Dimensional Fund Advisors LP lowered its position in shares of Principal Financial Group Inc (NYSE:PFG) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,662,171 shares of the financial services provider’s stock after selling 43,271 shares during the period. Dimensional Fund Advisors LP owned 1.27% of Principal Financial Group worth $235,615,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Janus Henderson Group PLC boosted its stake in Principal Financial Group by 6,656.1% in the second quarter. Janus Henderson Group PLC now owns 3,020,597 shares of the financial services provider’s stock valued at $193,529,000 after acquiring an additional 2,975,888 shares in the last quarter. Nordea Investment Management AB boosted its stake in Principal Financial Group by 1,613.5% in the second quarter. Nordea Investment Management AB now owns 668,624 shares of the financial services provider’s stock valued at $42,839,000 after acquiring an additional 629,604 shares in the last quarter. Old Mutual Global Investors UK Ltd. boosted its stake in Principal Financial Group by 104.5% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,180,596 shares of the financial services provider’s stock valued at $75,959,000 after acquiring an additional 603,342 shares in the last quarter. BlackRock Inc. boosted its stake in Principal Financial Group by 3.3% in the second quarter. BlackRock Inc. now owns 18,306,790 shares of the financial services provider’s stock valued at $1,172,916,000 after acquiring an additional 592,172 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Principal Financial Group by 2.0% in the second quarter. Vanguard Group Inc. now owns 30,237,096 shares of the financial services provider’s stock valued at $1,937,291,000 after acquiring an additional 587,221 shares in the last quarter. Hedge funds and other institutional investors own 68.76% of the company’s stock.

Several equities analysts have issued reports on PFG shares. Wells Fargo & Company set a $76.00 price objective on shares of Principal Financial Group and gave the company a “buy” rating in a research note on Wednesday, October 18th. Royal Bank Of Canada restated a “buy” rating and issued a $74.00 price objective on shares of Principal Financial Group in a research note on Wednesday, September 6th. Morgan Stanley upped their price objective on shares of Principal Financial Group from $67.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $73.00 price objective on shares of Principal Financial Group in a research note on Monday. Finally, Zacks Investment Research upgraded shares of Principal Financial Group from a “sell” rating to a “hold” rating and set a $73.00 price objective for the company in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Principal Financial Group has an average rating of “Hold” and an average target price of $68.20.

In other news, insider Nora Mary Everett sold 12,398 shares of the stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $68.00, for a total transaction of $843,064.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James P. Mccaughan sold 6,193 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $62.33, for a total transaction of $386,009.69. The disclosure for this sale can be found here. Insiders have sold 197,606 shares of company stock valued at $13,630,935 in the last quarter. Insiders own 1.50% of the company’s stock.

Shares of Principal Financial Group Inc (NYSE:PFG) traded up $0.77 on Monday, hitting $71.76. 803,100 shares of the stock traded hands, compared to its average volume of 1,110,419. Principal Financial Group Inc has a twelve month low of $56.12 and a twelve month high of $72.23. The firm has a market capitalization of $20,721.04, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 1.38 and a beta of 1.71. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.26.

Principal Financial Group (NYSE:PFG) last announced its earnings results on Thursday, October 26th. The financial services provider reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.02). Principal Financial Group had a return on equity of 13.55% and a net margin of 12.35%. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same quarter last year, the company posted $1.15 EPS. sell-side analysts forecast that Principal Financial Group Inc will post 5.22 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Monday, December 4th will be paid a dividend of $0.49 per share. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, December 1st. This represents a $1.96 annualized dividend and a dividend yield of 2.73%. Principal Financial Group’s dividend payout ratio is 32.13%.

ILLEGAL ACTIVITY NOTICE: “Dimensional Fund Advisors LP Has $235.62 Million Position in Principal Financial Group Inc (PFG)” was first posted by Watch List News and is the property of of Watch List News. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://www.watchlistnews.com/dimensional-fund-advisors-lp-has-235-62-million-position-in-principal-financial-group-inc-pfg/1757738.html.

Principal Financial Group Company Profile

Principal Financial Group, Inc is an investment management company. The Company offers a range of financial products and services, including retirement, asset management and insurance. Its segments include Retirement and Income Solutions; Principal Global Investors, Principal International; U.S. Insurance Solutions, and Corporate.

Institutional Ownership by Quarter for Principal Financial Group (NYSE:PFG)

Receive News & Ratings for Principal Financial Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Principal Financial Group Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.