Nisa Investment Advisors LLC trimmed its stake in shares of Principal Financial Group Inc (NYSE:PFG) by 1.1% during the fourth quarter, HoldingsChannel reports. The firm owned 223,948 shares of the financial services provider’s stock after selling 2,400 shares during the period. Nisa Investment Advisors LLC’s holdings in Principal Financial Group were worth $15,802,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in PFG. Sun Life Financial INC lifted its position in shares of Principal Financial Group by 21,822.2% during the second quarter. Sun Life Financial INC now owns 1,973 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 1,964 shares in the last quarter. Koch Industries Inc. acquired a new position in shares of Principal Financial Group during the second quarter worth approximately $210,000. First Heartland Consultants Inc. acquired a new position in shares of Principal Financial Group during the third quarter worth approximately $224,000. Honkamp Krueger Financial Services Inc. acquired a new position in shares of Principal Financial Group during the third quarter worth approximately $226,000. Finally, Private Advisor Group LLC acquired a new position in shares of Principal Financial Group during the third quarter worth approximately $255,000. Institutional investors own 68.64% of the company’s stock.

In other Principal Financial Group news, Chairman Daniel Joseph Houston sold 38,097 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $68.00, for a total value of $2,590,596.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Karen E. Shaff sold 17,082 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $68.00, for a total transaction of $1,161,576.00. The disclosure for this sale can be found here. Insiders sold 369,535 shares of company stock valued at $25,938,392 in the last ninety days. Insiders own 1.50% of the company’s stock.

Principal Financial Group Inc (PFG) opened at $74.21 on Friday. Principal Financial Group Inc has a twelve month low of $56.12 and a twelve month high of $74.40. The firm has a market cap of $21,430.00, a P/E ratio of 12.17, a P/E/G ratio of 1.35 and a beta of 1.72. 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 quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.02). Principal Financial Group had a net margin of 12.35% and a return on equity of 13.55%. The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same quarter in the prior year, the company earned $1.15 earnings per share. equities analysts predict that Principal Financial Group Inc will post 5.22 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Monday, December 4th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 2.64%. The ex-dividend date was Friday, December 1st. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.47. Principal Financial Group’s dividend payout ratio is presently 32.13%.

PFG has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Principal Financial Group from a “sell” rating to a “hold” rating and set a $73.00 target price on the stock in a research report on Monday, October 2nd. Morgan Stanley increased 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 report on Thursday, October 5th. Goldman Sachs Group assumed coverage on shares of Principal Financial Group in a report on Wednesday, October 18th. They issued a “neutral” rating and a $70.00 price objective on the stock. Wells Fargo & Co set a $76.00 price objective on shares of Principal Financial Group and gave the company a “buy” rating in a report on Wednesday, October 18th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $73.00 price objective on shares of Principal Financial Group in a report on Monday, December 11th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Principal Financial Group has a consensus rating of “Hold” and an average target price of $68.90.

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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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