Thrivent Financial for Lutherans Lowers Stake in Principal Financial Group, Inc. $PFG

Thrivent Financial for Lutherans lowered its stake in shares of Principal Financial Group, Inc. (NYSE:PFG) by 34.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,569 shares of the company’s stock after selling 11,034 shares during the period. Thrivent Financial for Lutherans’ holdings in Principal Financial Group were worth $1,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Traub Capital Management LLC purchased a new position in shares of Principal Financial Group during the second quarter valued at about $26,000. Capital A Wealth Management LLC raised its holdings in shares of Principal Financial Group by 5,533.3% during the 2nd quarter. Capital A Wealth Management LLC now owns 338 shares of the company’s stock worth $27,000 after acquiring an additional 332 shares in the last quarter. Curio Wealth LLC boosted its position in shares of Principal Financial Group by 37,800.0% during the 2nd quarter. Curio Wealth LLC now owns 379 shares of the company’s stock valued at $30,000 after acquiring an additional 378 shares during the last quarter. Private Wealth Asset Management LLC grew its holdings in shares of Principal Financial Group by 163.4% in the second quarter. Private Wealth Asset Management LLC now owns 403 shares of the company’s stock valued at $32,000 after purchasing an additional 250 shares in the last quarter. Finally, Financial Consulate Inc. bought a new stake in Principal Financial Group in the third quarter worth $46,000. Institutional investors own 75.08% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Deanna D. Strable-Soethout sold 9,300 shares of Principal Financial Group stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $95.12, for a total transaction of $884,616.00. Following the completion of the sale, the chief executive officer directly owned 144,168 shares in the company, valued at $13,713,260.16. The trade was a 6.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders 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 Stock Performance

Shares of PFG opened at $90.51 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. Principal Financial Group, Inc. has a 12-month low of $68.39 and a 12-month high of $97.88. The firm has a market cap of $20.16 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 0.76 and a beta of 0.89. The company’s 50 day simple moving average is $91.04 and its 200-day simple moving average is $84.57.

Principal Financial Group (NYSE:PFG) last issued its quarterly earnings data on Monday, February 9th. The company reported $2.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.03). Principal Financial Group had a return on equity of 14.68% and a net margin of 9.74%.During the same period last year, the company earned $1.94 EPS. Principal Financial Group has set its FY 2026 guidance at 9.010-9.260 EPS. As a group, equities analysts predict that Principal Financial Group, Inc. will post 8.5 EPS for the current year.

Principal Financial Group Increases Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PFG shares. Bank of America upped their price objective on Principal Financial Group from $95.00 to $96.00 and gave the company a “neutral” rating in a research report on Tuesday. Morgan Stanley set a $93.00 price target on Principal Financial Group in a report on Monday, December 15th. UBS Group raised their price target on Principal Financial Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $103.00 price objective on shares of Principal Financial Group in a research report on Monday, January 5th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Principal Financial Group from $90.00 to $91.00 and gave the stock a “market perform” rating in a report on Thursday, October 30th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Principal Financial Group presently has a consensus rating of “Reduce” and a consensus price target of $93.22.

Principal Financial Group 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.