TD Asset Management Inc Purchases 15,146 Shares of Principal Financial Group, Inc. $PFG

TD Asset Management Inc lifted its stake in shares of Principal Financial Group, Inc. (NYSE:PFG) by 13.9% in the 3rd quarter, Holdings Channel reports. The fund owned 124,393 shares of the company’s stock after acquiring an additional 15,146 shares during the quarter. TD Asset Management Inc’s holdings in Principal Financial Group were worth $10,313,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PFG. Traub Capital Management LLC bought a new stake in Principal Financial Group in the second quarter valued at approximately $26,000. Capital A Wealth Management LLC boosted its stake in Principal Financial Group by 5,533.3% during 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 in the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Principal Financial Group during the second quarter valued at approximately $45,000. Financial Consulate Inc. purchased a new stake in shares of Principal Financial Group in the third quarter worth approximately $46,000. Finally, Hantz Financial Services Inc. grew its position in Principal Financial Group by 206.6% during the second quarter. Hantz Financial Services Inc. now owns 604 shares of the company’s stock valued at $48,000 after buying an additional 407 shares during the period. 75.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Principal Financial Group

In other Principal Financial Group news, CEO Deanna D. Strable-Soethout sold 9,300 shares of the business’s 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 sale, the chief executive officer owned 144,168 shares in the company, valued at approximately $13,713,260.16. The trade was a 6.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 24,965 shares of company stock valued at $2,352,460 over the last ninety days. 1.08% of the stock is currently owned by insiders.

Principal Financial Group Stock Performance

Shares of PFG opened at $95.83 on Tuesday. The company has a quick ratio of 0.30, a current ratio of 0.29 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $20.78 billion, a PE ratio of 14.35, a P/E/G ratio of 0.76 and a beta of 0.89. The company has a 50-day simple moving average of $92.09 and a 200-day simple moving average of $86.06. Principal Financial Group, Inc. has a 52-week low of $68.39 and a 52-week high of $97.88.

Principal Financial Group (NYSE:PFG) last announced its quarterly earnings data 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 return on equity of 14.68% and a net margin of 9.74%.During the same quarter last year, the business earned $1.94 EPS. Principal Financial Group has set its FY 2026 guidance at 9.010-9.260 EPS. Equities research analysts predict that Principal Financial Group, Inc. will post 8.5 earnings per share for the current fiscal year.

Principal Financial Group Increases Dividend

The company also recently disclosed 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. This represents a $3.20 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Wednesday, March 11th. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.79. Principal Financial Group’s dividend payout ratio is 60.72%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PFG shares. UBS Group lifted their price objective on shares of Principal Financial Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Piper Sandler upped their target price on shares of Principal Financial Group from $94.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, December 23rd. Bank of America boosted their price target on shares of Principal Financial Group from $95.00 to $96.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $103.00 target price on shares of Principal Financial Group in a research note on Monday, January 5th. Finally, Morgan Stanley set a $93.00 price objective on shares of Principal Financial Group in a research note on Monday, December 15th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $93.89.

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.