per share for the quarter, missing the consensus estimate 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 period in the previous year, the company earned $1.94 EPS. Principal Financial Group has set its FY 2026 guidance at 9.010-9.260 EPS. Sell-side analysts forecast that Principal Financial Group, Inc. will post 8.5 EPS for the current year.

Principal Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Wednesday, March 11th will be paid a dividend of $0.80 per share. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.79. The ex-dividend date is Wednesday, March 11th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.5%. Principal Financial Group’s dividend payout ratio is presently 60.72%.

Analyst Ratings Changes

PFG has been the topic of several research reports. Bank of America raised their target price on shares of Principal Financial Group from $95.00 to $96.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Piper Sandler raised their price target on Principal Financial Group from $94.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 23rd. Morgan Stanley upped their price objective on Principal Financial Group from $93.00 to $95.00 and gave the company an “equal weight” rating in a research report on Tuesday. UBS Group raised their target price on Principal Financial Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Finally, Wells Fargo & Company raised shares of Principal Financial Group from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $85.00 to $91.00 in a research report on Wednesday, February 25th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $94.11.

Insider Transactions at Principal Financial Group

In other Principal Financial Group news, CEO Deanna D. Strable-Soethout sold 7,340 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $95.00, for a total transaction of $697,300.00. Following the sale, the chief executive officer owned 136,828 shares in the company, valued at approximately $12,998,660. This trade represents a 5.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have sold 24,965 shares of company stock valued at $2,352,460. Corporate insiders own 1.08% of the company’s stock.

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.