Mn Services Vermogensbeheer B.V. increased its position in shares of Principal Financial Group Inc (NYSE:PFG) by 508.4% during the second quarter, Holdings Channel reports. The institutional investor owned 46,676 shares of the financial services provider’s stock after buying an additional 39,004 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Principal Financial Group were worth $2,991,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. CENTRAL TRUST Co raised its position in shares of Principal Financial Group by 2.4% in the first quarter. CENTRAL TRUST Co now owns 2,176 shares of the financial services provider’s stock worth $137,000 after buying an additional 52 shares in the last quarter. Jacobi Capital Management LLC raised its position in shares of Principal Financial Group by 291.1% in the first quarter. Jacobi Capital Management LLC now owns 2,691 shares of the financial services provider’s stock worth $167,000 after buying an additional 2,003 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of Principal Financial Group during the first quarter worth approximately $202,000. Blair William & Co. IL bought a new position in shares of Principal Financial Group during the first quarter worth approximately $205,000. Finally, Washington Trust Bank raised its position in shares of Principal Financial Group by 29.3% in the first quarter. Washington Trust Bank now owns 3,336 shares of the financial services provider’s stock worth $211,000 after buying an additional 755 shares in the last quarter. 70.58% of the stock is currently owned by institutional investors and hedge funds.

Shares of Principal Financial Group Inc (PFG) opened at 66.10 on Monday. Principal Financial Group Inc has a 12 month low of $43.79 and a 12 month high of $66.31. The firm has a 50 day moving average price of $63.41 and a 200-day moving average price of $61.84. The company has a market cap of $19.05 billion, a P/E ratio of 14.89 and a beta of 1.65.

Principal Financial Group (NYSE:PFG) last announced its quarterly earnings results on Thursday, April 27th. The financial services provider reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.08. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.16 billion. Principal Financial Group had a return on equity of 13.35% and a net margin of 10.37%. During the same quarter in the previous year, the business earned $0.97 earnings per share. Analysts anticipate that Principal Financial Group Inc will post $5.05 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Monday, June 5th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Thursday, June 1st. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.45. Principal Financial Group’s payout ratio is 41.44%.

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A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods reissued a “hold” rating and set a $64.00 price objective on shares of Principal Financial Group in a report on Tuesday, March 21st. Zacks Investment Research lowered Principal Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Royal Bank Of Canada reissued a “buy” rating and set a $73.00 price objective on shares of Principal Financial Group in a report on Wednesday, July 12th. BidaskClub raised Principal Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, Deutsche Bank AG increased their price objective on Principal Financial Group from $60.00 to $62.00 and gave the company a “hold” rating in a report on Wednesday, April 19th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $59.70.

In other Principal Financial Group news, insider Luis E. Valdes sold 60,911 shares of the business’s stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $63.00, for a total transaction of $3,837,393.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Gregory Bernard Elming sold 30,707 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $64.20, for a total value of $1,971,389.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 405,712 shares of company stock worth $26,067,155. Company insiders own 1.50% of the company’s stock.

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.

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

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